Carnegie Mellon University

Master of Science in Machine Learning Financial Information

Cost of Study


Tuition

Tuition rates are stated as Fall/Spring per-semester tuition. New students should factor in an approximately 5% increase per year into any budget computation.

Rates for 2017/2018 Per Semester Per Year*
Tuition $23,500 $47,000
Technology Fee $205 $410
Activities Fee $107 $214
Transportation Fee $105 $210

*There is no tuition or fees in the summer semester for a Machine Learning MS student who is only completing their practicum. The practicum may be paid, with income determined by the company offering the internship. Students should contact the Master's Programs Coordinator about the tuition implications of taking summer classes or conducting the practicum outside the summer semester.

The full-time tuition rate is charged to students taking 36 or more units in a semester.

Students taking less than 36 units per semester are considered part-time and are charged per-unit at a proportional rate. The current per-unit rate is $653/unit, and courses are typically 12 units.

Cost of Living

Estimated Living Expenses for 2017/2018
Living & Miscellaneous Expenses $19,845
Health Insurance
(Actual cost may vary, depends on individual choice)
  $1,979
Books/Supplies   $2,212

Students of the MS in Machine Learning program must also provide their own laptop computer.

Financial Aid

The Machine Learning Department does not provide financial aid.

Many organizations award external scholarships for Carnegie Mellon students. U.S. Citizens may also finance the cost of education through government-secured Stafford Loans.

All applicants may be interested in the Fellowships and Scholarships Office, with international applicants being particularly interested in its Non-US Citizens & International Students Resources.

Students may be able to work for the university in some capacity. Employment is generally available only to students already on campus. Teaching assistantships are sometimes available to students. Generally, these assistantships are available in the Spring semester only, and cover only a small part of the cost of tuition. Working while in the program ususally extends the time required to complete the degree. (5th-Year MS students should note that they are expected to study full-time.)

Some students are able to pay their tuition in full. This method is the most cost effective from a longterm point of view.

For more information on graduate student financial aid, please visit the Financial Aid Website.