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# What does a statement of financial need look like?

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Current Student
Joined: 24 Jan 2010
Posts: 151

Kudos [?]: 45 [0], given: 2

Location: Canada : Ontario : Toronto
Schools: Schulich class of 2012
What does a statement of financial need look like? [#permalink]

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05 Mar 2010, 00:50
A school I've been admitted to has asked me to write a statement of financial need, and I have no clue what these usually look like.

How much detail do you go into? How long should they be? What should the tone be? Should it be structured like a letter, or an admissions essay? Should there be point form content?

Any help is greatly appreciated!

Kudos [?]: 45 [0], given: 2

Current Student
Joined: 04 Nov 2008
Posts: 254

Kudos [?]: 71 [0], given: 12

Schools: Booth 2012
Re: What does a statement of financial need look like? [#permalink]

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05 Mar 2010, 00:51

Kudos [?]: 71 [0], given: 12

Senior Manager
Joined: 01 Feb 2007
Posts: 468

Kudos [?]: 53 [1], given: 8

Location: Silicon Valley via Russia, China, Canada and Wharton/Lauder
Schools: Wharton/Lauder (Mandarin Chinese)
Re: What does a statement of financial need look like? [#permalink]

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05 Mar 2010, 01:36
1
KUDOS

I would include a detailed budget for the time you will spend in school, and a statement of what portion of that would be covered by your savings, stipends, grants etc that you have secured. Then make a pitch on how much money you need to cover the rest.

Make sure you budget things like your health insurance, transport, travel, books, etc. If you have children/spouse - they get special treatment in your statement as they are usually viewed as an extra burden.
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Kudos [?]: 53 [1], given: 8

Re: What does a statement of financial need look like?   [#permalink] 05 Mar 2010, 01:36
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