Clean technology and sustainable innovation - Statements for Study loan

Prompt: In 150 words or more, state your financial and family situation and why you deserve to be offered this study loan.
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My background is from a humble family where the number one challenge has always been financial stability. My mother and father work hard to provide for the household, however they can only adequately cover our daily living expenses, bills, and the education of my siblings with their combined income. As the costs of living rise, it has become increasingly hard for my family to support the full cost of my higher education. I even had to pick up a side job doing Lalamove parcel deliveries for extra pocket money. I know that once I continue pursuing my studies without additional financial assistance, it would place a heavy burden on them.

I believe I deserve this study loan as I am determined to make use of this opportunity to its fullest. Though I have always been committed to my studies, I am even more motivated to excel in engineering to achieve my personal long-term goals of creating and contributing to clean technology and sustainable innovation. If I am entrusted to receive this loan, I'd be able to completely focus on my education and further develop the beginning of my engineering career without worrying about financial pressure, while striving to repay the trust placed in me through persistence and commitment to my craft.

You need to be comfortable with fully revealing your family's financial situation to the reviewer. That means, you need to discuss the salary of your parents, individually and how these are divided amongst the needs of your family. That will include a reference to the expenses for your siblings study and your own. Explain your income as a Lalamove rider and how you spend that income. Provide evidence that even with a combined 3 income family, it will be impossible for you and your family to support your higher studies.

The second paragraph is devoid of information that will sell the reviewer on the idea that you will be a worthy loan risk. There is no true promise for your future in the field. No true ambition, no true aspiration, no resonating message when it comes to your plans for your future career that will ensure that you will pay back this loan.