Are you looking for ways to show financial need in scholarship applications? You have come to the right place! Financial aid scholarships are types of scholarships that are paid for either by the government, educational institutes, or any grant. In this type of aid, students or applicants don’t have to pay any tuition fees or study expenses to relieve them of financial burden.
International studies can be costly besides the established prestige. There are many types of financial aid to compensate for a brilliant educational experience. These aids help students to continue their studies with dignity. For this purpose, a personal statement for financial aid is written by the applicant stating the reasons why they need financial assistance.
Important Types of Financial Aid
There are two types of financial aid scholarships given to students:
- Need-based aid
- Merit-based aid
There is a slight difference between these two types of scholarships. A need-based aid assesses the financial status and earnings of a student. If a student is unable to meet college expenses, then the committee will decide about the scholarship. A need-based aid can create a concession or provide relaxation to a certain percentage.
Merit-based scholarships are awarded on special academic abilities and talents. Both of these scholarships are allocated without any charges. However, a financial loan is another category that needs to be paid back after a certain time.
How to Write a Scholarship Essay for Financial Need?
An excellent financial need scholarship essay must be well-written to persuade the approval team. These statement letters are mostly required at the college and university level for monetary benefits. Here are some of the steps to consider in writing a killer financial need scholarship essay:
- First of all, read the scholarship guidelines correctly and check your eligibility. Follow the instructions and see the demands in the financial need statement for the scholarship application.
- Address the personal statement for financial aid to the specific chairperson or head of department. Write their name as this will add a more personal touch to your letter. Keep the tone respectful and courteous.
- The main body carries the purpose of your statement of financial aid. Write about the genuine reason, such as financial background and how difficult it is to continue your education. You can truthfully put your economic challenges by attesting documentation, which is also a requirement.
- For a killer financial need scholarship essay, you must incorporate it with your educational interest. This forms the basis for your financial aid approval. Be reasonable and describe your passion for a particular course or degree for which you are applying.
- Conclude the essay on the same reason ‘why I want a financial need’ and plead your case with grace. Be optimistic and show a positive attitude.
Application Tips for Showing Financial Need in Scholarships
Financial aid application can be a technical document to write, and hence, here are some scholarship application tips to help with:
- Be precise, and don’t present yourself as a victim. Claim this financial aid as a help.
- Build your case well around future goals and connect it with a financial aid scholarship.
- Add suitable documents that will strengthen your personal statement for financial aid.
- Include your academic record to prove your educational diligence.
- Keep a grateful tone that will present you as a dignified person.
Statement of Financial Need in Scholarship Essay Sample
You must be wondering how to write a financial need scholarship essay? Each educational institute has its way of opening applications for financial aid scholarships. Here is a statement of financial need essay sample to provide you with an idea for a scholarship essay about financial need.
“Dear Sir_______,
I am writing to ask for financial help to attend college. I have recently been accepted to study in the ___________ program __________. As the university’s department is the most esteemed in computer science, I am passionate about learning from the best. The university is also well-known for the career success of its students. I am very much enthusiastic about the professionalism it has to offer. Unfortunately, my family is unable to support my education to attend _______, so I am asking for your help with financial assistance.
I am writing to request partial or full financial support for my education. If you need additional information, please let me know. I hope you will give my request for financial support your most serious consideration. Thank you for your time.
Regards,
______________”
Conclusion
There are a number of scholarship opportunities for students of every degree level. One way to fulfill the dream of a prestigious study is a financial aid application. There are many institutes, funds, committees, and foundations which provide financial aid to students across the world. Each program has its limits, and students can avail the offer accordingly. The above guidelines must be considered while writing a financial need statement for a scholarship application. They will help provide scholarship application tips to increase your chances of success. Hopefully, with the guide above, including the example of statement of financial needs, tips to write financial needs essay, you would now know how to write a scholarship essay for financial need.
Written by: Hajra Imran
