Carnegie Mellon University

FINANCIAL CONSIDERATIONS:

Student Financial Obligations. It is expected that the scholars will satisfy all of their student financial obligations prior to entering the program. If a scholar has an outstanding student account balance prior to entering their fifth year, they will continue to adhere to the Student Financial Obligation Terms (https://www.cmu.edu/sfs/billing/sfo.html), and may be subject to interest charges and/or be placed on a financial hold.

Tuition and Fees. There is no tuition assessment for the Fifth Year Scholars program.  However, mandatory fees will be assessed according to the scholar’s registration.  Scholars will receive financial support to offset any mandatory fees assessed to the student account.

Federal Financial Aid Eligibility and Student Loan Status. Although scholars are considered full-time students during the fifth year regardless of date of certification, they may enter repayment on their student loans.  This is because a student’s degree shall be certified for the semester during which all remaining graduation requirements for their primary degree are completed. Scholars can request a loan forbearance which allows them to stop making payments or reduce their payments for up to 12 months while they are enrolled. In some instances, scholars may be eligible for a loan deferment. View more information about student loan repayment on the U.S. Department of Education’s website (https://studentaid.ed.gov/sa/repay-loans/deferment-forbearance).   Scholars will not be eligible for financial assistance or work-study positions on campus, although special arrangements might be possible with individual employers or departments.

Financial Support.  Support for living expenses of $7,000 per student will be provided through outside funds.  These funds will be distributed to the scholar in two equal installments of $3,500 at the beginning of the Fall and Spring semesters of their fifth year.

Course materials and other costs not covered by regular tuition and fees (for example, books, music studio courses for non-majors, design studio fees, course fees for Pittsburgh Filmmakers, laboratory fees, etc.) are not explicitly covered through the scholarship and are the responsibility of the scholar.  Prior to accepting the scholarship, candidates will complete the “Checklist” and will have the opportunity to formally request in writing additional support from the scholarship fund to cover these additional expenses.