Calculate how much scholarships and grants reduce your college costs
Scholarship savings represent the total reduction in college costs from merit-based, need-based, and other financial aid awards, helping students understand their true out-of-pocket expenses.
$140,000
Total Cost (4yr)
$52,000
Total Aid
$88,000
Remaining Cost
37.1%
Coverage
| Type | Annual Tuition |
|---|---|
| Public In-State | $10,662 |
| Public Out-of-State | $23,630 |
| Private Non-Profit | $42,162 |
| Community College | $3,900 |
| Ivy League (avg) | $62,000 |
Formula
Remaining Cost = (Annual Tuition × Years) − Σ(Scholarship Amounts)Annual Tuition = yearly cost of tuition, fees, and required expenses
Years = number of years to complete the degree
Scholarship Amount = annual or one-time financial aid award
Worked Example
$35,000/yr tuition with $13,000/yr in aid
Did you know? Americans collectively hold over $1.77 trillion in student loan debt. Students who actively seek scholarships spend an average of 7 hours per scholarship application but earn the equivalent of $100–$500 per hour in free aid.
Sources
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