Scholarship / Personal Statement for Lost Scholarship Appeal [4]

So I recently lost my scholarship due to my grades being well below the required GPA, and I have begun the process of appealing my scholarship. Below is my personal statement appealing the loss; please let me know if there are any weird phrasings or anything that I need to fix! Thank you in advance.

Dear Undergraduate Admissions Scholarship Committee,

I am writing this letter of appeal in hopes that you reconsider your decision to void my scholarship for the 2015 Spring semester. The decision not to renew my scholarship was based on the fact that I failed to meet the minimum academic GPA of 3.0; my GPA by the end of my probation period was a 2.47. I fully acknowledge that the loss of my scholarship was entirely my fault, and regardless of your response to this letter, I thank the committee for granting me the scholarship in the first place, as well as taking the time to read this letter.

...