Quick Answer: What Is The National Merit Scholarship?

What does the National Merit Scholarship pay for?

National Merit Scholarships provide $2,500 towards the student’s freshman year of college. Even better, winning this scholarship (or being a finalist) is prestigious. Some colleges even boast about the number of “National Merit Scholars” they enroll.

How hard is it to be a National Merit Scholar?

Becoming a National Merit Finalist is competitive and requires a top score on the PSAT. Although it varies from state to state, most students must score above 1400 (out of 1520) to qualify as a Semifinalist, which means they can compete to move on to Finalist standing.

What does it mean to qualify for National Merit Scholarship?

In order to be eligible for the National Merit Scholarship Program, a student must: 1) take the PSAT/NMSQT during his or her 3rd year (junior year) of high school 2) be enrolled as a high school student (traditional or homeschooled) and plan to enroll in college full time by the fall after his or her high school

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Is being a National Merit Scholar a big deal?

Now, it is pretty insignificant. You can expect an award of anywhere to $2000-8000, with many of the awards being a one-time scholarship of $2500. When a private college education costs in excess of $200,000, National Merit is not enough to make a big dent.

How do I know if Im a National Merit Scholar?

To determine who qualifies for National Merit, NMSC uses a scale called the Selection Index. To get this, NMSC adds your Math, Reading, and Writing section scores, which each fall between 8 and 38, and then multiplies that sum by 2. Thus, the PSAT NMSC Selection Index ranges from 48 to 228.

Does being a National Merit Scholar help you get into college?

In general, if you’re a strong student, you should definitely take the PSAT seriously so that you are a contender for awards including National Merit Scholarships. There’s no need to stress over the PSAT—it won’t directly influence college admissions decisions—but it is worth taking the test seriously.

What happens if you win the National Merit Scholarship?

In March, the program awards 7,500 finalists with National Merit $2,500 Scholarships, corporate-sponsored scholarships or college-sponsored scholarships. The more money you win, the less you will have to pay in college tuition or borrow in student loans.

What is the minimum amount of money students can receive from the National Merit Scholarship?

Corporations sponsor approximately 1,000 awards for Finalists each year with a minimum one-time value of $2,500 or $1,000 renewable. Most of these awards are to Finalists who are the children of employees. Approximately 2,500 students receive awards of $2,500 directly from National Merit.

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How do you get a full ride scholarship?

Colleges typically offer full ride once you are admitted into the school. Like merit based scholarships, they usually go to very talented and motivated students. Many full ride scholarships determine eligibility based on: Test Scores: You may need specific scores on the PSAT, SAT, and/or ACT tests.

What percent of students get National Merit?

If your PSAT score is high enough for you to qualify, you will be designated as either a Commended or Semifinalist student. The top 1.25 percent of test takers become National Merit Semifinalists, and the next 3 percent are Commended students and receive an honorary certificate.

Should I put National Merit Scholar on my resume?

If you’re a freshman or sophomore who received a prestigious award or accolade in high school, such as being a national merit scholar, you can still put those awards on your resume (however, Walker advises against listing SAT scores, even if they were high).