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Affording Your MMM Degree

Your education is one of the most valuable investments you will ever make. We can help you pay for it.

The question of how to finance your education is no doubt a factor in your decision to apply to graduate school, and where you choose to apply.

We are here to help you determine how much your master's program will cost, and give you strategies and options for how to pay for it.

Below, you will find detailed information on scholarships, awards, and loans to help offset the cost of your MMM education. If you have any questions about student finances, please contact the Office of Admissions via email at, or give us a call at 412-268-2164.

NOTE: Affiliation with more than one partner organization does not increase the total available scholarship award. Please note that students who are eligible for more than one of our scholarships with a guaranteed minimum may not be entitled to the minimum award amount for the second scholarship.

MMM Scholarship for the Promotion of Women in Leadership

Each year, Heinz College awards a full-tuition MMM Scholarship for the Promotion of Women in Leadership to an exceptional physician in the Master of Medical Management for Physicians (MMM) program’s incoming class.

In order to be eligible for this award, the physician’s primary employment at the time of admission, must meet one or more of the following criteria: 

  • federally qualified healthcare center
  • institution providing care for underserved populations
  • institution/clinic funded through local, state, or regional government and/or donations/grants

Selection will be based on the physician’s potential for excellence in the field of medical management. Preference will be given to physicians of any gender (i) who have demonstrated (within their admissions essay and/ or resume) interest and commitment to the promotion of women in leadership in medicine; and/ or (ii) who are active members of AMWA.   

The award will include a 100% tuition scholarship to the recipient. If the recipient is a member of American Medical Women’s Association (AMWA), they may also be eligible for additional support for travel and hotel expenses for MMM onsite sessions directly from AMWA.

For 2023, all admitted students will be considered for this award IF they indicate their interest by answering the relevant questions within the application for admission. Notification of the award will be made in mid-May (typically after the initial letter of admission has been issued).

American Association for Physician Leadership Tuition Discount

If you complete the American Association for Physician Leadership's Master's Program Prerequisite Coursework prior to enrollment, you are eligible for a $2,500 ($500 per semester) tuition discount.

American Medical Women's Association Tuition Discount

Current members of the American Medical Women's Association (AMWA) are eligible for a $2,000 ($400 per semester) tuition discount. No separate application is necessary to qualify for this award. To be considered, simply indicate your affiliation with AMWA within your application for admission to the MMM program. Eligibility for this scholarship is determined at the time of admission, based on membership status at the time of admission. 

PHYSICIAN Leadership CAREER NETWORK Tuition Discount

Physicians and healthcare clients who are registered members of Physician Leadership Career Network can earn a Master of Medical Management for Physicians degree for a discounted tuition of $400 off each semester – a total savings of $2,000. A career resource exclusively for physicians who want to elevate their leadership skills, PLC-Network offers membership to physicians at no cost.

U.S. Military Veterans Scholarship

U.S. military veterans who are not receiving 100 percent tuition benefits through the U.S. Department of Veterans Affairs are eligible to receive a scholarship of up to 30 percent of tuition costs. This scholarship benefit is available to the spouses and children of U.S. military veterans. Applicants should indicate their eligibility within their application for admission.

Students can be awarded additional scholarship support above and beyond this particular award by the Admissions Committee.

Other U.S. Military Veterans Benefits

U.S. Military veterans can learn more about available benefits on our Veterans Education Benefits page.

General Heinz College Scholarship information

If you are eligible for more than one scholarship from Heinz College, you may not be entitled to the minimum award for the second scholarship. Typically, scholarships or scholarship percentages offered by Heinz College are renewable for subsequent semesters of enrollment. However, any scholarship or fellowship offered may be reduced or rescinded for any of the following reasons:

  • Changing the academic program of study
  • A difference in the number of enrolled units originally used to calculate eligibility
  • Extending the normal program length
  • Deferment of offer of admission
  • Failure to make satisfactory academic progress
  • Financial aid overaward*

*Total scholarship from all sources generally may not exceed the cost of tuition and fees. Total financial aid from all sources may not exceed the total cost of attendance.

See CMU's Statement of Assurance.


As a Heinz College student, you may be eligible for federal direct loans or private education loans. For more information on the loans for which you may be eligible, including detailed instructions for filling out the Free Application for Federal Student Aid (FAFSA) form, please visit the Carnegie Mellon University Student Financial Services website.

NOTE: MMM Students are not eligible to borrow federal loans in the 3rd semester and in the 5th semester of the program based on the number of units they take in those periods of enrollment.  In the 3rd and 5th semesters, MMM students may consider alternative loan options that do not require half-time enrollment. 


Outside scholarships are any scholarships not awarded by the federal or state government or the university. Searching for outside scholarships can be a tedious process if you don't know where to start. Click here for information on Carnegie Mellon's website to help you get started on your search for external scholarship support.


Please see this page for the estimated costs of attendance for Master of Medical Management for Physicians (MMM) students before scholarships. All figures are estimates and are subject to change. Tuition and fees are assessed five times over the course of the program's duration.

  • Tuition charged on a per class basis and is reflective of expected tuition increases. Includes books and other reading materials.
  • Total cost includes mandatory university technology fee (charged each fall and spring semester).
  • Students completing American Association for Physician Leadership's Master's Program Prerequisite Coursework prior to enrollment are eligible for a $2,500 tuition discount. A $500 credit will be applied to fall, spring, summer, fall, and spring semesters.
Student raising hand in a classroom setting

Frequently Asked Questions

Didn't find what you were looking for? Check out our Financial Aid Frequently Asked Questions page for additional information on any of the topics or processes outlined above.