Fig.1

Chicago's balance sheet
How did the U of C earn and spend its money last year? No surprises here: more than half of Chicago's income is spent on teaching and research. The faculty helps pay its own way, bringing in the largest chunk of revenue in government grants and contracts (mostly to the Biological Sciences Division). Still, unlike many of its peers, Chicago depends heavily on tuition checks—its second-largest income source—to cover its expenses.