Carnegie Mellon Financing Plan
Apply for All Financial Aid
Be sure to apply for any available scholarships and grants since they do not require repayment. Once
your financial aid package has been determined, either the Office of Admission or Enrollment Services
will provide you with a financial aid award letter. This letter contains important information and
instructions regarding your financial aid package. Please remember, if you are an International Student,
you will not be eligible for any Federal or State grants or loan programs.
The balance remaining after subtracting any financial aid awarded to you can be addressed in several
ways. You may wish to pay in full or via a 10-month payment plan when you receive your Fall Invoice. If
not, various resources are available to assist you in financing your educational expenses. We
recommend that you consider your options in the following order so that you may determine which
resource or combination of resources best suits your needs.
1. Federal Direct Loan - For financial aid applicants, this is the cornerstone of any borrowing that
takes place at Carnegie Mellon. The Direct Loan is a low-interest student loan with very
favorable repayment terms.
2. The Carnegie Mellon Tuition Payment Plan - You may wish to consider the Carnegie Mellon
Tuition Payment Plan administered by Tuition Management Systems. There is no interest
charged on the plan. The payment plan allows you to spread your balance over 10 months for a