How To Get a Scholarship

Scholarship Essay Examples Financial Need

Scholarship essay examples financial need are among the essential document examples that every student aspiring to obtain financial support should see. That is because the number of students aiming to get financial aid is much bigger than what scholarship providers can help, so they need to know what they should say and how open-and-shut, or specific they should be. 

In this article, we will not only provide you with several scholarship essay examples financial need, but will also explain how to write a fantastic financial need scholarship essay (financial need scholarship statement).

Content

  • What is the Difference Between a Scholarship with Essay and a No Essay Scholarship?
  • What to Mention in My Financial Need Scholarship Essay
  • Template to Structure Financial Need Scholarship Statement
    • Introduction
      • Scholarship essay examples financial need | Introduction
    • Body
      • Scholarship essay examples financial need | Body
    • Conclusion
      • Scholarship essay examples financial need | Conclusion
  • Tips to Make Your Financial Need Scholarship Statement Successful
  • Common Mistakes in Financial Need Scholarship Essay
  • Scholarship Essay Examples Financial Need | Text
  • Scholarship Essay Examples Financial Need | Images
  • Financial Need Scholarship Essay FAQ
  • Conclusion

What is the Difference Between a Scholarship with Essay and a No Essay Scholarship?

Scholarships with essays are the most traditional and common form of scholarships available to students pursuing higher education.

No essay scholarships often take less work, but because there are more applicants than with scholarships with essays, your chances of winning are lower.

Many bursaries and college financial aid grants are “need-based,” meaning they are awarded to students whose financial circumstances call for extra assistance. A statement of financial need is one of the most popular essays for college scholarships because of this.

What to Mention in My Financial Need Scholarship Essay

What to mention in your financial need scholarship essay basically depends on what you are asked to

The providers of scholarships with essays will always want to know about your family’s financial situation, including how much money your family makes overall if you individually contribute to it (do you have a job?, and how much more money you will need to attend your chosen institution (your “financial gap”).

If the topic of financial need scholarship essay is a little more open-ended, such as “Express how this scholarship might benefit you,” your essay should be a hybrid of a financial need statement and an essay about your academic and/or professional objectives. This is because you want to demonstrate how the award will benefit your financial situation as well as your academic or professional objectives. Anyway, you can read our scholarship essay examples financial need for a deeper understanding of this point.

When writing a scholarship essay for financial need make sure to mention the following:

  • If you belong to a group that is underrepresented at college, such as an ethnic minority, or are the first person in your family to attend college,
  • Any pertinent family circumstances, such as if your parents are refugees or immigrants, in addition to your parents’ work and the number of children/family members they financially support.
  • How you are paying for your college, including any financial contributions you are making on your own (such as working student jobs).
  • How much financial hardship your family is experiencing, for example, if a parent just lost their job?

If you still have some difficulties knowing what to include, don’t worry. Scholarship essay examples financial need will make it more clear.

Template to Structure Financial Need Scholarship Statement

A financial need scholarship essay contains the following parts:

1- Introduction

Briefly introduce yourself, emphasizing any familial characteristics that would cause you to belong to an underrepresented group in college.

Scholarship essay examples financial need | Introduction

  1. I am an American of the first generation and the 1st in my family to attend college. When I was six years old, my family fled the violence in El Salvador and moved to New York.
  2. My family is from the working class in Minnesota. We never had much, but we worked together to put food on the table. My brothers and I all had weekend jobs to help support the family while my parents both worked full-time (my father worked as a mechanic while my mother worked as a receptionist at a nearby gym).

2-Body

The body of your financial need scholarship essay must include your financial constraints and difficulties

Here is the right place to dive into details. What current plans do you have to pay for college? The purpose of this is to demonstrate that, despite your best efforts and those of your family, you have been unable to make enough money to cover your tuition.

Provide information about your parents’ jobs, any savings (such as a 529 College Savings Account), as well as any student jobs. You could also talk about any unexpected circumstances that have derailed your initial financial objectives, such as a parent becoming extremely ill or losing their job.

Scholarship essay examples financial need | Body:

My parents had to take low-paying jobs because they are immigrants with poor English skills. My mother works as a housekeeper, while my father works as an Uber driver. They barely make enough money to cover our rent and buy food, so I’ve always known they couldn’t help me pay for my education.

I have thus made effort to earn and save my own money. I’ve done odd jobs (such as mowing my neighbors’ lawns) since I was 11 years old. I began working at a supermarket after school and on weekends when I was 15 years old. I’ve saved approximately $3000 throughout the duration of all these jobs. Yet even with my grants for financial assistance, I must spend an additional $8000 per year to attend college.

3- Conclusion

In this part of the financial need scholarship statement students usually mention how these scholarships with essays would help them in the long run.

Make it clearer by concluding your narrative. Explain how you intend to use the financial assistance if you win this scholarship. What advantages do you expect from this award? What will you spend the money on, and how will it aid you in achieving your academic and/or professional objectives?

Review boards for scholarships with essays want to ensure that their funds will be used wisely, supporting a student who has specific future goals and the will and tenacity to pursue those goals. This is comparable to a condensed, one-paragraph version of the essay “Why do you deserve this bursary?”

Scholarship essay examples financial need | conclusion

  1. I would take on less student debts and be able to cover the financial gap if I won the $5000 award. As I intend to study social work and eventually work in a position that supports my community, this is extremely important for me. Yet, paying off substantial college loans would be challenging due to how low-paying these jobs are. your bursary would enable me to continue on this road and eventually serve my community without incurring debt that I can’t afford.
  2. I want to study human biology at UC San Diego, where I’ve been accepted, and then I want to become a nurse practitioner. I am aware that becoming a pre-med student would be a significant academic challenge, and this award would allow me to concentrate on my coursework rather than my financial situation.
    The $2000 grant is equal to around 150 hours of student job working. I can now devote 150 of those hours to studying, obtaining my degree, and working toward my objectives.

Conclude in a short and Respectful Tone.

Be careful not to beg for money when writing a scholarship essay. Eliminate emotionalism. Maintain a formal and courteous tone. Financial assistance and bursaries are not inherent rights but privileges. However, the opportunities that they provide to students are priceless.

Example: Thank you for giving my application some consideration. Looking forward to talking with you about my opportunities with you. 

It is a great responsibility for institutions and funding sources to decide who should get prizes. One of the tools they use is a financial need scholarship essay. So, students must make it as “sharp” as possible.

Scholarship essay financial need

Common Mistakes in Financial Need Scholarship Essay

There are a number of significant mistakes that you might make while writing a scholarship essay.

  • Whining. Don’t talk about how poor you are, how much you need money, or how difficult it is to support your elderly parents or a brother who is disabled.
    Everyone can experience this, but complaining about it in a strong financial need scholarship essay is not appropriate. Demonstrate that you have instead learned how to go over the difficulties.
  • Non-challenging challenge. Everyone has certain hardships and particular experiences. Ensure the reader will find your hardships interesting when you discuss them.
  • Trying to sound philosophical. Avoid attempting to sound philosophical. Some students will engage in this behavior in an effort to appear more intelligent, although this seldom happens.
    When writing a scholarship essay, just concentrate on crafting great content and proofreading it. That alone demonstrates sufficient intelligence.
  • Despising other candidates. Respect the suffering of others. Even if these are essay scholarship contests, you shouldn’t despise your opponents. Indeed, it would be preferable to say, “I realize there are many deserving applicants for this scholarship, but…” rather than, “I have endured far more than…” Be respectful in all of your writing.
  • Very general essays. In certain circumstances, you need to submit many financial need essays to be considered for a variety of funding opportunities. That is OK, however, each program requires a different financial needs essay. Don’t create a general essay with several sponsoring organizations’ names on it.

Checking scholarship essay examples financial need can help you avoid making a lot of mistakes.

Tips to Make financial Need Scholarship Statement Successful

You need to follow these tips when writing a scholarship essay:

  • Be organized. Provide a logical framework for your financial need scholarship essay Create an outline that allows you to organize your categories and ideas. Get advice from others on what to include. Ask for input from parents, teachers, as well as other people you trust. Avoid being wordy yet still including just enough information to be thorough and meaningful.
  • Begin early. Don’t put off writing a scholarship essay until the last minute. It could be your ideal opportunity to explain why you should be eligible for financial help or a scholarship. It is a crucial document that distinguishes you from other applicants.
    Give it enough thought to perfectly reflect who you are, showcase your writing skills, and highlight your accomplishments.
  • Be reflective and personal. Inform the readers of your financial need scholarship statement about yourself.
    Provide them with the information you want them to know about you. Tell them about your family, your experiences in the past, and how those things inspired you to continue your education. Describe how your experiences in both your academic and professional life have helped you learn about your field. Explain the personal events that have aided in your goal-setting.
  • Be genuine. Write about yourself and the things that truly matter to you. Avoid attempting to write what you believe the audience wants to read. If you’re not being truthful, the admissions committee will immediately notice. Since they have read so many scholarship essays, they are able to tell sincerity from lying. Be sincere about your financial condition. Your ability to get financial aid in the future may be impacted by any inaccurate or misleading information. Demonstrate your actual aspirations, achievements, and strengths.
  • Steer clear of humor and cliches. Keep in mind that the readers of the financial need scholarship essay do not know you. It’s better to refrain from using humor in this essay since they might not get it. To make the application essay more convincing and specific, stay away from clichés.
    Give specific information about yourself and your experience rather than claiming to be a”jack of all trades” or a “people person”.
  • Check scholarship essay examples financial need: Checking scholarship essay examples financial need can make writing an essay scholarship more professional, as it is a good opportunity to benefit from others’ expertise.
  • Provide detailed examples. Provide concrete examples to support any broad claims you make about yourself. For example, if you say that you are at ease among individuals from various backgrounds, include details to Reinforce your claim.
    Maybe you’ve tutored English as a Second Language, or you grew up in a military household and moved around a lot.
    Provide specific examples of your leadership and motivation. Describe how you plan to use your education to achieve your goals.
  • Allocate time for revisions. You need to keep in mind that a financial need scholarship statement should go through several drafts.
    Solicit the opinions of others. Show it, for instance, to campus people like professors, advisors, peers, as well as teaching assistants.
    Clarity and content should be revised.
    Double-check your punctuation, grammar, as well as spelling. Making scholarship essay examples about yourself can also be beneficial.
  • Show enthusiasm: Remember to show optimism when writing a scholarship essay. Even though sharing your financial situation is not the most positive thing, writing about how these difficulties have given you grit and resilience enables you to turn it around in a positive way.

For the above-mentioned tips, we will give you scholarship essay examples financial need as a text and as an image.

Scholarship Essay Examples Financial Need | Text

Example of Financial Need Scholarship Essay | 1

[Heading (with date & address)]

September 2, 2023
Mr. Name
Financial Aid Committee 9498
Name of the University, CA 90013

[Formal address (use “Sir” or “Madam” if unknown)]

Dear Mr. Smith.

[Who you are]

My name is Garry Adams. I’m a sophomore pursuing a psychology bachelor’s degree.

[Reasons you require financial assistance]

Since I have no family to help me pay for my education and am unable to work full-time while putting my academics first and keeping decent marks, I need financial assistance.

[Your background]

After my parents died in a catastrophic automobile accident when I was a little child, I spent my whole childhood in the foster care system. The foster parents I had over the years were loving and considerate, but they weren’t really supportive of higher education since they believed it made more sense to enter the profession straight immediately. Yet I had bigger goals for myself.

[Your academic record]

I graduated with a GPA of 3.8 with the goal of earning a degree rather than being limited to entry-level positions.

[Your current financial condition (and explanation of your need for financial assistance )]

I work as a waiter six evenings a week as a part-time job, but I just make enough to pay my bills. I am able to cover a small portion of the tuition for the following year, but I am unable to cover the entire cost by myself because of the additional expenses of books, supplies, and course fees.

[How getting financial aid will help you]

I am completely committed to my education, and getting financial aid would enable me to concentrate on my study in order to graduate with a strong GPA and submit an application to graduate school.

[Career objectives]

My career objective is to be a child psychologist in order to help youngsters who are going through challenging life situations that are similar to my own childhood.

[Closing statement]

I appreciate you taking this into account. I’m eager to talk about potential future educational opportunities. 

Sincerely, 

Your name

Example of Financial Need Scholarship Essay | 2

[Your background]

Since I was a little child, I have experienced the influence that education has on everyone. Due to their need to maintain themselves, my parents were unable to attend college. Their career was impacted, and they will feel the effects of their education deficit for the rest of their life. Although my parents tried their best to implant a love of study in me, our family has never been particularly rich.

[Your current financial condition (and explanation of your need for financial assistance )]

Earlier, I had to work about 18 hours a week to sustain myself. I tried to minimize the financial burden on my parents, who covered the majority of the tuition costs. Their earnings were cut in half as a result of the lockdown. Therefore, I will have to work harder or leave college.

In addition, the curriculum for the next year will include more subjects. I won’t be able to work as much going forward for that reason. Although I could work late into the night, I worry it would just make my outcomes worse. I’ll do my best to complete all of the assignments, whatever.

[How getting financial aid will help you]

If I get the scholarship, I’ll have plenty of time to focus on my academics. Actually, this grant will be the impetus for my academic achievement.

[Career objectives]

My main goals include completing my education, helping people, and getting an excellent profession.

[Closing statement]

 I will be very grateful for your kind consideration.

Sincerely,

Your name

Scholarship Essay Examples Financial Need | PDF/Images

The previous Scholarship Essay Examples of Financial Need demonstrates the generic structure of financial need scholarship essay. However, how detailed your financial need scholarship essay should be depends on what you are requested to write about. For example, if you are requested to describe your financial need for the scholarship in brief, you can say something similar to the following example:

financial needs letter for scholarship
Scholarship essay example financial need (1st image)

Whereas, if you are reqested to tell about your need for the scholarship, you can write something similar to this scholarship essay example:

essay format for scholarship
Scholarship essay example financial need (2nd image)

We will demonstrate another scholarship essay example at the end of the article.

Financial Need Scholarship Essay FAQ

How should I describe a financial need?

There is no one correct way to explain why you need funding. Every situation is distinct. Every person may have their own set of circumstances. Students typically seek scholarships with essays since they aren’t yet able to work full-time. As a result, they are unable to pay for the desired program.

How should I write a financial need scholarship essay?

When you apply for a scholarship, you must demonstrate your deservingness of the funding. Describe your academic background and show your eagerness and genuine enthusiasm for learning. Look at the examples and templates that are accessible online if you wish to get selected for the program. You must emphasize your motivation and strengths. Have a look at scholarship essay examples financial need to better understand what to include.

How to begin a financial need scholarship statement ?

When writing a scholarship essay, it’s probably not a good idea to start with the declaration of financial need itself. Instead, show your intense drive, even passion first. Describe your background in a few sentences, emphasizing your relevant education and professional experience. Acknowledge that financial support would enable you to succeed.

Checking Scholarship essay examples financial need can give you answers to most of your questions.

Conclusion

scholarships with essays foramt
Scholarship essay example financial need (3 image)

Scholarships with essays are among the best ways to make your first step toward your career excellence. So before writing a scholarship essay, you need to make sure that you are ready to make it stand out.

Reading essay scholarship examples financial need is an essential step in writing a scholarship essay because it can expand your horizons and help you to decide what to include in your scholarship essay. So, writing a scholarship essay can be much easier.

Another important step is to write scholarship essay examples about yourself and choose the best one.

Recommendations

We hope that you find everything you need about Scholarship Essay Examples Financial Need in this article. Here are other beneficial articles you may need to

Recommendation Letter for Scholarships | Format, Template & Samples

Motivation Letter for Scholarship in simple words

Goals scholarship – How to get a scholarship by your goals?

Visit our Scholarships With Essays website in order to to get more information on how to get a scholarship.

Maria Sotti

I have a university degree in Economics from the University of Milano in Italy, graduated in 2016, then I obtained a Master's degree in International Relations. I did an internship with WHO for 11 months, after which I got promoted and became a consultant. I love to write about education and help students from other countries build on their work experience after graduation by applying for scholarship and internship opportunities available around the world.

Related Articles

Back to top button