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Financial Aid
Carnegie Mellon follows an aid-blind admission policy, which means we don't admit students based on their families' ability to pay for their education. Applying for financial aid will have no affect on your chances for admission. Our Title IV Number, 003242. What is financial need? Financial need is the difference between the amount you and your family can reasonably afford to pay for college expenses and the total cost of that education. How do we determine eligibility for financial aid? Eligibility for federal, state, Carnegie Mellon and most private aid programs is determined by using Federal Methodology, a formula established by Congress. How do we determine your expected family contribution? We use the information that you and your parent(s) provide on the Free Application for Federal Student Aid (FAFSA), the Carnegie Mellon Financial Aid Application and other documents to determine the amount you and your parent/s should contribute to your education at Carnegie Mellon. This value is called the Expected Family Contribution (EFC). The EFC is comprised of a parent contribution (PC) and a student contribution (SC). The calculation of PC and SC usually includes resources from income and assets as well as the family's ability to borrow. What is a financial aid package? Once we determine what you and your family can reasonably contribute to your college cost, we combine different types of financial support into a package. Our most typical financial aid packages include federal, state and institutional grants, loans and work-study. Are there payment plans available? Yes. Payment plans provide a way for you to divide the costs of tuition and room and board--less any grants and student loans--into manageable monthly installments instead of paying one lump sum. What about outside grants and scholarships? If you receive an outside scholarship (other than state or federal grants), your Carnegie Mellon grant will be reduced by one-half the value of your outside scholarship. The remaining half may be reduced from the loan or employment portions of your package. If your outside scholarships total more than $7000, there is a dollar-for-dollar reduction of your Carnegie Mellon scholarship in addition to the one-half reduction. In the case of federal and state grants that were not included in our original award, a dollar-for-dollar reduction to any need-based scholarship funds will occur. When do I know if I've received financial assistance? If you apply for financial assistance and you're admitted to the university, you'll receive a financial aid notification letter shortly after you receive your letter of admission. The financial aid letter will state the dollar value of any assistance you may be receiving from Carnegie Mellon. Do international students receive financial aid? Financial aid is not available to undergraduate international students. Undergraduate international students are also ineligible to participate in installment payment plans. The FAFSA (Free Application for Federal Student Aid) is now on the web. This is one of our requirements, and is required by the federal government to apply for financial aid. |
I was elected to be a Senator for Student Senate. We approve budgets for all campus organizations and review campus policies and concerns. It was a great way to meet the doers on campus as well as the administration. Through Student Senate, you can really take initiative, voice your concerns and create change! 
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