Funding Options-Student Financial Aid - Carnegie Mellon University

Funding Options

Scholarships, Grants & Fellowships

Scholarships are awards that do not have to be repaid. Graduate departments typically award grant or scholarship funds to students at the time of admission. For information on the availability of scholarships, grants, stipends, assistantships and fellowships, graduate students are encouraged to contact their academic department.

Federal Direct Loans

Many graduate students choose to borrow federal loans to help meet the cost of attendance. If a graduate student chooses to borrow federal loans, we have two programs available: 

  • Federal Direct Unsubsidized Loan
  • Federal Direct Graduate PLUS Loan

Private Loans

Graduate students may also choose a private loan option if they need to borrow more than the federal direct loans provide. Students who include a creditworthy co-signer often qualify for better interest rates.

Students should carefully review and compare the interest rates, fees, and repayment terms of all student loan products to determine which are best suited to their needs.

Fellowships and Scholarships Office (FSO)

The Fellowships and Scholarships Office provides support to Carnegie Mellon graduate students who are interested in pursuing certain external scholarships (Fulbright and the UK Awards). The office works with students to help them develop competitive applications, identifies and supports faculty and staff representatives for a select number of prestigious scholarships and fellowships, maintains a website of external scholarship and fellowship opportunities, and manages campus selection processes.