College Factual  by our College Data Analytics Team
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Can You Afford Carnegie Mellon University?

Concerned about paying for college? Take a look at Carnegie Mellon’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $16,712 and $76,435

Feeling a little stressed about paying $76,435 to attend Carnegie Mellon University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Pennsylvania students, 46.6% of freshmen receive some form of financial aid, with the average amount totaling $41,645. Students from low-income families receive an average of $59,723 in aid during their first year.

Cost (no aid)

Tuition and fees$58,485
+ Room and board$15,550
+ Other expenses$2,400
Total cost$76,435
Affordability Score (2 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$76,435
- Grants and scholarships$41,645
Net price$34,790
Affordability Score (12 out of 100)
more expensive
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Average Net Price for Low Income Undergraduates

Total cost$76,435
- Grants and scholarships$59,723
Net price$16,712
Affordability Score (69 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Carnegie Mellon.

Projected Costs Between $62,766 and $470,264 For a Four Year Degree. Between $31,950 and $227,933 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Carnegie Mellon in 2020 - 2021 was $76,435. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.1% each year. If this trend continues, we expect the full cost for incoming freshmen to be $81,263 during their first year. By their senior year, that cost will be approximately $89,083 for a bachelor degree candidate ($83,790 for an associate degree candidate) for a total of $340,533 over the course of four years ($165,054 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Carnegie Mellon University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.9%3.1%
Freshman year$16,119$36,816$81,263
Senior year$15,831$37,872$83,790
Total 2-year net price$31,950$74,688$165,054
10-year loan interest @ 6.8%$12,172$28,453$62,879
Total monthly payment$368$860$1,899
Total amount paid$44,121$103,141$227,933
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.9%3.1%
Freshman year$16,119$36,816$81,263
Senior year$15,269$40,077$89,083
Total 4-year net price$62,766$153,724$340,533
10-year loan interest @ 6.8%$23,911$58,563$129,731
Total monthly payment$722$1,769$3,919
Total amount paid$86,677$212,287$470,264

Visit net price and financial aid to learn more about the total cost of attending Carnegie Mellon University.

Further Questions to Consider

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