Calculate the financial gap in scholarship funding for students, helping them understand their financial needs.
A scholarship gap occurs when the total cost of attending an educational institution exceeds the financial aid received by a student. This calculator helps students determine the financial shortfall they need to cover through other means.
The cost of education includes tuition fees, living expenses, books, and other miscellaneous expenses. Scholarships, grants, and other forms of financial aid can significantly reduce this burden. However, there often remains a gap that students must fill through loans, part-time jobs, or personal savings.
Using this calculator, students can input their total educational expenses and the amount of financial aid they've received to find out the scholarship gap. This information can help them plan financially and make informed decisions about their educational pursing.
| Total Educational Expenses | Financial Aid Received | Scholarship Gap |
|---|---|---|
| $20,000 | $15,000 | $5,000 |
| $30,000 | $20,000 | $10,000 |