The SPC (Suggested Parental Contribution) Calculator in conjunction with the Estimated Award Amount Worksheet are available to assist you with your planning and budgeting needs. You can use these tools to 1) estimate what the famiy is expected to contribute to the college expenses of the student based on your current financial circumstances and 2) estimate the amount that may be awarded to you by the Families of Freedom Scholarship Fund.
Please note that changes to family income, school costs, additional financial aid received, number of family members attending school, or adjustments to the SPC calculations will result in changes to the SPC and/or estimated award amount. The final award amount will be determined after an official application has been submitted and reviewed by Scholarship America.
Step 1: Answer the questions below to determine the Suggested Parental Contribution (SPC)
Step 2: Print the Estimated Award Amount Worksheet (Document will open in a new tab or window.)
Step 3: Enter SPC value calculated in Step 1 on the SPC line of the Estimated Award Amount Worksheet
Step 4: Complete remainder of worksheet to determine estimated award amount
If applicant is a dependent child, the parent/guardian must provide this information for the application. If applicant is independent, he/she must provide the information. Adjusted gross income and federal income tax amounts should be from parents'/applicant's most recently filed US tax return.
For applicants outside of the United States, please call 877-862-0136 or email email@example.com for a separate financial data form to complete.
You may recalculate your SPC at any time. Select and change any numbers previously entered on this calculator, then click the Calculate SPC button to update the resulting calculated amount.
CLICK HERE FOR INSTRUCTIONS TO COMPLETE THE SPC CALCULATION BELOW (Document will open in a new tab or window.)
Do NOT use commas, symbols or decimal places (for example: enter 12000 not $12,000 or 12000.00 or 12K).
*The SPC value above is the estimated amount that the family is expected to contribute annually to the student’s education based on the information provided.
Award Amount Formula
The formula used to determine the award amount is as follows:
minus SPC (as calculated above)
minus Other Scholarship and Grants
Equals: Financial Need
Award Amount = Financial Need multiplied by % of need to be allocated for the year
The percentage of need to be paid for the 2014/15 academic year is 58%. The percentage fluctuates from year to year based on an annually conducted actuarial study.