Financial Aid & Affordability


Carnegie Mellon is proud of its commitment to need-based financial aid and has a financial aid program designed to provide you and your family with options to afford college. Specifically, our approach to judiciously awarding financial aid makes it possible for families from all economic backgrounds to afford a Carnegie Mellon education. 76% of first year students who applied for financial aid received need-based assistance.

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

Income Range % Receiving Aid Average Grant Average Total Financial Aid Award
$0 - $49,999 99% $57,651 $62,695
$50,000 - $99,999 98% $48,828 $54,678
$100,000 - $149,999 95% $33,432 $40,010
$150,000 - $199,999 89% $22,237 $28,164
$200,000 - $249,999 71% $17,524 $18,587
$250,000+ 25% $12,818 $13,390


Types of 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 types of aid are offered at Carnegie Mellon

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

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

Financial Aid FAQ's

Frequently Asked Questions