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How do I write a thank you letter for receiving a scholarship?

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I've received a scholarship in which I need to reply with a thank you letter, but I've never really written one for such a reason before. What should I do differently, or what are some basic pointers on what to say / how to say them? Thanks. :]

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  1. I usually just write something like: "Thank you for choosing me as the recipient of the _____________Scholarship. It is very much appreciated and I will put it to good use. I look forward next semester and am grateful your contribution will help me to be there." Just be sincere, I'm sure you are glad to have got it so just say how you feel.

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