Cost of Carnegie Mellon University
Total Cost
The total cost of attendance at Carnegie Mellon University is
$68,694
per year
(which includes tuition and fees, books and supplies, and living expenses)
Cost Breakdown
Carnegie Mellon University provides financial aid packages using a need-blind admissions policy. Financial aid is based on need and available at the time of admissions. Financial aid consideration is provided each year with the submission of all necessary financial aid documents including the FAFSA, CSS Profile, and tax documents. Aid is available to U.S. citizens, permanent residents and Deferred Action for Childhood Arrivals (DACA) students. Veterans education benefits and information can be seen here. Students who wish to take courses in the summer are able to apply for summer financial aid. For students wishing to Study Abroad, The Office of International Education provides information about funding this endeavor.
Carnegie Mellon's Financial Aid Assistance Guide is a comprehensive 11-page PDF guide for students and families to navigate the financial aid application process.
The types of financial aid available are grants, need-based scholarships, and work-study opportunities. Students can apply for non-work-study jobs and internships on or off-campus using the Handshake page or app. Carnegie Mellon University welcomes outside scholarships to help subsidize your financial aid package. The Financial Aid Office provides a section for Frequently Asked Questions, a Financial Aid Estimator, and a Net Price Calculator to help assess affordability and provide guidance for students and families.
Carnegie Mellon's Student Financial Services Office offers financial literacy resources through its Division of Enrollment Services (also known as The HUB). This page contains resources including answers to frequently asked questions and helpful videos and links to outside resources to help students work on any financial goal. An area providing Student Consumer Information is available on this page as well.
The university provides several PDF resources to help students learn about financial literacy including:
- Tips for Managing Your Money and Achieving Financial Wellness
- A Budget Worksheet
- Strategies to Save Money
- A Financial Goal-Setting Worksheet
- Credit Card Tips
- Tips to Avoid Identity Theft
The HUB provides a link to The SALT Program Membership page. SALT is an online student financial literacy program designed to help students and alumni to manage their money during and after their educational journey. It includes an online learning course and modules, loan counseling and management, job/internship search engines, a personal dashboard, and a variety of additional learning and budgeting management tools.
Financial Aid for Carnegie Mellon University
Average Student
The average student at Carnegie Mellon University pays
$29,817
per year
Need Met
Carnegie Mellon University's financial aid meets
94.0%
of student's demonstrated need
Financial Aid
At Carnegie Mellon University
43.0%
of freshmen receive some form of financial aid
Merit Scholarships for Carnegie Mellon University
Average Merit Scholarships
The average Carnegie Mellon University merit scholarship for students without financial need is
$15,142
Carnegie Mellon University does not provide merit scholarship awards to its students (with the exception of a very limited performance-based set of scholarships awarded by the School of Drama and the School of Music). These are automatically included within a student's financial aid package at the time of admissions.
Average Cost
Very few students pay the full price. Here's the average cost for students in different income brackets:
Budget for Carnegie Mellon University
Every student's costs are a little different.
LEARN MORE ABOUT BUDGETING >Loans for Carnegie Mellon University
Student Loans
The average student at Carnegie Mellon University takes out
$31,077
in student loans
Student Loan Repayment
The student loan repayment rate at Carnegie Mellon University is
95.8%
after five years
96.6%
after seven years
Student Loan Default Rate
At Carnegie Mellon University
1.4%
after three years
Graduate salaries for Carnegie Mellon University
Average Starting Salary
The average starting salary for a Carnegie Mellon University graduate is
$78,188
Salary Years After Graduation
After graduation, here's how the average salary at Carnegie Mellon University grows over time:
Savings for Carnegie Mellon University
Sticker Price
Carnegie Mellon University's full cost of attendance has increased an average of
3.3%
per year since 2014
Net Price
Carnegie Mellon University's average net price has increased an average of
5.3%
per year since 2014
Average Cost
Given past trends, we expect Carnegie Mellon University's tuition pricing to be the following:
