How CMU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Carnegie Mellon University since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,317, which is 52.11 % of all undergraduate students. 2,396 students which is 37.56% of undergraduate students received federal student loans and the average loan amount is $6,560.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,419 (58%)	$26,175	819 (14%)	$4,121	2,225 (38%)	$6,848
2014-15	3,182 (54%)	$28,530	764 (13%)	$4,377	2,146 (36%)	$7,207
2015-16	3,156 (52%)	$29,306	731 (12%)	$4,401	2,071 (34%)	$7,060
2016-17	3,283 (52%)	$31,238	766 (12%)	$4,514	2,433 (39%)	$7,500
2017-18	3,403 (52%)	$33,999	896 (14%)	$4,574	2,393 (37%)	$7,307
2018-19	3,350 (51%)	$36,919	952 (14%)	$4,836	2,511 (38%)	$5,939
2019-20	3,391 (51%)	$36,928	963 (15%)	$5,012	2,585 (39%)	$5,915
2020-21	3,359 (51%)	$39,371	984 (15%)	$5,193	2,524 (38%)	$5,835
2021-22	3,306 (48%)	$40,660	1,008 (15%)	$5,341	2,676 (39%)	$5,428
Average	3,317 (52.11%)	$33,681	876 (13.78%)	$4,708	2,396 (37.56%)	$6,560

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 791 (49.67 % of students) received grants or scholarships and its average amount is $36,554. It can cover 57.77% of tuition & fees ($63,274).

In addition, 604 (37.56 % of students) students get helped from the students loans (average amount : $7,049).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	763 (53%)	$28,322	517 (36%)	$7,880
2014-15	735 (50%)	$30,132	504 (34%)	$8,109
2015-16	788 (50%)	$30,614	544 (35%)	$8,011
2016-17	770 (50%)	$38,163	577 (37%)	$6,155
2017-18	833 (50%)	$39,213	588 (35%)	$6,401
2018-19	733 (47%)	$41,645	646 (41%)	$6,615
2019-20	790 (50%)	$37,506	649 (41%)	$6,601
2020-21	809 (50%)	$39,421	603 (37%)	$7,148
2021-22	896 (47%)	$43,966	804 (42%)	$6,525
Average	791 (49.67%)	$36,554	604 (37.56%)	$7,049

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 222 (13.78 % of students) received Pell (federal) grants and its average amount is $4,804.

In addition, 37 students received State/local government grants/scholarships (2.33 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	195 (14%)	$4,221	174 (12%)	$2,991	44 (3%)	$3,315	759 (53%)	$26,509
2014-15	169 (11%)	$4,469	159 (11%)	$2,983	42 (3%)	$2,302	732 (50%)	$28,443
2015-16	178 (11%)	$4,646	173 (11%)	$2,998	35 (2%)	$3,006	788 (50%)	$28,773
2016-17	216 (14%)	$4,763	200 (13%)	$2,993	38 (2%)	$3,325	768 (49%)	$35,978
2017-18	247 (15%)	$4,640	187 (11%)	$2,996	34 (2%)	$3,013	828 (49%)	$37,266
2018-19	252 (16%)	$4,990	185 (12%)	$2,992	30 (2%)	$2,700	730 (46%)	$39,224
2019-20	223 (14%)	$5,099	163 (10%)	$2,982	28 (2%)	$2,755	788 (50%)	$35,443
2020-21	231 (14%)	$5,234	171 (10%)	$2,476	25 (2%)	$3,248	806 (49%)	$37,442
2021-22	286 (15%)	$5,176	250 (13%)	$2,727	58 (3%)	$3,212	896 (47%)	$41,345
Average	222 (13.78%)	$4,804	185 (11.44%)	$2,904	37 (2.33%)	$2,986	788 (49.22%)	$34,491

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 604 (37.56 % of students) get any students loan help and its average loan amount is $604.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	517 (36%)	$7,880	516 (36%)	$5,620	56 (4%)	$20,970
2014-15	504 (34%)	$8,109	496 (34%)	$6,206	45 (3%)	$22,416
2015-16	544 (35%)	$8,011	544 (35%)	$6,196	50 (3%)	$19,746
2016-17	577 (37%)	$6,155	559 (36%)	$3,951	55 (4%)	$24,418
2017-18	588 (35%)	$6,401	582 (35%)	$4,008	63 (4%)	$22,723
2018-19	646 (41%)	$6,615	639 (41%)	$4,535	62 (4%)	$22,185
2019-20	649 (41%)	$6,601	637 (40%)	$4,654	53 (3%)	$24,895
2020-21	603 (37%)	$7,148	599 (37%)	$4,672	52 (3%)	$29,079
2021-22	804 (42%)	$6,525	796 (42%)	$3,920	65 (3%)	$32,700
Average	604 (37.56%)	$7,049	596 (37.33%)	$4,862	56 (3.44%)	$24,348

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Scholarships, Grants, and Loan Trends at CMU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time