Scholarship Value Calculator
What an award is really worth over a degree.
Enter your values
ⓘ Live results
Results
- Total value
- $27,252
- Direct award
- $20,000
- Interest avoided
- $7,252
- Monthly payment avoided
- $227.1
Quick answer
A scholarship's true value includes the loan interest you avoid by not borrowing that amount.
Value = award × years + interest avoided
How to use the Scholarship Value Calculator
- 1Enter the annual award amount.
- 2Enter how many years it renews.
- 3Enter the loan rate you would otherwise pay.
Worked example
Using the values the calculator loads with:
Inputs
- Award per year5000 $
- Years awarded4
- Loan rate avoided6.5 %
- Loan term10 yr
Results
- Total value$27,252
- Direct award$20,000
- Interest avoided$7,252
- Monthly payment avoided$227.1
Frequently asked questions
Why include interest?
Money you don't borrow is money you never pay interest on.
Are scholarships taxed?
Tuition-only awards are usually tax free; living stipends may not be.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.