Financial Aid & Affordability


Carnegie Mellon is committed to meeting the demonstrated need of our undergraduate students. We're proud of our need-based financial aid program designed to provide you and your family with options to afford college. Specifically, our approach to judiciously offering financial aid makes it possible for families from all economic backgrounds to afford a Carnegie Mellon education. 

Please note that families in higher income ranges who receive financial aid tend to have multiple students enrolled in college.

Household Income Number of Students Average Need-Based Aid Average Financial Need
$0-24,999 88 $65,815 $64,896
$25,000-49,999 109 $66,451 $65,889
$50,000-99,999 168 $55,565 $54,745
$100,000-149,999 161 $43,660 $42,578
$150,000-199,999 102 $30,479 $29,148
$200,000-249,999 34 $23,074 $21,042
$250,000+ 15 $19,305 $15,432

 *This chart includes all entering Fall 2020 students with demonstrated financial need who completed the financial aid application process.

Tuition & Fees

When considering the cost of higher education, you’ll want to consider the overall cost of attendance, which includes tuition, fees, room and dining, books and a transportation estimate. Learn about the cost breakdown of your investment in Carnegie Mellon before finding how we can help.

Learn more about Carnegie Mellon's tuition cost and fees

The Value of Carnegie Mellon

There’s no denying it, a private college education is expensive. We hope that you'll consider an education from Carnegie Mellon to be an investment in your future.

Learn more about the value of a Carnegie Mellon education

Types of Aid

Various types of financial aid are available to ensure you can get the assistance you need for a Carnegie Mellon education.

Review what types of aid are offered at Carnegie Mellon

Net Price Calculator

Carnegie Mellon provides the Net Price Calculator in partnership with College Board for prospective students and their families to estimate financial aid eligibility as if enrolled at Carnegie Mellon in the previous academic year.

Read more about the Net Price Calculator

Applying for Aid

Applying for financial aid can be confusing your first time, but we're here to guide you through every step of the process.

Find out how to apply for financial aid

Financial Aid FAQs

Frequently Asked Questions