$6,908

Avg. Federal Grant

$4,008

Avg. Federal Loan

$115,697,000

Total Aid Awarded

Carnegie Mellon University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$115.697M

Financial Aid Official Website

admission.enrollment.cmu.edu/pages/financial-aid

Such schemes include Carl S. Micarelli Memorial Scholarship, Carnegie Scholarship, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant. Notably, 58% of the students at Carnegie Mellon University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,912,372. More information regarding the financial assistance schemes can be accessed on CMU’s official financial aid page at http://admission.enrollment.cmu.edu/pages/financial-aid. Notably, a total of 16% of the applicants to Carnegie Mellon University receive the Federal Grant every year. Meanwhile, 47% of the applicants receive the Student Grant and 46% are awarded the Institution Grant, while 16% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,186, while the same comes to $2,700 for State Grant receivers and $39,224 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,836. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $55,057 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $50,372, while those falling in the $48,001-$75,000 income category get $49,866 a year. On the other hand, the average federal aid stands at $41,431 for those with an annual family income between $75,001 and $110,000, and at $21,431 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 41% of the applicants to Carnegie Mellon University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

15%

State Grant Aid

2%

Institution Grant Aid

49%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$6,908

State Grant Aid

$3,013

Institution Grant Aid

$37,266

Pell Grant

$4,640

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$58,690

$30,001 - $48,000

$56,452

$48,001 - $75,000

$52,011

$75,001 - $110,000

$41,820

Over $110,000

$21,142

Student Loans for Carnegie Mellon University

Average Loan Amount Average Loan Amount received per year.

$6,401/Year

Students Taking Out Loans

35%

Loan Default Rate

0.1%

Other Colleges In Pennsylvania

#N/A

Elizabethtown, Pennsylvania 4 years Private Not-For-Profit

#N/A

Shippensburg, Pennsylvania 4 years Public

Grove City College is a private, Undenominational university located in Grove City, PA. The university covers an area of 180 acres. In 1876, Grove City College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Grove City College has been imparting quality ed

Grove City, Pennsylvania 4 years Private Not-For-Profit

Other Colleges In Pittsburgh

Online Education at Point Park University

  • The university online education is designed in such a way that the students succeed in education even though not

Pittsburgh, Pennsylvania 4 years Private Not-For-Profit

There is a private university in Pittsburgh, Pennsylvania called Rosedale Technical College. Across all the courses offered at Rosedale Technical College, the enrolment stands at 362. The school has a total of 24 academic staff. These faculty teach different courses to the students. Speaking of g

Pittsburgh, Pennsylvania 2 years Private Not-For-Profit


Online Education at The Art Institute of Pittsburgh

It is available for various students who can not pursue the course on campus and who want to do the course in the comfort of their home and the content is available 24/7. So the student can pursue online degrees.

T

Pittsburgh, Pennsylvania 4 years Private For-Profit

Other Private not-for-profit Colleges

The university is now regarded among the best universities in the world. It has an endowment of $4.35 billion as of 2019. The university has produced many notable alumni including heads of states, famous writers, artists, and more. A total of 37 Nobel laureates are affiliated wit

New York, New York 4 years Private Not-For-Profit

Online Education at TCSPP

With a population of 1,209 students, the institute is known for its professional approach towards education. The students of this university can study various courses through the online platform provided by this college. Students can apply for any course and pa

Chicago, Illinois 4 years Private Not-For-Profit

Independence University is a private university located in Salt Lake City, UT. The Independence University is part of the Center for Excellence in Higher Education group. It was in 1978 when the Independence University was founded. The motto of the Independence University is Education Online for a B

Salt Lake City, Utah 4 years Private Not-For-Profit