Building Contract Template
Students may not receive equal amounts of financial aid or even the same mix of financial aid programs from all colleges. It is important to carefully review award letters and ask the financial aid office to clarify any details that are not clear. For example if the student receives a scholarship it would be important to know whether the scholarship aid is renewable each year and if there is any specific renewal criteria attached to the scholarship. It s important to know that each college sets its own qualifications and criteria for merit based aid and that scholarship levels vary greatly from one college to another.
Rather they can be counted on to perform these secondary "between-the-lines" tasks when they 1. Are addressed to the proper person 2. Use correct titles and complete addresses 3. Use clear direct language 4. Are assertive yet with constraint 5. Establish a firm assured tone 6. Provide precise accurate data 7. Come to the point quickly 8. State unmistakably what action is desired 9. Are signed by a person with authority If you have more than one financial subject to cover consider the alternative of writing two or more letters instead of one. A letter that requests some form of financial aid and then adds a paragraph about an irrelevant business transaction is like painting a room half one color and half another. At best it leads to confusion; at worst it can negate the writer s real objective. No matter how well you know the person being addressed quash the temptation to infuse a bit of friendly chatter - about golf the change in the weather or your forthcoming vacation trip. How to do it 1. Determine the primary objective of the letter.
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It will tell the lender s key person the loss mitigator the details of the problem and help them decide what to do to help you either keep your home or go for a short sale. This means that the lender might let you sell it for less than the mortgage value. It also will alert the lender as to how far you are willing to go to help with the process. In order to get all the facts straight about your circumstances the best way to write a hardship financial letter is by following an example that has proven successful. By following a good letter you will make sure that all the bases are covered and that the loss mitigator has all the facts to help you.
Such recipients include for example loan officers in banks certified public accountants treasurers controllers contract negotiators financial analysts trust officers and brokers. Your target is in effect much more narrow and precise. So your letter must take more careful aim depending upon where you have set your sight. Frequently financial letters reflect (or should reflect) an existing relationship of mutual respect and trust between the owner or manager of a small business and a nearby financial institution. Hence when the subject of a letter is of considerable consequence to the business it is all the more important that the signer of the letter be a person of substance and not a lesser employee. Get more financial Next to a death of a friend or loved one a home foreclosure is one of the most traumatic experiences a person can ever go through.