The University of Chicago reported a roughly 44% reduction in its fiscal 2025 budget deficit, narrowing the shortfall to $160 million after a year of cuts and revenue gains. The institution's operating loss fell to $86.4 million as tuition, healthcare income, private gifts, and endowment payout rose. University leadership credited belt‑tightening measures—staff reductions, fewer doctoral admissions and scaled capital plans—but cautioned that federal research funding uncertainty and policy shifts could reverse progress. The university plans to continue structural adjustments to reach a balanced budget by the decade’s end while preserving core research and medical services.