About the Scholarship Savings Calculator
What is the Scholarship Savings Calculator?
A scholarship can cut education costs sharply. This calculator adds up the scholarship over the course, allowing for yearly fee increases.
It shows the total fees, what you still pay and what share the scholarship covers.
How to use the Scholarship Savings Calculator
- Annual Fee (₹) (sample: 1,80,000)
- Scholarship per Year (₹) (sample: 60,000)
- Course Years (sample: 4)
- Yearly Fee Increase (%) (sample: 8)
- Press Calculate Scholarship Savings (results also refresh as you type). The result card shows the Total Scholarship Savings, along with Total fees over the course, Fees you pay, Share covered by the scholarship and Tip.
Formula used
Savings = Σ min(Fee in year t, Scholarship per year)
- Fee in year t = first-year fee × (1 + fee increase)ᵗ
Fixed-amount scholarships cover a smaller share each year as fees rise.
Worked example
These are the sample values already filled in the calculator above, and the result it returns for them:
| Input | Sample value |
|---|---|
| Annual Fee (₹) | 1,80,000 |
| Scholarship per Year (₹) | 60,000 |
| Course Years | 4 |
| Yearly Fee Increase (%) | 8 |
| Result | Value |
|---|---|
| Total Scholarship Savings | ₹2,40,000 |
| Total fees over the course | ₹8,11,100 |
| Fees you pay | ₹5,71,100 |
| Share covered by the scholarship | 29.6% |
| Tip | Check renewal conditions – many scholarships need a minimum yearly score |
Tips for using the Scholarship Savings Calculator
- Search the National Scholarship Portal for central and state schemes.
- Renewal often depends on marks and attendance – track the conditions.