Scholarship Utilisation Rate
Percentage of allocated scholarship funding that is awarded and taken up by eligible students
What is Scholarship Utilisation Rate?
Scholarship utilisation rate is the percentage of the scholarship budget that was awarded and accepted. It shows how fully scholarship funds are used.
Unused scholarship money means opportunities missed for students, so a high rate shows the scheme is reaching those it was meant for.
How this KPI is measured
- Function
- Finance
- Sub-function
- Funding & Scholarships
- Industry
- Education
- Type
- Lagging
- Impact
- Financial control
- Unit
- %
- Measurement frequency
- Annual
- Formula
- (Scholarship funds awarded and accepted / Total scholarship budget) × 100
How to calculate it
Divide scholarship funds awarded and accepted by the total scholarship budget, and multiply by 100.
For example, if 800,000 of a 1,000,000 budget was awarded and accepted, utilisation is 80%.
Also look at the reach of the scheme and the reasons awards are declined.
Where it is used
Managing the scheme
Ensure money is used.
Improving access
Reach eligible students.
Reporting to donors
Show impact.
How to improve it
Tips and common mistakes
- Fair and open selection matters.
- Track who applies and who receives awards.
- Follow donor conditions.
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