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<p>Professors’ kids are no longer guaranteed spots at the Lab School because there are so many people who want to get in, but faculty’s children are given higher priority over all others. The Lab School waives half of their tuition. The school does pay for professors’ children to go to any college, but it does not pay for the full price. This is called tuition support. I think it’s somewhere between 50 and 75%, which is still a pretty significant percentage. That being said, UChicago is not the only school that does this.</p>