The Gap Analysis Calculator helps estimate how much money your education will cost you after the federal aid dollar amount has been subtracted from your total cost of college.
To complete the Gap Analysis calculations, you may need your award package from your school. Use this information and the gap calculator to determine the true cost of attending your school. The Expected Family Contribution, by contrast, is only an estimation by the federal government of what your family is expected to contribute. However, this may not reflect the amount that your family can realistically afford.
If you do not have your final award package, you can use your expected scholarship, loan and savings amounts to estimate your total aid. To give you an idea of the average loan size, a recent report from The College Board estimated the average Subsidized Federal Stafford Loan to be in the range of $3,500, while the average Unsubsidized Federal Stafford Loan is about $4,000. The typical Federal PLUS Loan is estimated to be about $6,500.