In October 2012, the University of Chicago launched UChicago Promise, an initiative aimed at helping high school students in the city of Chicago gain admission, pay for and succeed in college. The cornerstone of the program is the commitment from the university to eliminate loans from financial aid packages of students from Chicago who are admitted.
Recently, the University released a report on the first year of UChicago Promise that shows hundreds of students, parents and high school guidance counselors have benefitted from the initiative. Check out some of the highlights below:
- Contributed to a 48.8-percent boost in the number of Chicago applicants to the University of Chicago
- Saved Chicago families a total of $89,475 in application fees through a new automatic waiver
- Coached 1,100 students and parents through workshops on college interviews, essay writing and financial aid
- Served more than 250 public school students through academic enrichment programs, including Upward Bound and the Collegiate Scholars Program
- Brought more than 500 middle school and high school students to the UChicago campus through GEAR UP, a national program aimed at increasing access to postsecondary education
To read more on the first year-in-review report, click here. Share your thoughts on the University of Chicago’s local financial aid initiative. Do you think more universities should follow this trend? Do you know of any that already do? Let us know. And don’t forget that affordable college tuition can be expensive. Try to fund your education with as much free money as possible – a great place to start is by creating a free profile on Scholarships.com!
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