New easy-to-use Edvisors tool is designed to help students & families make informed decisions about how to plan & pay for higher education—complementing school resources
Edvisors, a leading source of expert information on college financial aid, announces the rollout of its new online Financial Aid Gap Calculator. This easy-to-use calculator helps students and their families understand how much they may still need to cover the cost of attending college, after accounting for financial aid and other funding sources.
Students and parents can use the tool to create estimates or input their actual financial aid from their award package (award letter) from schools into the Financial Aid Gap Calculator after logging into their Edvisors dashboard. Once the student inputs their school, the calculator will automatically provide a breakdown estimate of the annual cost of attendance—which considers in-state vs. out-of-state tuition, as well as on-campus and off-campus living expenses.
The Financial Aid Gap Calculator is prepopulated by Edvisors to help students get started, but every field—such as tuition and fees, books and supplies, personal expenses, room and board, and other expenses—can be fully customized. Users can edit or add information as needed in accordance with their specific financial circumstances.
“Students may have trouble understanding their financial aid package from schools—and we have developed a simple tool to give the deciphering power back to students and their families,” said John Falb, CEO at Edvisors. “The Financial Aid Gap Calculator breaks down tuition, scholarships, grants, and loans, to help identify if there is a financial aid gap, so no one is caught off guard before the start of the term.”
Users can also return to the Financial Aid Gap Calculator at every point in their college journey to obtain a clear picture of their expenses and funding as financial circumstances change.
