Carnegie Mellon University
Pittsburgh, Pennsylvania
Private
Recent News
Admissions Policies
Deposit & decision deadline (class of 2024)
May 1
Test-optional admissions ('20-'21)
Yes
Paying for Carnegie Mellon University
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 a Financial Literacy page page. It 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.
Carnegie Mellon University Cost Breakdown
The total cost of attendance includes tuition and fees, books and supplies, and living expenses.
Tuition (in-state)
$57,119
Tuition (out-of-state)
$57,119
Room and board
$14,972
Books and supplies
$2,400
Fees
$1,221
Other
$0
Carnegie Mellon University Financial Aid
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 97 % of student's demonstrated need.
Carnegie Mellon University Merit Scholarships
The average Carnegie Mellon University merit scholarship for students without financial need
of Carnegie Mellon University students without financial need receive a merit scholarship
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.
Carnegie Mellon University Average Cost
Very few students pay the full price. Here's the average cost for students in different income brackets:
Carnegie Mellon University Financial Health
Resources
Endowment (2019)
$2,542,649,846
Endowment per enrolled student (FTE)
$181,449
Carnegie Mellon University Online Education
Share of Students Studying Online (Graduate and Undergraduate)
Equity
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
Black
Hispanic
White
Representative
Native American
Hawaiian
Multi-racial
Overrepresented
Asian
Carnegie Mellon University Student Loans
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
Carnegie Mellon University After College Salaries
After graduation, here's how the average salary of a Carnegie Mellon University graduate grows over time:
Carnegie Mellon University Admissions
SAT range:
1450 - 1550
ACT range:
33 - 35
Application fee:
$75
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About Our Data
The data and analysis above is sourced from the following reliable third party sources:
- - US Department of Education
- - ACCEPT: Admissions Community Cultivating Equity & Peace Today (deposit deadlines)
- - FairTest (testing policies)
- - National Association of College and University Business Officers (NACUBO) (endowment data)
- - National Center for Education Statistics
- - Opportunity Insights at Harvard University (mobility rates)
- - Peterson's
- - Public college-maintained websites
- - State Higher Education Executive Officers Association (SHEEO) (state funding data)
- - Urban Institute (racial representation data)
- - Photo Credit: Jared Luxenberg, distributed under a CC-BY-SA-3.0 license. Via Wikimedia: https://commons.wikimedia.org/wiki/File:Wean_hall.jpg.
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.