Stipend are distributed according to a student's citizenship status. All students are able and encouraged to sign up for Direct Deposit. For more information, please refer to the bursar's website. For those who have not signed up for direct deposit, it is imperative that theymake sure their address in my.uchicago.edu is accurate to avoid delays in receipt.
Most stipends are distributed in three (or four, depending on program) equal quarterly installments and are generally available for registered students a few days before the first day of each quarter.
International students receiving stipends who will reside abroad in any quarter should inform the Dean of Students Office. Under the sourcing rules for scholarship and fellowship grants, a grant paid to or on behalf of an individual studying abroad is foreign source income regardless of the residency of the payer. The University has no withholding or reporting obligations related to this payment, but does have to account for these payments under a separate earnings code.
Domestic student stipends are self-reported taxable income and no W-2 Form is issued. UChicagoGRAD offers an annual informational session on taxes and maintains a website with helpful financial management information.
International student stipends are taxed (currently at a rate of 14%). The tax is withheld before each check is issued. Students are required to fill out tax forms and provide appropriate visa documentation to the Dean of Students office. This tax paperwork is used by the University's Payroll office to determine whether a student qualifies for a tax treaty benefit, which may reduce this tax. International students living abroad and receiving a stipend in any quarter are required to inform the Dean of Students office in advance so that necessary adjustments to tax withholdings can be made before the stipend is issued. International student stipends are reported as earnings on Form 1042-S, which students should expect to receive by U.S. mail in early April. International students should check with the Office of International Affairs about tax software and workshops to assist them with filing U.S. federal income tax returns, as the University does not have a tax adviser to assist students.