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    Bottom Line - Writing A Financial Aid Appeal Letter PDF

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    DWhiteKnight
    A student wrote a financial aid appeal letter to request reconsideration of their financial aid award package. In the letter, the student explained that their mother is unemployed, collects unemployment benefits, and their income is very low. However, their mother depleted her 401K retirement account to pay bills, which significantly increased their reported income and made the student ineligible for financial aid based on need. The student argued this was a one-time situation and asked the financial aid office to re-evaluate their package given their typical financial circumstances and the fact that the 401K funds will not continue to be available.

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    Bottom Line - Writing A Financial Aid Appeal Letter PDF

    Uploaded by

    DWhiteKnight
    2K views1 page
    A student wrote a financial aid appeal letter to request reconsideration of their financial aid award package. In the letter, the student explained that their mother is unemployed, collects unemployment benefits, and their income is very low. However, their mother depleted her 401K retirement account to pay bills, which significantly increased their reported income and made the student ineligible for financial aid based on need. The student argued this was a one-time situation and asked the financial aid office to re-evaluate their package given their typical financial circumstances and the fact that the 401K funds will not continue to be available.

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    A student wrote a financial aid appeal letter to request reconsideration of their financial aid award package. In the letter, the student explained that their mother is unemployed, collects unemployment benefits, and their income is very low. However, their mother depleted her 401K retirement account to pay bills, which significantly increased their reported income and made the student ineligible for financial aid based on need. The student argued this was a one-time situation and asked the financial aid office to re-evaluate their package given their typical financial circumstances and the fact that the 401K funds will not continue to be available.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views1 page

    Bottom Line - Writing A Financial Aid Appeal Letter PDF

    Uploaded by

    DWhiteKnight
    A student wrote a financial aid appeal letter to request reconsideration of their financial aid award package. In the letter, the student explained that their mother is unemployed, collects unemployment benefits, and their income is very low. However, their mother depleted her 401K retirement account to pay bills, which significantly increased their reported income and made the student ineligible for financial aid based on need. The student argued this was a one-time situation and asked the financial aid office to re-evaluate their package given their typical financial circumstances and the fact that the 401K funds will not continue to be available.

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    © All Rights Reserved
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    of 1

    WRITING A FINANCIAL AID APPEAL LETTER

    If your financial aid award does not give you enough money to cover your expenses for the
    year, you can consider writing an appeal letter to your financial aid office. This letter should
    be in the form of a professional business letter, and it should clearly explain why you cannot
    afford to pay the amount they expect you to contribute.
    Heres an example of a financial aid appeal letter:
    April 15, 2010
    Dear Financial Aid Office,
    My name is _____________ and I have recently been accepted to __________________ for
    the Fall of 2010. I am writing to respectfully request consideration for appeal of my financial
    aid award package. I am extremely grateful to _________________ for the grants, loan and
    work study that was awarded to me thus far, however I still have a large gap in my financial
    aid that would make attending your school an impossibility. I feel that my circumstances are
    unique for this current year and would like to explain why my family financial situation will
    most likely change in the future.
    I currently live with my mother who is a single parent and she is unemployed. She collects
    unemployment and annually receives around $9,432 in benefits. On the FAFSA, my EFC is $0
    since we have such little income. I work to help support my family, but the money I earn
    goes towards our daily expenses and bills. My father is deceased and I have no one else to
    rely on for financial assistance.
    Because my mother was struggling to pay bills through her unemployment, she made the
    difficult decision to raid her 401K retirement account in order to access much needed funds.
    As a result, our Adjusted Gross Income rose to $63,000. The retirement account is now
    depleted and the money was spent on bills, so these funds will not be available to help pay
    for my college expenses. This action also resulted in raising my EFC, which now excludes me
    for federal and institutional funds based on need. Because this was a one-time situation, I
    hope that my financial aid package can be re-evaluated keeping in mind that the money
    from the 401K has drastically altered my eligibility.
    I hope you will take these details into consideration as you review my financial aid
    application for this year. ______________ has been my dream school since I first started
    the college application process. This school is the perfect fit for me academically and socially
    and I know I would be able to contribute so much to the diversity of the student body.
    Thank you for your time and please contact me if you need any more information.
    Sincerely,

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