Scholarship Need / Gap Calculator
Estimate the funding gap between your education costs and available resources. Plan your financial strategy by understanding how much additional funding you may need through scholarships, loans, or other sources.
Estimate Your Funding Gap
Enter your estimated costs and available resources to see how much additional funding you may need for your education.
Note: This calculator provides estimates for educational planning only. It is not financial advice. Consult your school's financial aid office for personalized guidance.
Understanding Education Funding & Financial Planning
Understanding Cost of Attendance (COA)
- •Direct Costs: Tuition, fees, room, and board that are billed directly by your school.
- •Indirect Costs: Books, supplies, transportation, and personal expenses that vary by student.
- •Annual Variation: Costs typically increase 2-5% per year, so plan for rising expenses.
- •Living Situation Impact: On-campus, off-campus, or at home significantly affects total cost.
Types of Financial Aid
- •Grants: Free money based on need (Pell Grant, state grants). No repayment required.
- •Scholarships: Merit-based or need-based awards from schools, organizations, or donors.
- •Work-Study: Part-time employment programs that help students earn while learning.
- •Loans: Borrowed money that must be repaid with interest. Federal loans often have better terms.
Strategies for Reducing Your Funding Gap
Making Smart Borrowing Decisions
Frequently Asked Questions
Important: This calculator is for educational planning purposes only. It does not constitute financial advice. Always consult with your school's financial aid office and consider speaking with a financial advisor for personalized guidance.
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