Annual CostsUndergraduate TuitionTuition for Carnegie Mellon University is $57,560 for the 2020/2021 academic year. This is 93% more expensive than the national average private non-profit four year college tuition of $29,844. Carnegie Mellon University is one of the 100 most expensive colleges in the America, coming in 34th on our Expensive 100 Ranking. The cost is 104% more expensive than the average Pennsylvania tuition of $28,226 for 4 year colleges. Tuition ranks 125th in Pennsylvania amongst 4 year colleges for affordability and is the 5th most expensive 4 year college in the state. Price does not vary by residence. Show
The school charges an additional fees of $1,250 in addition to tuition bringing the total effective in-state tuition to $58,810. Housing CostsOn campus room and board is provided by the school at a cost of $15,550 per academic year. Students electing to live off campus elsewhere in Pittsburgh should budget at least this amount. Books and SuppliesThe estimated annual cost for books and supplies is $1,000. Other Living ExpensesIf living on-campus, students should budget for $1,400 in additional living expenses. Off-campus students should budget for $1,400 in other miscellaneous living expenses. Total CostsThe annual tuition and living expense budget to go to Carnegie Mellon was $76,760 for the 2020/2021 academic year. The cost is the same for all students regardless of Pennsylvania residence status as there is no in-state discount. Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Carnegie Mellon University and represent reported costs for the 2020-2021 academic year. Costs and Tuition for Carnegie Mellon University
 Will you get in?Find out which students are getting accepted at Carnegie Mellon, which are not, and how your GPA, SAT, or ACT scores compare. Calculate My Chances Sponsored by Cappex What it Really CostsDepending on many factors including student and parent income and assets, the total cost of attendance may be less than the $76,760 published price if scholarship or grant aid is made available to you. Net PriceThe net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Carnegie Mellon net price for in-state students is $36,983* for the 2019/2020 academic year. This net price includes housing and meal expenses. Pell Grants and other Grant Aid55% of Carnegie Mellon University students received grant aid in 2019/2020. The average total aid amount was $37,506. 14 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,099. To apply for a Pell Grant to attend Carnegie Mellon University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA). Net Price and Financial Aid for Carnegie Mellon University
Average Net Price by Family IncomeThe average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2019/2020 academic year.
Average Financial Aid Mix - $76,760 In-State Total CostCollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $76,760. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income. Grants and Scholarships 50% - $37,506 Money granted to you by the U.S. Department of Education, Carnegie Mellon University or other organizations. These are not loans and do not need to be repaid. Federal Loans 6% - $4,654 Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid. Out of Pocket 44% - $33,200 Covered by family savings, work or private student loans which you will have to repay. *Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price. Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition. Is it Worth the Cost?To make a comparative assessment if Carnegie Mellon is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 91/100 for Carnegie Mellon University. Considering an average net price paid of $32,054, this leads to an overall value ranking of 65/100. This places the school 93rd on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid. Tuition Comparison to Similar Private Colleges in the Region
Cost of a DegreeWhen considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Carnegie Mellon University. Estimated 4 Year Cost at Published TuitionAt the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Carnegie Mellon is $307,040 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price. A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $32,054 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $128,216** If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $383,800 or $160,270 using an average net price. **Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price. Other CostsEstimated Cost Per SemesterMost colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Carnegie Mellon University.
Cost Per Credit Hour and Cost for a ClassSome schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Carnegie Mellon University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour. Cost per credit hour and per class at Carnegie Mellon University
Sponsored by Cappex Student Loans and DebtThe second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 40% of Carnegie Mellon University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,654. Example Loan Payments and CostsHow much are student loan payments for Carnegie Mellon University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea. The following are the costs for a loan if you borrowed $128,216, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $153,808.27. This could be your effective total out of pocket cost of an education at Carnegie Mellon University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 55% of students at this school who receive financial aid and you are paying an average annual net price of $32,054. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Carnegie Mellon University student loan calculator below to change loan assumptions and recalculate. Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy. Carnegie Mellon University Student Loan Payments
Affording Student Loan Payments and Post Graduation SalaryCan I afford to attend Carnegie Mellon? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Carnegie Mellon University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary. Using the 10% of salary threshold, an annual income of $153,808.27 would be needed to afford a $1,281.74 monthly payment in the example $128,216.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below. Estimated Future Cost and Expected Tuition IncreaseWhat will it cost to send your child to Carnegie Mellon University in the future? In the past four years, this school's published in-state tuition and fee total rose from $49,610 to $57,560. This amounts to an average annual price increase of 3.2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $307,040.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Carnegie Mellon University.
CalculatorsUse the calculators below to formulate a college savings plan for Carnegie Mellon University or model a student loan. College Savings CalculatorPlan and Save for CollegeDiscover how much will you need to start saving now to afford Carnegie Mellon University in the future. Student Loan CalculatorEstimate Loan PaymentsModify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Carnegie Mellon University student loan. About Carnegie Mellon UniversityCarnegie Mellon University is a four year private college located in Pittsburgh, Pennsylvania. Full time enrollment is 12,320 and part time is 1,199. Learn more about getting accepted at Carnegie Mellon University at CollegeSimply. Students attending this school may pursue both undergraduate and graduate degrees. AddressCarnegie Mellon University 5000 Forbes Avenue Pittsburgh, Pennsylvania 15213-3890 http://www.cmu.edu/ For Profit / Not For Profit StatusCarnegie Mellon University is a private not for profit institution. Carnegie Mellon University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=211440 IPEDS survey data. Data last updated February 2022 and reflects academic year 2020/2021 costs reported by the school. How much does CMU cost for 4 years?Sticker Price. How much does a bachelor degree cost from Carnegie Mellon?Undergraduates Who Entered Fall 2018-2021. Is Carnegie Mellon expensive?The annual tuition and living expense budget to go to Carnegie Mellon was $76,760 for the 2020/2021 academic year.
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Total Costs.. Does Carnegie Mellon give full scholarships?Scholarships cover full tuition and fees plus $1,200 per year for books. All contracted students also receive a monthly stipend of $300 to $500 per month. Carnegie Mellon has a company at the Three Rivers Battalion headquartered at the University of Pittsburgh.
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Carnegie mellon university undergraduate tuition and fees
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