Estimate the total value of scholarships and how much you still need to cover with loans or savings.
| Type | Average | Requirements |
|---|---|---|
| Federal Pell Grant | Up to $7,395 | Need-based (EFC/SAI) |
| Merit scholarship | $5,000-$30,000 | Academic achievement |
| Athletic scholarship | $10,000-$40,000 | D1/D2 athletic talent |
| Federal loans | $5,500-$12,500/yr | FAFSA completion |
Start in junior year of high school. Most deadlines are October-March. Apply to as many as possible β even small $500 scholarships add up.
Scholarships used for tuition and required fees are tax-free. Scholarship money used for room, board, or living expenses is taxable income.
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Open βEnter the total cost of attendance, expected family contribution, grants, and scholarship amounts. The calculator shows the remaining gap and loan estimates.
Financial Gap = Total Cost of Attendance β (Family Contribution + Grants + Scholarships). Loan Estimate = Gap Γ Number of Years. Interest accrues on unsubsidized loans during school.
Annual cost $45,000. Family contribution $15,000, grants $8,000, scholarships $12,000: Gap = $10,000/year. Over 4 years with 5% loans: total owed β $44,800.
Apply for scholarships aggressively β many go unclaimed. Local scholarships have fewer applicants. Negotiate financial aid if you get a better offer from another school. Subsidized loans are better than unsubsidized (no interest during school).