Here are the main components that should be included in a scholarship rejection letter, in addition to basic salutations:
Header with the date, your organization’s name, and addressA greeting such as “Dear [Applicant’s Full Name],”
Body of the scholarship rejection letter with the criteria that was used to choose the recipients, and conveying professionally the reason for rejection.
Closing note - If they are still eligible to apply for future scholarships, include when the next round of the program will be as well as where they can find information.