Admission FAQ

Online Application
Supplemental Materials
Admission Decisions for Chicago Campus
Program Start
Full or Part-time Status
International Students
Remote Learning

Online Application

  1. I’ve submitted my application, what's next?
    The Admissions Committee will begin to review applications after the application deadline has passed. We will send decisions on a rolling basis through April. When we reach a decision for each applicant, we will send an e-mail to the applicant with a link to our decision.


  1. How often will I be billed?
    Billing is done on a quarterly basis. Billing statements are sent to the ‘Current Address’ listed in students' accounts. You can also view your bill in the Student Portal. Exact tuition billing dates can be found at the Bursar's website.

Supplemental Materials

  1. Does the Financial Mathematics Program accept unofficial copies of transcripts and test scores?
    During the admission process, applicants scan and upload their transcripts into the online application system. If a candidate is offered, and accepts a spot in the MSFM Program, he or she is required to send an official, final transcript prior to enrollment.

Admission Decisions for Chicago Campus

  1. When will I receive an admission decision?
    One of our annual goals is to have all admission decisions finalized by the end of April. Unfortunately, unforeseen issues can sometimes delay the admissions process. Due to the large number of applicants, we ask that candidates NOT contact us about their application status until the last day in April.
  2. Will my official admission decision letter arrive via mail?
    All official admission decision letters can be accessed through your application only. Incoming student registration packets are sent out via email.
  3. Why was I denied admission into the Financial Mathematics Program?
    Due to the large volume of applications and the limited number of Program slots available, we cannot offer admission to every qualified candidate. And, because the reasoning behind each Committee member’s decision is both individual and unique, it is difficult for us to give each candidate an individualized answer. We ask that candidates NOT send us inquiries about denials.
  4. If I apply as a part-time student, does it affect my chances of admission?
    Applying as a part-time student does not affect an applicant’s chances of admission.

Program Start

  1. As a new student, can I choose when to begin the program?
    All new students begin the Program in the autumn quarter.

Full or Part-time Status

  1. How long is the program if I enroll as a full-time student?
    Successful full-time students complete the Program in either three or five quarters. More information regarding these two options is available here.

  2. How long is the program if I enroll as a part-time student?
    Part-time students, on average, complete the Program in two or three academic years. The program must be completed in four years.

International Students

  1. When will my FRS form be processed?
    Each candidate’s FRS form is processed when the required supporting documents AND the tuition deposit have been received.
  2. When will I receive my I-20 form?
    We cannot provide an exact date for receiving the I-20 form. Those who submit all the required documentation and the tuition deposit by the designated deadline will receive their I-20 form in a timely manner. We ask that candidates wait at least 4 weeks after the FRS packet and tuition deposit have been received by us to inquire about their I-20 status.
  3. When should I make a visa appointment?
    We advise that candidates make a visa appointment AFTER they receive their I-20 form.
  4. Can I extend the program past my original intended graduation date?
    Program extensions for international students are VERY RARE in our Program, but are available for those who qualify. To find out more information about extension eligibility, please visit the Office of International Affairs Program Extension webpage.
  5. Does the University of Chicago offer ESL courses?
    The University of Chicago offers English as a Second Language classes through the English Language Institute on campus.

Remote Learning

  1. Does the Financial Mathematics Program offer remote or distance learning?
    For students entering in 2015 or later, the Financial Mathematics Program DOES NOT offer remote or distance learning; all students are required to attend lectures.