Finances & Housing FAQ
- How much do I get paid?
- How do I get paid?
- Do I get any extra money for supply/travel/research expenses?
- Do I have to pay taxes?
- Does the University offer Graduate Student Housing?
- Is it difficult to find affordable apartments near Campus?
- If students don’t want to live in Hyde Park, where else do they choose to live?
The current 2015-2016 stipend is $30,000. Incoming students receive $500 in moving expenses. The stipend increases regularly in accordance with established standard of living increases.
During the first year, students are paid their stipend four times a year, at the start of each quarter. Checks are distributed through the Dean of Student’s Office. Funding sources for students include Federal Training Grants and the Division of Biological Sciences. In later years of training most students are funded by grants awarded to faculty mentors. When receiving stipends from mentor grants students are paid on the last business day of the each month.
In general, the costs of research supplies and equipment are covered by grants or by the faculty member of the students’ lab. Limited supply funds are available from training grants and are disbursed directly to the laboratories in which trainees are working. Travel expenses are paid either through a training grant or are provided by the faculty mentor’s grants.
Graduate student stipends are taxable by Illinois and the Federal government. Students on fellowships and NIH training grant support must calculate and pay estimated taxes several times a year. For more information, please refer to the Internal Revenue website at taxable income for students.
Yes. A variety of housing options exist within the Hyde Park neighborhood, including furnished and unfurnished studio apartments, one and two bedroom apartments and buildings that are designated as family and/or pet-friendly. For more information, please refer to the Graduate Student Housing website.
There are many of affordable and exciting neighborhoods in Chicago. Please refer to the alternative newspaper Chicago Reader, to Craig’s List or to The University of Chicago’s link to Marketplace for classified ads for apartments throughout the greater Chicago land area.