Odyssey Scholarship Increase

phuriku
Mon, 06 Feb 2012 00:11:09 +0000

[Scholarships | The University of Chicago College Admissions](http://collegeaid.uchicago.edu/types/scholarships.shtml)

“Beginning with the 2012-13 academic year, new students from families with total income less than $75,000 will receive an Odyssey Scholarship in the amount of $3,500. Students from families with incomes between $75,000 and $90,000, will receive an Odyssey Scholarship in the amount of $1,750.”

I don’t know when this new policy was announced, but it appears that starting with this year’s class, Odyssey Scholarships will increase in scope. Before this year, students with families making under $60k got all loans replaced with grants, and those between $60-$75k income got half replaced with grants. With the new policy, students under $75k have all loans replaced with grants, and those between $75-$90k get half.

Further indication of success on the financial aid front! This should certainly have an impact on yield as well, I’d imagine. It makes me glad to see developments such as this, since financial aid is something that the University needs to keep improving. While other universities are retracting their aid policies due to the economic climate, UChicago keeps pushing forward.