Scholarship Calculator

Calculate how much tuition your scholarship covers and remaining out-of-pocket costs.

Scholarship Calculator

Calculate how much tuition your scholarship covers and remaining out-of-pocket costs.

Formula
Remaining = Total Tuition - Scholarship Amount
What is This Tool?

The scholarship calculator helps you understand the financial impact of scholarship awards on your total education cost. It computes your remaining out-of-pocket expense per year, the total savings over your degree program, and the percentage of tuition covered.

Formula
Annual Out-of-Pocket = Tuition - Scholarship Total Savings = Scholarship x Years Coverage % = (Scholarship / Tuition) x 100
Worked Examples

1. Partial scholarship

Given: Tuition: $40,000/year, Scholarship: $15,000/year, 4 years

Annual out-of-pocket = $40,000 - $15,000 = $25,000

Total savings = $15,000 x 4 = $60,000

Coverage = 37.5%

Result: $25,000/year out-of-pocket, $60,000 saved

2. Full-ride scholarship

Given: Tuition: $35,000/year, Scholarship: $35,000/year, 4 years

Annual out-of-pocket = $0

Total savings = $140,000

Coverage = 100%

Result: Full coverage, $140,000 saved

Frequently Asked Questions