International
The College welcomes talented students from all over the world and is dedicated to providing financial support regardless of their home address.
As an international applicant, your need-based financial aid eligibility is determined during the admissions process prior to your first year. International students will re-apply for need-based financial aid each year. International students who do not apply for need-based financial aid during the admissions process are not able to apply in later years. If you believe that you will need financial aid at any point during your time at UChicago, you should apply during the admissions process.
Need-based financial aid from the College is intended to cover tuition and fees as much as possible. Expenses beyond tuition and fees (including food and housing, travel to and from Chicago, etc.) will need to be paid out of pocket or with the help of the international stipend.
Application Requirements
International students who apply for need-based financial aid during the admissions process will need to complete the following requirements:
UChicago Financial Aid Worksheet: Completed electronically in the applicant's UChicago Account
Proof of Family Income (There is no Proof of Family Income form. Please submit one of the following)
2023 Tax Forms (If not U.S. taxes, provide home country equivalent, translated into English and converted into U.S. Dollars)
If home country does not require tax filing, please submit one of the following
Statement from Employer outlining annual income and benefits
Bank statements showing recurring salary deposits
Proof of Family Assets: Asset Verification Form
Statement of checking, savings and investment account balances
Statement showing value of property owned other than primary home (if applicable)
Any other relevant documentation of asset value
Once the UChicago Financial Aid Worksheet has been submitted, all other documentation must be uploaded to the applicant's UChicago Account.
Please note, financial aid is not available to international transfer applicants.
For information about other funding options for international students, please click here.
International Student Stipends
International student financial aid packages will include an international stipend. This portion of the financial aid package will be paid directly to the student either via a mailed check or direct deposit to a United States bank account. The funds from the stipend can then be used to pay toward the student's remaining charges due to the university.
In order to receive the stipend, international students are required to complete and upload several documents to Workday.
UPP 192 Form
W-8Ben Form
Completed immigration documentation (F1 visa students -I20 form; J1 visa students - DS 2019 form)
I-94 documentation (available online after the student arrives in the U.S here: https://i94.cbp.dhs.gov/I94/#/home
An affidavit stating that they will apply for an ITIN upon arrival
Form will be provided
The Office of International Affairs will help students with the ITIN Application and filing taxes (if applicable)
The Office of Financial Aid will contact first-year international students in August via their UChicago Email address with copies of these forms and instructions on how to complete them.
Due to IRS regulations international student stipends are subject to US taxation. The University may withhold up to 14% of your stipend for federal tax purposes, and all stipend recipients will need to file a US tax return. The Office of International Affairs (OIA) has resources to help you with - filing US Federal Taxes with Sprintax.
Some countries participate in a Tax Treaty Benefit with the United States, that allow stipends to be tax free. See the W-8BEN form and instructions for the list of countries that participate in the Tax Treaty Benefit. If your country of residence does not participate, please plan for 14% of your stipend to be withheld for US taxation. If your country of residence does participate in the Tax Treaty Benefit, then taxes will not need to be withheld*.
*Please Note that even if your country of residence does participate in the Tax Treaty Benefit (list of participating countries on W-8BEN form and instructions), until the UChicago payroll office has your ITIN / SSN on file, they will still have to withhold the taxes on your stipend. Once they have the ITIN on file and you complete a new W-8BEN (including Part II) with your ITIN number, they’ll be able to return the amount that was withheld for taxes to you.
When searching for a U.S. bank to open an account, international students should try to find one that does not charge fees for these types of transactions. We recommend looking into the Maroon Credit Union on campus as an option.
International Student Appeals
In rare cases, international students may be able to appeal their financial aid due to a drastic change in family financial circumstances. The only circumstances considered for international student financial aid appeals are (documentation required):
Family financial situation impacted by ongoing war or military conflict in their home country
Family financial situation impacted by national economic crisis in their home country
Family financial situation negatively impacted by the devaluation of the local currency
Family financial situation impacted by primary wage-earning parent becoming incapacitated
Any other situation would not be considered for an international student financial aid appeal.
For information on other resources available to international students, click here.