Not too long ago, I was accepted to UChicago and UIC's GPPA program just like the OP. I know many students that have attended U of C and are attending U of C currently, and I myself have been through a good portion of the GPPA program. I read this chat and sought to dispel a few misconceptions about GPPA commented by many people who have never attended it.
Instead of being just a risk-averse program for getting into med school like other BS/MD's are, GPPA is unique in that it sets you up to excel further and take greater advantage of opportunities than you would have in a traditional undergraduate setting. The reason why it doesn't get the same credit as HPME or PLME is because GPPA is only open to Illinois residents. Here below are just some of the benefits of GPPA.
UIC GPPA Undergrad perks
1) Each of your peers in the program have gotten into elite schools such as Harvard, Stanford, etc. You will frequently be surrounded by incredible minds.
2) GPPA offers much freedom to do things that interest you outside the mundane pre-medical e.c's of volunteering and shadowing doctors. GPPA students have done things like starting businesses, traveled to foreign countries to learn classic european painting styles, and many more. These substantial e.c's are the reason that we have a rich history of Gates-Cambridge Scholars, Truman scholars, and specifically for the sciences Goldwater scholars. The number of such scholars in our program is either on par with or supersedes such programs as HPME or PLME (comparing the records that each institution has put online). Also, because students are not bound to the program, many apply out. Often, these students get into med schools like Stanford, Columbia, and UMichigan with massive merit scholarships
3) UIC and it's medical school are located in the Illinois Medical District, where some of the most groundbreaking research in the country takes place. Many labs here are on par with and often supersede the labs at U of C. For example, the Orthopedics Department at Rush is ranked 4th in the nation when it comes to research output.
4) You are offered classes at the medical school in subjects such as "The Evolution of Medicine" and are mentored by GPPA faculty that are WELL renowned in academic circles. In fact, the director of the program was tasked with putting together the convention of the 40th ish anniversary of the discovery of the DNA double helix. Rec letters from such people are tremendously valuable.
5) Maintaining a 3.5 gpa at UIC for the program is fairly easy. U of C's Core Curriculum, which all students are required to take, is reasonably challenging. Taking pre-med courses at U of C can make your gpa take a serious hit if your not careful. Additionally, you only need a 510 ish (not terribly challenging) MCAT score to matriculate to UIC's medical school. The program faculty really don't like to kick people out, so you have ample chances.
6) Although UIC is a state school, it does have many incredibly brilliant students. However, they make up a much smaller percent of the population at UIC than they do at U of C. This means that it is easier for ambitious students to take advantage of the best resources (nominations for national scholarships, funding for startups, etc.) at UIC, whose counterparts at U of C are HEAVILY competed for. Also, GPPA medicine students have a ton of street cred at UIC and are seriously considered by faculty for these opportunities and resources.
UIC Medical School Perks
1) Although UIC COM (College of Medicine) doesn't have the same "name" as Northwestern's or UChicago's medical school. It has the same number, or even larger numbers, of students that match in the top residencies of each specialty. If you don't believe me, you can check for yourself on each schools' match lists. I've done so numerous times.
2) UIC COM was the first med school to initiate the AOA medical school honors society and is roughly the 5th or 6th oldest medical school in the U.S. This legacy of excellence has been demonstrated in the fact that we've had graduates that have become surgeon general and U.S senators.
3) UIC COM's tuition stands at 36k per year, which is MUCH MUCH cheaper than other top medical schools. UIC also offers ample merit scholarships to entering students ranging from 15k per year to full tuition scholarships.
4) For GPPA students hoping to get into the MSTP program, they only have to worry about doing a ton of research to get into the PhD portion, as opposed to doing long hours of volunteering and shadowing to initially get into the MD program
In short GPPA can potentially help the most ambitious students get to where they want to be much easier than an acceptance at a top 10 undergrad