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How to reneg for a higher merit-based scholarship?

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Intern
Intern
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Joined: 11 Sep 2016
Posts: 8

Kudos [?]: 1 [0], given: 1

Schools: Duke MMS"18 (A)
GMAT 1: 740 Q50 V40
How to reneg for a higher merit-based scholarship? [#permalink]

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New post 03 Apr 2017, 07:38
Hello everyone,

I am lucky enough to receive an offer for a Master in Management course with a $13000 merit-based scholarship. Unfortunately, my financial situation requires me to reneg for a higher scholarship, as I have exhausted lending options and family support.

How do you write an email/letter to reneg this? As it is a merit-based scholarship, I think I should talk about my merits, but I'm not sure what the focus should be.

If you guys could please let me pick your brain for areas I should portray myself in and also ideas that would convince the admission, I would be very grateful.

Many thanks in advance!

Some info about my case for your consideration:
- Tuition fee: $51000
- Estimated Cost of Attendance (inc tuition fee): $65000

- Current scholarship: $13000
- Can borrow: $32000
- Desired scholarship: as high as possible to reduce financial burden post-grad

My background:
- International (Asian, not Chinese, Indian)
- GMAT: 740, Q51, V40
- BSc GPA: 3.2/4; MSc GPA: 3.88/4 (both in biomedical sciences, top 10 UK uni)
- Work exp: varied
+ 1 year: teaching English
+ 1 year: recruiting, organising and operating at a Thai startup accelerator
+ 6 months: working at various laboratory jobs
+ ~3 years: working 50 hrs/week as a waiter in restaurants
+ ~1 year: volunteering at hospitals & primary school
- Career aim post-degree: Consulting at MBB

Kudos [?]: 1 [0], given: 1

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Director
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Joined: 17 Jul 2010
Posts: 584

Kudos [?]: 94 [0], given: 1

Location: United States (NY)
Re: How to reneg for a higher merit-based scholarship? [#permalink]

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New post 03 Apr 2017, 17:56
I'd have an honest discussion with admissions. Simply lay out what you can afford and tell that that you are honored and excited about their program, but it is simply not financially possible unless there is some way to bridge the gap. Their might be more money to give you or some other compromise. They won't be offended.
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Master in Finance HQ
http://www.msfhq.com

Kudos [?]: 94 [0], given: 1

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Manager
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Joined: 22 Sep 2013
Posts: 157

Kudos [?]: 16 [0], given: 4

Concentration: Marketing, Entrepreneurship
GMAT 1: 690 Q49 V35
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Re: How to reneg for a higher merit-based scholarship? [#permalink]

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New post 16 Apr 2017, 06:31
Well,

The best way would be to just frankly tell them about your financial situation, explain why a higher scholarship would really help abalte your financial concerns, and talk about how it will free you up to pursue other things, making the most of your time at Duke (I assume).

You can ofcourse write a short essay explaining how you have been excellence oriented and will continue to pursue varied activities, adding value to Duke and its community.

Should be helpful, i know a past client who did the same and was able to get a 65% merit scholarship, up from a 30% one.
_________________

Abhyank Srinet
Founder at http://www.MiM-Essay.com

MSc. in Management(MiM) Admission Consultants

Get consultation from graduates of HEC, ESCP, ESSEC, LBS & Duke

Feel free to message me, if you have any MiM/MSc. related questions or want a detailed Free profile evaluation

Kudos [?]: 16 [0], given: 4

Re: How to reneg for a higher merit-based scholarship?   [#permalink] 16 Apr 2017, 06:31
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