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How to Write Your Chicago Mercantile Exchange Scholarship Essay
By Daur, ScholarshipTop founder and scholarship data reviewer
Reviewed by ScholarshipTop editorial review · Published Apr 26, 2026
ScholarshipTop editorial guide. Writing guidance does not guarantee eligibility, selection, or award payment.

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Understanding the Prompt
Before diving into your essay, take time to analyze the scholarship prompt carefully. Understand what the Chicago Mercantile Exchange Scholarship committee values in applicants. This scholarship is designed to support students at Loyola University Chicago, so consider how your goals align with the university's mission and the scholarship's purpose.
Brainstorming Across the Four Buckets
Gather material for your essay by reflecting on the following four buckets:
- Background: Identify key experiences that have shaped your educational journey. Consider family influences, community involvement, or significant life events that have motivated your pursuit of higher education.
- Achievements: List your accomplishments, focusing on metrics and outcomes. Include academic successes, leadership roles, or projects that demonstrate your skills and impact.
- The Gap: Reflect on what you currently lack and how further study at Loyola University Chicago will help bridge that gap. Be specific about your academic and professional aspirations and how they connect to the scholarship.
- Personality: Infuse your essay with personal details that reveal your character and values. Share anecdotes or insights that showcase your unique perspective and commitment to making a difference.
Outlining Your Essay
After brainstorming, create an outline to organize your thoughts. A clear structure will help you present your ideas cohesively. Consider the following format:
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- Introduction: Start with a concrete moment or scene that captures attention and sets the stage for your story.
- Body Paragraphs: Dedicate each paragraph to one of the four buckets. Ensure each section transitions smoothly to the next, maintaining logical flow.
- Conclusion: Reflect on the insights gained from your experiences and express your commitment to using the scholarship to achieve your goals.
Drafting Voice and Style
When drafting your essay, use an active voice and specific language. Avoid vague statements and clichés. Instead of saying you are passionate, demonstrate your passion through examples and achievements. Each paragraph should focus on one main idea, with clear transitions that guide the reader through your narrative.
Revision & “So What?”
After completing your draft, take a break before revising. Look for opportunities to enhance clarity and depth. Ask yourself, “So what?” for each major point. Ensure that your reflections highlight personal growth and the significance of your experiences. This will help the committee understand why your story matters.
Common Pitfalls to Avoid
As you refine your essay, be mindful of common mistakes:
- Avoid starting with generic statements or clichés.
- Do not include invented facts or embellishments; honesty is crucial.
- Steer clear of overly bureaucratic language; keep your writing engaging and accessible.
- Ensure that each paragraph serves a purpose and contributes to your overall narrative.
FAQ
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