I'm a computer science student in college. Over the summer, I lost a major scholarship and was removed from an honors program for my major.
One of my classes is a senior project course. I will be assigned to work in a team with a professor or local company to produce a software project for them over the course of the year. As part of the class, I need to write resumes and cover letters and submit them to the projects I would like to work on the most.
How should I handle the fact that I lost this scholarship over the summer? In particular, two of the projects I'm most interested in are with professors that taught me as part of the program that I was removed from. I sincerely think I would be a good fit for their projects. How should I prepare my resume and cover letter for them?
I would like to note that while I lost the scholarship, I have several other things going well for me: I've had two successful programming internships, one of which I'm still working at during the school year, I'm in good standing with the university at large, and my GPA is over 3.5. So I have a combination of very good things and very bad things that I need to discuss in my application materials.