What does this tool do?
A funding gap is the part of a programme cost that scholarships, grants and savings do not cover. This calculator totals the cost across the programme and turns the remaining amount into a monthly saving target.
The Formula
Gap = (Annual cost − Annual aid) × Years − Current savingsFrequently Asked Questions
Should student loans count as funding?
This calculator treats scholarships, grants and savings as funding, so loans are not included. You can add expected loan amounts to savings if you want to see the gap after borrowing.
What if my scholarship renews at a different amount?
Use the average annual amount or recalculate year by year. Renewal often depends on maintaining a minimum GPA or course load.