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Board of Trustees Approves 2025-2026 Operating Budget Including Tuition and Fees

Dear Parents and Students,

The ÍæÅ¼½ã½ã Chicago Board of Trustees has approved the new operating budget for academic year 2025-2026. The budget sets the University’s full-time undergraduate tuition at $54,530, a 4.4 percent increase from the current year. Mandatory fees and tuition for most graduate programs will also increase by 4.4 percent. Rates for residence halls will vary with an average increase of 3.5 percent. Meal plans will increase between 4 and 4.4 percent. The complete schedule of tuition, fee, and room and board rates can be found at: www.LUC.edu/bursar/tuitionfees

While the Board of Trustees and University leadership recognize that any tuition increase strains family resources, we have continued to honor our ongoing goal to hold any annual increase to no more than 1.5 percent of the average increase from the past 10 years. Additionally, the new budget provides an additional $19 million of university-funded financial aid to assist our students. This record amount of $322.8 million represents a 22.6 percent increase in student financial assistance over the past three years. Moreover, we continue to support a student aid emergency pool available to families whose financial circumstances have substantially changed and jeopardize the ability of a student to persist and graduate from ÍæÅ¼½ã½ã.

ÍæÅ¼½ã½ã’s top priority is to support student success inside and outside the classroom and we remain committed to careful stewardship of your tuition dollars. Rising costs to attract and retain top-notch faculty and staff remains our single largest operating expense. At the same time, we remain focused on keeping non-student facing operating expenses contained while making moves that assure our continued financial strength. For example:

  • We have worked diligently to keep faculty and staff compensation competitive, an especially challenging task in the past few years of higher-than-normal inflation;
  • We have continued to plan for and extinguish debt while refinancing when appropriate for better interest rates. The University has cut its interest expense on debt in half in just the past 7 years;
  • ÍæÅ¼½ã½ã has strategically prioritized growing the endowment to increase our ability to provide scholarship support and student financial aid. The growth of our endowment over the last 5 years has allowed us to double the endowment draw which contributes directly to scholarships and financial aid packages provided to students;
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