Eligibility for federal aid programs is determined by using a Congressional formula called Federal Methodology. It uses your and/or your spouse’s total taxable and untaxed 2008 income, and current equity in assets which you were required to report on the FAFSA, and size of household and number enrolled in college at least half-time, to determine the amount you are expected to pay toward your education. This amount is called your Expected Family Contribution (EFC).
After we confirm your EFC, we calculate your financial need.
| Financial Need = |
Cost of Attendence - Minus - Expected Family Contribution |
Cost of Attendance is the expected dollar amount you will need to attend Carnegie Mellon for an academic year. Please refer to the Tuition & Fees webpage.
Using the cost of attendance, you can calculate your estimated loan eligibility. Cost of attendance will vary.
| Maximum Graduate Loan Eligibility |
Cost of Attendence - Minus - Untaxed Scholarships, Fellowships, Tuition/Fee Stipends Equals Your Stafford Loan Eligibility (Maximum is $20,500) *If you have unmet cost of attendance after completing the above calculations, you may wish to consider a Grad PLUS or alternative loan program. |
Once your Financial Aid package has been determined, you will be sent an e-mail notifying you that your 2009-2010 Financial Aid Eligibility status is available on Student Information On-Line (SIO).We recommend that you print and keep a copy of your letter (and any revised letters) for your records. After you receive your e-mail notification, go to SIO and sign in using your Andrew ID and password. Click on “Aid/Account” and then on “Financial Aid.” In the drop-down menu at the top of the page, select “Aidyr 2009-2010” and then click on “Award Notification.”
If we are unable to process your financial aid package due to missing documents, you will receive a "Financial Aid Alert" email from The HUB. If you receive this information, please remit all required documents by the date specified. If you do not complete the application process and submit all requested documents, we may be unable to complete your financial aid package for the academic year.