Scholarship Value Calculator
What an award is really worth over a degree.
Enter your values
Results update instantly as you type — no submit needed.
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.
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.