Costs + Financial Aid

 

Paying for a college education will take creativity, sacrifice and support. Carnegie Mellon has a financial aid program designed to provide your family with options to afford college. Many families find our Financial Aid Guide to be a helpful resource for navigating the financial aid and enrollment process this time of year.

Principles & Practices

Carnegie Mellon allocates resources carefully and judiciously to the benefit of the high-quality students we seek to enroll. Financial aid, viewed by many as an entitlement when federal resources were more plentiful, is now awarded by institutions who must balance resources, goals and priorities while attracting the highest quality students.

Principles

Carnegie Mellon follows a need-blind admission policy and doesn’t admit students based on their family’s ability to pay for their education. Applying for financial aid will have no effect on your chances for admission. It may have an effect, however, on which students we’re able to admit from the waiting list.

Like many other colleges and universities, we use an increasingly larger share of our limited resources to help families cover the cost of enrollment. Federal and state aid resources, awarded on the basis of financial need, are distributed under federal and state guidelines.

Carnegie Mellon awards financial aid based solely on demonstrated financial need in order to distribute our resources as equitably as possible to the highly talented students we’ve selected for admission. Applicants who complete a financial aid application will be considered for every available fund from Carnegie Mellon. We don't award merit only scholarships.

Practices

We use statistical modeling as an aid in the distribution of limited financial aid dollars. It's a strategic tool that helps us pursue our goal of increasing the quality of the student body while using our resources as effectively as possible. This modeling takes into account a student’s intended college major, academic and artistic talents, non-academic talents and abilities, as well as financial need. This modeling is unique to Carnegie Mellon.

Financial aid applications will ask for information about your income from the tax year two years prior to your enrollment year. If you or your family have experience a change in income recently, please contact the Office of Admission.

Note: Carnegie Mellon bases your eligibility in part on the federal need-analysis formula and programs established by Congress. Congress may change the formula and programs through legislation or regulation. Changes in the formula or programs may affect your Carnegie Mellon aid eligibility.

Tuition & Fees

When considering the cost of higher education, you'll want to consider the overall cost of attendance, not only the cost of tuition.

Review Carnegie Mellon's cost of attendance

Applying for Aid

Applying for financial aid can be a confusing process, especially if you're applying for the first time. We're here to help.

Review what documents are required to apply for financial aid

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

Financial Aid Estimator

Carnegie Mellon provides two options for high school students and their families to receive an estimate of their financial eligibility.

Read more about receiving a Financial Aid Estimate

Grants & Scholarships

Carnegie Mellon may provide qualified applicants with gift aid like grants or scholarships.

Learn more about grants & scholarships

Loans & Work-Study

Carnegie Mellon may provide loan and student employment options to qualified applicants.

Learn more about loans & work-study