CollegeCalc Highest List Price Rank - 28th

Annual Costs

Undergraduate Tuition

Tuition for Carnegie Mellon University is $52,732 for the 2018/2019 academic year. This is 91% more expensive than the national average private non-profit four year college tuition of $28,471. Carnegie Mellon University is one of the 100 most expensive colleges in the America, coming in 28th on our Expensive 100 Ranking. The cost is 99% more expensive than the average Pennsylvania tuition of $27,215 for 4 year colleges. Tuition ranks 126th in Pennsylvania amongst 4 year colleges for affordability and is the 4th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,178 in addition to tuition bringing the total effective in-state tuition to $53,910.

Housing Costs

On campus room and board is provided by the school at a cost of $13,784 per academic year. Students electing to live off campus elsewhere in Pittsburgh should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,000.

Other Living Expenses

If living on-campus, students should budget for $1,400 in additional living expenses. Off-campus students should budget for $0 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Carnegie Mellon University was $70,094 for the 2018/2019 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 2018-2019 and 2017-2018 IPEDS survey response for Carnegie Mellon University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Carnegie Mellon University
Estimated Budgets
Pennsylvania Resident Total Budget $70,094
   In-State Tuition$52,732
   Other Fees$1,178
   Room and Board$13,784
   On-Campus Other Budget$1,400
   Books and Supplies$1,000
Non-Resident Total Budget $70,094
   Out-of-State Tuition$52,732
   Other Fees$1,178
   Room and Board$13,784
   On-Campus Other Budget$1,400
   Books and Supplies$1,000


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $70,094 published price if scholarship or grant aid is made available to you.

Net Price

The 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 University net price for in-state students is $33,670* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

53% of Carnegie Mellon University students received grant aid in 2014/2015. The average total aid amount was $28,322. 14 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,221. 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
Financial Aid Summary
Average Annual Net Price$33,670*
Percent of Students Receiving Grant Aid53%
Average Total Grant Aid$28,322
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,221

Average Net Price by Family Income

The 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 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$20,431
$30,001 to $48,000$20,839
$48,001 to $75,000$21,805
$75,001 to $110,000$29,789

Average Financial Aid Mix - $70,094 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $70,094. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 41% - $28,322

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

 8% - $5,620

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 51% -  $34,752

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 2014-2015 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 University 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 96/100 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 109th 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

School Cost vs. Carnegie Mellon University
Case Western Reserve University10.7% less expensive
Kenyon College2.3% less expensive
Oberlin College0.1% more expensive
Bucknell University1.8% more expensive
American University13.1% less expensive

Cost of a Degree

When 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 Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Carnegie Mellon University is $280,376 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 $350,470 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 2014-2015 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 Costs

Estimated Cost Per Semester

Most 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.

Pennsylvania Resident Tuition Per Semester$26,366
Pennsylvania Resident Total Cost Per Semester$35,047

Cost Per Credit Hour and Cost for a Class

Some 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
Price per credit hour$733
Cost for one class (3 credit hours)$2,199
Cost for one class (4 credit hours)$2,932


Student Loans and Debt

The 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. 36% of Carnegie Mellon University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,620. The reported average student debt upon graduation is $31,747.

Example Loan Payments and Costs

How 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 $159,086.65. 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 53% 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
Example Payments
Monthly Loan Payment$1,325.72
Amount Borrowed$128,216.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$30,870.65
Sum of All Payments over 10 years$159,086.65

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Carnegie Mellon University? 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 $159,086.65 would be needed to afford a $1,325.72 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 Increase

What 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 $44,880 to $52,732. This amounts to an average annual price increase of 3.5%. 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 $280,376.00. 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.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$96,396$385,582
Estimated Cost in 10 years for students enrolling in 2030$123,028$492,112
Estimated Cost in 15 years for students enrolling in 2035 $157,018$628,073
Estimated Cost in 18 years for students enrolling in 2038 $181,768$727,073

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Carnegie Mellon University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Electrical and Electronics Engineering Bachelor's Degree 131 66% costlier
Mechanical Engineering Bachelor's Degree 89 65% costlier
Systems Science and Theory Bachelor's Degree 85 57% costlier
Architecture Bachelor's Degree 61 47% costlier
Chemical Engineering Bachelor's Degree 61 53% costlier
Chemistry, General Bachelor's Degree 52 68% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 45 65% costlier
Economics, General Bachelor's Degree 44 57% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 44 37% costlier
Finance, General Bachelor's Degree 41 88% costlier
Materials Science Bachelor's Degree 36 38% costlier
Civil Engineering, General Bachelor's Degree 32 65% costlier
Art/Art Studies, General Bachelor's Degree 28 79% costlier
Psychology, General Bachelor's Degree 27 73% costlier
Industrial and Product Design Bachelor's Degree 25 57% costlier
Physics, General Bachelor's Degree 24 59% costlier
Information Technology Bachelor's Degree 23 106% costlier
Engineering, General Bachelor's Degree 22 54% costlier
Design and Visual Communications, General Bachelor's Degree 21 78% costlier
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 20 75% costlier
Professional, Technical, Business, and Scientific Writing Bachelor's Degree 19 81% costlier
Biopsychology Bachelor's Degree 19 39% costlier
Creative Writing Bachelor's Degree 17 52% costlier
Public Policy Analysis, General Bachelor's Degree 15 26% costlier
Econometrics and Quantitative Economics Bachelor's Degree 15 33% costlier
Voice and Opera Bachelor's Degree 13 59% costlier
Statistics, General Bachelor's Degree 13 56% costlier
Business Administration and Management, General Bachelor's Degree 11 103% costlier
International Relations and Affairs Bachelor's Degree 10 49% costlier
Music Performance, General Bachelor's Degree 9 76% costlier
Mathematics, General Bachelor's Degree 9 71% costlier
Computer Science Bachelor's Degree 9 67% costlier
Cognitive Science Bachelor's Degree 6 30% costlier
Political Science and Government, General Bachelor's Degree 6 68% costlier
Financial Mathematics Bachelor's Degree 6 32% costlier
Applied and Professional Ethics Bachelor's Degree 4 80% costlier
Cultural Resource Management and Policy Analysis Bachelor's Degree 4 44% costlier
English Language and Literature, General Bachelor's Degree 4 74% costlier
Computational Mathematics Bachelor's Degree 4 26% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 4 75% costlier
Music Theory and Composition Bachelor's Degree 4 50% costlier
Spanish Language and Literature Bachelor's Degree 4 63% costlier
Chinese Language and Literature Bachelor's Degree 4 30% costlier
History, Other Bachelor's Degree 3 58% costlier
Operations Management and Supervision Bachelor's Degree 3 115% costlier
Japanese Language and Literature Bachelor's Degree 3 34% costlier
Biometry/Biometrics Bachelor's Degree 3 25% costlier
Computer and Information Sciences, Other Bachelor's Degree 3 67% costlier
Stringed Instruments Bachelor's Degree 3 34% costlier
International/Global Studies Bachelor's Degree 3 60% costlier
French Language and Literature Bachelor's Degree 2 52% costlier
Music, Other Bachelor's Degree 2 60% costlier
History, General Bachelor's Degree 2 71% costlier
Philosophy Bachelor's Degree 2 55% costlier
Business Administration, Management and Operations, Other Bachelor's Degree 2 107% costlier
Mathematical Statistics and Probability Bachelor's Degree 1 6% costlier
German Language and Literature Bachelor's Degree 1 49% costlier
Biology/Biological Sciences, General Bachelor's Degree 1 73% costlier
Information Resources Management Bachelor's Degree 1 99% costlier
Digital Arts Bachelor's Degree 1 69% costlier
Actuarial Science Bachelor's Degree 1 66% costlier
Linguistics Bachelor's Degree 1 41% costlier
Logic Bachelor's Degree 1 1% costlier
Film/Cinema/Video Studies Bachelor's Degree 1 38% costlier
Ethnic, Cultural Minority, Gender, and Group Studies, Other Bachelor's Degree 1 43% costlier
Mathematics and Statistics, Other Bachelor's Degree 1 54% costlier
Romance Languages, Literatures, and Linguistics Bachelor's Degree 1 22% costlier
International Business/Trade/Commerce Bachelor's Degree 1 70% costlier
Management Information Systems and Services, Other Bachelor's Degree 1 92% costlier
Operations Research Bachelor's Degree 1 47% costlier
Theoretical and Mathematical Physics Bachelor's Degree 1 30% costlier
Mathematics, Other Bachelor's Degree 1 45% costlier
Multicultural Education Bachelor's Degree 1 27% costlier
Marketing/Marketing Management, General Bachelor's Degree 1 93% costlier
Rhetoric and Composition Bachelor's Degree 1 88% costlier


Use the calculators below to formulate a college savings plan for Carnegie Mellon University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Carnegie Mellon University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify 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.

Prepayment Option

About Carnegie Mellon University

Carnegie Mellon University is a four year private college located in Pittsburgh, Pennsylvania.  Full time enrollment is 12,254 and part time is 1,004. Learn more about getting accepted at Carnegie Mellon University at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Carnegie Mellon University
5000 Forbes Avenue
Pittsburgh, Pennsylvania

For Profit / Not For Profit Status

Carnegie 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.