essay for student financial aid

Financial Need Essay: Examples & Writing Guide

Unfortunately, not everyone striving for education can afford it. Some courses are so expensive that even well-to-do citizens need financial assistance. They can write a scholarship application letter or refuse the undertaking. In such a case, students are supposed to submit a financial need essay.

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Funding authorities cannot assist each student. That is why you need to assure them in your statement of financial need that you deserve the scholarship more than anyone else. This article by Custom-Writing experts provides you with a clear structure. Besides, you will see an accurate statement of financial need essay sample.

• ✅ What to Include
• 🚫 Mistakes to Avoid
• 👀 Essay Sample

🔗 References

✅ statement of financial need: what to include.

This type of writing is a statement of a student’s life circumstances . But there is a limited number of aspects that you need to include. Otherwise, the committee will reject your request for financial aid as it will not look persuasive enough. Follow the next five steps to write a scholarship-winning essay. If you will still be unsure of how to write this kind of paper, explore the example in the next section.

• Introduce yourself. Your readers learn about you for the first time. It is polite to tell them who you are . Stress that you are the first person in your family who will attend a college. If you pertain to an ethnic group that may be underrepresented at the college, mention it.
• Explain how you’re now paying for college. Are you working to pay for your studies? Does this work take the time you could spend learning?
• Justify your financial need. Explain why you need assistance and the difficulties you meet in paying for your studies.
• Describe how you would benefit from the scholarship. Will you have to drop out if you are not given the scholarship? What will happen when you receive it? Explain that you will be able to study more if there is no need to work after classes.
• Make a closing statement . Do not beg and avoid being too emotional. Your essay should sound professional. Thank your readers for taking the time to consider your request.

Here, you can read about other secrets of scholarship essay writing .

🚫 Financial Need Essay: Mistakes to Avoid

There are several big mistakes that students can make in their scholarship essays.

👀 Statement of Financial Need: Essay Sample

We hope that this short, but comprehensive guide will get your essay going! Good luck and be sure to check out our blog for more writing tips.

Just in 1 hour! We will write you a plagiarism-free paper in hardly more than 1 hour

✏️ Financial Need Essay FAQ

There is no universal way to justify why you need money. Every situation is unique. Every person might have their life circumstances. Typically, students apply for scholarships because they can’t work full-time yet. Thus, they cannot afford the desired program.

Two key strategies to ask for scholarship money are those below.

1. Write an impressive motivation letter mentioning your tight budget,

2. Write an application letter describing your tough life circumstances (especially if you have incomplete family, etc.).

For additional details, check examples of such papers online and in books.

Applying for a scholarship implies proving why you deserve this assistance. Demonstrate your strong motivation, your real passion for learning, describe your educational background. If you want to be chosen for the program, take a look at examples and templates available online. You need to highlight your strengths and motivation .

It’s probably a bad idea to begin with the statement of financial need itself. Instead, demonstrate your strong motivation and even passion first. Briefly describe your background and highlight relevant educational and work experience. Acknowledge that financial assistance would help you to develop further.

• Writing a Winning College Scholarship Essay | The Princeton Review
• 5 Ways to Make Your Scholarship Essay Stand Out – U.S. News
• How to Write a Scholarship Essay – Maryville University Online
• How Aid Is Calculated | Federal Student Aid
• Definition of need | Student Financial Aid | University of Missouri
• How need is determined | Student Financial Aid (UWashington)
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Thank you for the financial need essay writing tips you have posted. They are very helpful! I’ll return to this blog for more useful guidelines for writing papers!

Ha, fully posting! How to ask for money? Yeah, it is a great idea to write a financial need essay in a humorous manner.

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• How to Write a Scholarship Essay | Template & Example

How to Write a Scholarship Essay | Template & Example

Published on October 11, 2021 by Kirsten Courault . Revised on May 31, 2023.

A good scholarship essay demonstrates the scholarship organization’s values while directly addressing the prompt. If you plan ahead , you can save time by writing one essay for multiple prompts with similar questions.

Table of contents

Apply for a wide variety of scholarships, make a scholarship tracker spreadsheet, tailor your essay to the organization and the prompt, write a focused and relevant personal story, scholarship essay example, other interesting articles, frequently asked questions about college application essays.

Scholarships are a type of student financial aid that don’t require repayment. They are awarded based on various factors, including academic merit, financial need, intended major, personal background, or activities and interests.

Like college applications, scholarship applications often require students to submit their grades, standardized test scores, letters of recommendation, and an essay.

A scholarship essay shares your values and qualities in the context of a specific question, such as “How does technology affect your daily life?” or “Who has had the greatest impact on your life?”

Be wary of scholarship scams

While some applications may not require an essay, be wary of scholarship scams that do the following:

• Guarantee you scholarship money for a fee
• Claim scholarship information is exclusive to their company
• Ask for your bank or credit card information to hold the scholarship

Some legitimate companies do charge for releasing comprehensive scholarship lists or creating a tailored list of scholarship opportunities based on your profile.

However, you can always discover scholarship opportunities for free through your school counselor, community network, or an online search.

Many students focus on well-known, large scholarship opportunities, which are usually very competitive. To maximize your chance of success, invest time in applying for a wide variety of scholarships: national and local, as well as big and small award amounts. There are also scholarships for international students .

In addition to charitable foundation and corporate scholarships, you should consider applying for institutional scholarships at your prospective universities, which can award money based on your application’s strength, your financial situation, and your demonstrated interest in the school.

Check with your guidance counselor, local organizations, community network, or prospective schools’ financial aid offices for scholarship opportunities. It’s a good idea to start applying as early as your junior year and continue throughout your senior year.

Choose the right scholarships for you

Choose scholarships with missions and essay topics that match your background, experiences, and interests. If the scholarship topic is meaningful to you, it will be easier for you to write an authentic and compelling essay.

Don’t shy away from applying for local scholarships with small dollar amounts. Even a few hundred dollars can help you pay for books.

Local scholarships may be more tailored to your community, background, and activities, so they’re likely more relevant to you. Fewer students apply for these scholarships, so you have less competition and a higher chance of success.

Some places to look for local scholarships include

• Civic organizations, such as the Rotary Club, Lions Club, etc.
• Your church, mosque, synagogue, or place of worship
• Community groups, such as the YMCA
• Ethnicity-based organizations
• Your local library or local small businesses
• Organizations related to your intended major
• Your city or town
• Your school district
• Unions, such as SEIU, the Teamsters, CWA, etc.
• Your employer or your parents’ employers
• Banks, credit unions, and local financial institutions

Prevent plagiarism. Run a free check.

While researching scholarship opportunities, create a scholarship tracker spreadsheet to keep track of the following:

• Scholarship amounts
• Required application materials

You can use our free Google Sheets template to track your scholarship applications.

Scholarship application tracker template

You can also include scholarship essay prompts in your college essay tracker sheet . By grouping or color-code overlapping essay prompts, you can plan to write a single essay for multiple scholarships. Sometimes, you can also reuse or adapt your main college essay .

Even if you’re adapting another essay, it’s important to make sure your essay directly addresses the prompt, stays within the word count limit , and demonstrates the organization’s values. The scholarship committee will be able to tell if you reuse an essay that doesn’t quite respond to the prompt, so be sure to tailor it to the questions asked.

Research each organization

Before writing, research the scholarship organization’s mission and reason for awarding the scholarship. Learning more about the organization can help you select an appropriate topic and relevant story.

While you should tailor your essay to the organization’s values, maintain your authentic voice. Never use false or exaggerated stories. If the organization’s values don’t align with yours or you can’t brainstorm a relevant story for the scholarship, continue searching for other scholarship opportunities to find a more appropriate one for you.

After researching the organization, identify a specific personal experience that embodies its values and exemplifies why you will be a successful student.

Choose a story with the following criteria:

• Responds to the prompt
• Demonstrates the organization’s values
• Includes an authentic story
• Focuses on you and your experience, not someone else’s

A good scholarship essay is not

• A resume of your achievements
• A lengthy opinion piece about the essay topic
• An essay featuring a negative tone that puts down others

If appropriate, you can briefly address how the scholarship money will help you achieve your educational goals. You should also end with a brief thank-you.

Take a look at the full essay example below. Hover over the underlined parts to read explanations of why they work.

Prompt: Describe how working for Chelsea’s Chicken restaurant has developed leadership skills that will help you succeed in college. Give specific examples of leadership characteristics that you have exhibited during your employment with us.

As a nervous 16-year-old, I walked into Chelsea’s Chicken for my first day of work determined to make enough money to put gas in my car and buy pizza on the weekends. My only previous job was mowing my neighbors’ lawns when they were on vacation, so I had no idea what to expect. I was a bit intimidated by my new responsibilities, especially handling money and helping disgruntled customers.

However, it didn’t take me long to learn my way around the cash register and successfully address customer complaints. One day, Roger, the store manager, asked me if I wanted to join Chelsea’s Chicken Leadership Training Initiative. He said he saw leadership potential in me because of my attitude with the customers and my enthusiasm for learning new job responsibilities. It surprised me because I had never thought of myself as a leader, but I quickly agreed, and Roger handed me a three-ring binder that was thicker than my math and science textbooks put together! He told me to take it home and read over it during the following week.

In that binder, I discovered that being a leader means taking the initiative, especially when the job is undesirable. One week later, I got to practice that idea when a little kid threw up in the bathroom and missed the toilet. It smelled terrible, but I stepped forward and told Roger that I would clean it up. My coworkers thought I was crazy, but I started to believe in my leadership potential.

That night as we closed the store, Roger pulled me aside in the parking lot and told me that he could tell that I had been studying the manual. He wanted to give me more responsibility, along with a dollar-per-hour pay raise. I was surprised because I had been working there for only a couple of months, but his encouragement helped me make a connection: good leadership helps other people, and it often is rewarded. I was determined to experience more of both.

Within a month, I was ready to take the Team Leader exam, which mattered because I would receive a promotion and a much bigger raise if I passed. But, when I got to work, two of the scheduled team members had called in sick. We were noticeably short-handed, and our customers weren’t happy about it.

I walked back to the lockers, put on my vest and hat, and took my place behind an open register. Customers immediately moved into my line to place their orders. Roger looked at me with surprise and asked, “Did you forget that you’re testing tonight?” I responded, “No, sir—but what’s the use of taking a leadership test if you aren’t going to lead in real life?” Roger smiled at me and nodded.

He stayed late that night after we closed so that I could leave early and still take the test. I noticed that Roger was always staying late, helping employees learn new skills. His example taught me that leaders take the initiative to develop other leaders. He gave me a clear picture of what shared leadership looks like, making room for others to grow and excel. When I asked him where he learned to do that, he said, “From the same leadership manual I gave you!”

Chelsea’s Chicken has offered me so much more than a paycheck. Because of Roger’s example, I have learned to take the initiative to care for my family and friends, such as being the first to do the dishes without my mom asking or volunteering to pick up my friend for our SAT prep course. Now, as I prepare to enter college, I have confidence in my leadership ability. I know I’m signing up for a challenging major—Biology, Pre-Med—yet I also know that Chelsea’s Chicken has helped me to develop the perseverance required to complete my studies successfully.

If you want to know more about academic writing , effective communication , or parts of speech , make sure to check out some of our other articles with explanations and examples.

Academic writing

• Writing process
• Transition words
• Passive voice
• Paraphrasing

 Communication

• How to end an email
• Ms, mrs, miss
• How to start an email
• I hope this email finds you well
• Hope you are doing well

 Parts of speech

• Personal pronouns
• Conjunctions

A scholarship essay requires you to demonstrate your values and qualities while answering the prompt’s specific question.

After researching the scholarship organization, identify a personal experience that embodies its values and exemplifies how you will be a successful student.

Invest time in applying for various scholarships , especially local ones with small dollar amounts, which are likely easier to win and more reflective of your background and interests. It will be easier for you to write an authentic and compelling essay if the scholarship topic is meaningful to you.

You can find scholarships through your school counselor, community network, or an internet search.

You can start applying for scholarships as early as your junior year. Continue applying throughout your senior year.

Yes, but make sure your essay directly addresses the prompt, respects the word count , and demonstrates the organization’s values.

If you plan ahead, you can save time by writing one scholarship essay for multiple prompts with similar questions. In a scholarship tracker spreadsheet, you can group or color-code overlapping essay prompts; then, write a single essay for multiple scholarships. Sometimes, you can even reuse or adapt your main college essay .

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