Scholarship Calculator
Calculate how much of your college costs are covered by scholarships and financial aid. See the remaining gap.
How to Use the Scholarship Calculator
- Enter your annual tuition and room & board costs.
- Enter scholarship amount and any other financial aid.
- Click Calculate to see total costs, aid coverage, and the remaining gap.
Quick Reference
| From | To |
|---|---|
| $40,000 cost, $30,000 aid | $10,000 gap (75%) |
| $50,000 cost, $50,000 aid | $0 gap (100%) |
| $30,000 cost, $15,000 aid | $15,000 gap (50%) |
| $20,000 cost, $25,000 aid | $0 gap (100%+) |
Use Cases
- •Evaluating whether scholarships cover enough of the college cost.
- •Comparing financial aid packages between schools.
- •Planning for the gap between aid and total expenses.
Formula
Total cost = Tuition + Room & board. Gap = Total cost − (Scholarship + Other aid). Coverage = Aid / Cost × 100.
Frequently Asked Questions
What counts as 'other aid'?
Grants, work-study, tuition waivers, or any financial assistance that reduces your costs.
Does this include loans?
Only include aid that does not need to be repaid. Student loans are separate.
Is this calculator free?
Yes, all OhMyCalc tools are completely free.