Is Carnegie Mellon a Good School for the Money?
Carnegie Mellon University Value Report
What is a Carnegie Mellon degree worth? College Factual's value analysis compares Carnegie Mellon with other schools of similar quality to see if it's priced fairly.
Within Pennsylvania, Carnegie Mellon is a Great Quality for a Fair Price.
Carnegie Mellon University is ranked #3 out of #123 in Pennsylvania for quality and #53 out of #111 for Pennsylvania value.
This makes it a great quality for a fair price in the state.
Find out if Carnegie Mellon offers in-state tuition that you may qualify for.
Fair Value Nationwide
Carnegie Mellon University is ranked #779 out of 1,472 for value nationwide.
Carnegie Mellon University is a fair value according to College Factual's value analysis. It is priced appropriately based on the quality of the education provided.
Prices of Institutions with Similar Quality Scores
| School | Total Price | Value Grade |
|---|---|---|
| Davidson College | $164,912 | A- |
| College of the Holy Cross | $204,792 | C+ |
| Emory University | $211,052 | C+ |
| Bowdoin College | $215,489 | C |
| University of Michigan - Ann Arbor | $215,904 | C |
| Colgate University | $216,995 | C |
| Columbia University in the City of New York | $220,383 | C |
| Middlebury College | $223,056 | C |
| Wesleyan University | $224,016 | C |
| Wake Forest University | $230,753 | C |
| Carnegie Mellon University | $238,042 | C |
*Total price is determined by multiplying average annual cost by time to graduate.
That Degree May Cost You $238,042 in Total
The average Carnegie Mellon student's degree will cost an estimated $238,042. This is based on an average price (with and without aid) of $56,812 and a typical 4.19 years to graduate.
| Amount | |
|---|---|
| Average Yearly Cost | $56,812 |
| Average Years to Graduate | 4.19 |
| Estimated Avg Total Cost of Degree | $238,042 |
Many Factors Affect Net Price
There are many ways you can lower the cost of a college education. Consider taking advantage of in-state tuition, or shortening the length of your degree by taking summer classes. Learn more about Carnegie Mellon cost for other factors that may affect net price such as the financial aid you qualify for that is largely based on your family's income.
Does This School Make Financial Sense To You?
Net price can vary based on your unique situation.
Look at the table below to get a sense of how Carnegie Mellon value for your educational dollar might vary.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $312,117 | #733 | C |
| All Students | $238,042 | #779 | C |
| Only Students Receiving Aid | $169,661 | #583 | B- |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $312,117 | #52 | C |
| All Students | $238,042 | #53 | C |
| Only Students Receiving Aid | $169,661 | #36 | B |
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Pennsylvania.
About 59% of Carnegie Mellon students receive financial aid. Get more details on what Carnegie Mellon financial aid you may qualify for.
How to Calculate Value
College Factual calculates average total cost by multiplying net price by time to graduation. We then compare the average total cost to other schools of a similar quality to determine value. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.
Read the full Best for the Money Ranking Methodology.
References
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College Factual's Best for the Money Ranking Methodology.
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