From here: https://news.uchicago.edu/story/university-announces-increases-2010-11-undergraduate-tuition-and-financial-aid https://news.uchicago.edu/story/univer

From here: https://news.uchicago.edu/story/university-announces-increases-2010-11-undergraduate-tuition-and-financial-aid https://news.uchicago.edu/story/university-announces-increas... "The total cost of undergraduate education for the 2010-11 school year will be $53,244; of that amount, tuition is $40,188, and the remaining $13,056 is for room, board and fees. For about 60 percent of students, that cost is significantly reduced through need- or merit-based aid. And for the 49 percent of undergraduate students receiving need-based aid, the average amount of grant assistance from all sources, though not yet final, will be more than $35,000 per student in the coming year." So you are correct.