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What is a Statement of Financial Need?

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❶These assets are also divided into "current" and "long-term" categories. Include enough details to be thoughtful and complete, but avoid being long-winded.

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Tell how you have paid some of your tuition yourself through your own efforts. Avoid details about paying for expenses other than education, such as car loans, as this is irrelevant.

However, I am seeking aid for the portion of the tuition I cannot cover on my own. Describe how you would benefit from the financial aid. Explain how you will make good use of the financial aid you receive. Benefits might include being able to concentrate more on studying instead of working. The financial aid may allow you to take advantage of an unpaid internship.

It may even make the difference between graduating or having to drop out. I would continue to work on the weekends to cover my living expenses, but I would be able to keep the weekdays free to focus solely on my school work. Write a closing statement. Use a professional and polite tone. Avoid begging or being highly emotional. Awarding financial aid is a responsibility that schools take very seriously. Recognize this with a concise conclusion that thanks the committee for their time.

I look forward to discussing my opportunities with you. Develop a thesis statement. Outline your academic and career goals. Indicate the main categories you will address in your statement. Describe how your academic record, work experience and community service have lead you towards your goals. My long-term goal is to work as an ESL teacher in an inner city environment. My academic, work and personal experiences have lead me to this career goal.

Describe your academic record. State that you have taken challenging courses. Mention that you have an excellent academic record. Note any skills or special knowledge you have acquired. Describe any special projects or research in which you have participated. Include information about tutoring or teaching.

I had a double major of Elementary Education and Spanish, with a minor in Sociology. I applied for and received a prestigious internship working with the state government on developing educational policies. Communicate your leadership skills. Describe how your work experience has taught you how to interact with a variety of different people. Affirm your understanding of your strengths. State how your educational experiences have taught you to overcome obstacles and face challenges.

Describe how life experiences have motivated you to continue your education and given you a clear vision of your future. I did not speak any English when we arrived.

The ESL teachers in my school helped me to be successful in school, and I want to do the same for other students in my circumstances. Explain your community service history. Emphasize active participation in clubs, organizations, or civic associations. Describe volunteer work you have done. Explain how you chose your community service projects. State how long your involvement was.

Tell about your travels and how they have impacted you. Express how your interactions with others have engendered a passion for what you do. They service migrant workers who come here from Mexico to work on mushroom farms. We not only link families with community services, but we also tutor children in English and help them learn important school skills that will allow them to be successful in school.

Illustrate how your past experience has imparted qualities that the scholarship committee will value. Describe the qualities you have developed as a result of your academic, work and community service experience. For example, your academic experience may have given you motivation, knowledge of your current field and an attention to detail. In this introductory paragraph, you give the financial aid committee a picture of who you are. Let them know you are not ignoring other sources of help.

Tell the committee if you are working to help pay college expenses. Detail what steps you have already taken to pay for your education, such as Savings Plan. This gives the scholarship committee a starting point from which to understand your financial situation. This is the place to talk about any changes that have occurred in your life that impact your ability to pay for your education. In this area, you can also provide information to show that you handle funds responsibly.

For instance, have you already paid for a semester, or a year, by your own efforts? You may not know what will be needed at the time, so it's important to mention that you will work to provide the proof that they need to make a decision. In the end, your financial aid office should be willing to work with you. Just be honest, humble, and clear in your financial aid appeal letter about what went wrong and why you'd like the financial aid office to give it a second look. Have more questions about writing a financial aid appeal letter?

SALT's neutral advice, practical information, and interactive lessons help students gain money knowledge for college and beyond. Tap here to turn on desktop notifications to get the news sent straight to you.

Here are a couple examples: A change in family income: Let's say one of your parents lost their job. You don't have to wait until the next financial aid application to request that your current financial aid reflect this new change in income.

You can write an appeal letter during the semester to request a re-evaluation of your financial aid. So, you didn't have a very good semester, and your financial aid has drastically changed due to your GPA falling below a certain threshold. Why did you perform poorly?


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