Scholarship Application Tracker Calculator
Scholarship deadline management and probability scoring.
Inputs
%
Results
Expected number of awards
2.6
Expected total award ($)$12,937.50
Probability of at least 1 (%)94.2%
Total hours invested75
Effective hourly rate ($)$172.50
Tuition covered (%)43.1%
Remaining tuition ($)$17,062.50
GPA-adjusted success rate (%)17.3%
Additional apps for 90% odds0
How to Use This Calculator
- Enter Scholarships to apply for, Average award amount ($), and Base success rate (%).
- Set Hours per application, Annual tuition ($), and Your GPA.
- Review the Expected number of awards result.
- Use Expected total award ($) ($) and Probability of at least 1 (%) (%) to inform your decision.
How the result changes with Your GPA
| Your GPA | Expected number of awards |
|---|---|
| 0.4 | 1.3 |
| 1.4 | 1.3 |
| 2.6 | 1.8 |
| 3.6 | 2.6 |
What each input means
- Scholarships to apply for
- Total number of scholarship applications you plan to submit.
- Average award amount ($)
- Average scholarship award value across your targets.
- Base success rate (%)
- Estimated acceptance rate for the scholarships (typical: 5-20%).
- Hours per application
- Average time to complete each scholarship application.
- Annual tuition ($)
- Your annual tuition cost for comparison.
- Your GPA
- Your current GPA (affects scholarship success probability).
What each result means
- Expected number of awards
- Statistically expected number of scholarships you will receive.
- Expected total award ($)
- Total expected scholarship money (adjusted for application quality).
- Probability of at least 1 (%)
- Probability that you will receive at least one scholarship.
- Total hours invested
- Total time spent on all applications.
- Effective hourly rate ($)
- Expected scholarship earnings per hour of application work.
- Tuition covered (%)
- Percentage of annual tuition covered by expected awards.
- Remaining tuition ($)
- Tuition still owed after expected scholarship awards.
- GPA-adjusted success rate (%)
- Your success rate adjusted for GPA strength.
- Additional apps for 90% odds
- Extra applications needed to reach a 90% chance of at least one award.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersScholarships to apply for = 15, Average award amount ($) = 5000, Base success rate (%) = 15, Hours per application = 5 = 6 input(s) provided
- Calculate Expected number of awardsExpected number of awards = scholarshipsApplied * (adjustedSuccessRate / 100)2.6 = 2.6
- Calculate Expected total awardExpected total award = expectedTotalAward * max(0.7, qualityFactor)12937.5 = $12,937.5
- Calculate Probability of at least 1Probability of at least 1 = probAtLeastOne * 10094.2 = 94.2%
Engine last updated .
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