Carnegie Mellon University

Tuition & Financial Aid

We know that financing your education is a major concern. We also know that investing in your education will pay dividends!

Our recent Alumni Survey Report found that MSCF graduates are not only well compensated upon graduating from the program but report large increases in annual compensation from their first to their current jobs with nearly 20% earning more than $400,000 annually. So, is the cost of the MSCF degree worth it? We’d say yes! 

The university’s central HUB student services center and the Office of Financial Aid are here to support you in achieving your goal of enrolling in our top-ranked quantitative finance program. The HUB website provides a wealth of information on the graduate financial aid process. Still have questions? The Tepper School's HUB Liaison is available to assist you with the financial aid process.

In the meantime, we have compiled a number of resources that highlight some of your financing options.

Tuition, fees and suggested education-related expenses are available through The HUB, Carnegie Mellon’s Student Enrollment Services Office.

While all students admitted to the MSCF program are automatically reviewed for an MSCF Merit Fellowship, these awards are partial awards. Therefore, you may want to consider researching alternative external scholarship and fellowship options. The CMU Fellowships and Scholarships Office (FSO) has a number of resources to assist in conducting a search for external scholarship options. We have listed a few specific opportunities to consider:

Qualified U.S. citizens and permanent residents may be eligible for federal Direct student loans, including Unsubsidized and Grad Plus Loans. Information on the financial aid process and suggested timeline can be found on the Graduate Financial Aid Process website.

Private (non-federal) education loans also are also available to U.S. citizens and can help supplement federal loans. You can find private loan options by searching FASTChoice, a free loan comparison service.

There are private loan options that are available to non-U.S. citizens. While generally private education loans require non-U.S citizens to have a U.S. cosigner; given how successful MSCF graduates are in their careers, there are a few loan options available to qualified non-U.S. citizens without a cosigner!

We encourage you to review and understand your lending options by searching FASTChoice, a free loan comparison service. This service provides you with a list of lenders who have issued and disbursed loans to Carnegie Mellon and MSCF students in the past 5 years.

Since 2010, Carnegie Mellon University has been named a Military Friendly School by GIJobs.com. The CMU Registrar will support you in processing your Veteran Education Benefits. However, you will need to apply for your benefits through the Veterans Affairs Office.

These resources will help you to learn more about benefits options, eligibility and CMU’s Veterans Community:

All Carnegie Mellon students are eligible for a tuition payment plan, which allows monthly payments with no accrued interest charge. Students pay an enrollment fee for participation in the plan.  Check out the Monthly Payment Plan website for details on options and enrollment.