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.
Below Average Value Nationwide
Carnegie Mellon University is ranked #2,080 out of 2,223 for value nationwide.
Based on our analysis of other colleges at similar price points, we believe Carnegie Mellon University is overpriced for the quality education it provides. (This takes into account average financial aid and may not apply to you if you have further scholarships, grant or aid provided to you.)
Prices of Institutions with Similar Quality Scores
| School | Total Price | Value Grade |
|---|
*Total price is determined by multiplying average annual cost by time to graduate.
We're Looking at a Total Cost of $241,369 for a Carnegie Mellon Degree
The Carnegie Mellon time to graduate is about 4.19 years and will cost an estimated $57,606 per year. This brings the total cost to 241,369.
| Amount | |
|---|---|
| Average Yearly Cost | $57,606 |
| Average Years to Graduate | 4.19 |
| Estimated Avg Total Cost of Degree | $241,369 |
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 | $320,263 | #0 | F |
| All Students | $241,369 | #2,080 | F |
| Only Students Receiving Aid | $165,572 | #1,099 | C |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $320,263 | # |
F |
| All Students | $241,369 | # |
F |
| Only Students Receiving Aid | $165,572 | # |
F |
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Pennsylvania.
About 60% of Carnegie Mellon students receive financial aid. Get more details on what Carnegie Mellon financial aid you may qualify for.
How to Finance The Gap
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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