I was offered a spot in UChicago's CIR Masters with 1/3 scholarship. Although I am definitely grateful and strongly want to attend, it would be very difficult for me to fund my studies there. I would have to live in my car parked outside the university. I am not kidding. I want to send them an email asking for more money. Sure, they said the scholarship is merit-based, but I have lots of updates on my CV since my application in November. For example, admission to PBK, completed honors thesis, TAship for a class, etc.
How should I approach this matter to them? Would my reasons asking for reconsideration of merit scholarship be sufficient?