What is the National Merit Scholarship $2500?

National Merit^® $2500 Scholarships provide a single payment of $2,500. NMSC's own funds support the majority of these scholarships, but corporate sponsors help underwrite these awards with grants they provide to NMSC in lieu of paying administrative fees.

How much money do you get from National Merit Scholarship?

National Merit Scholarships: $2,500 toward freshman year only. Corporate-sponsored Merit Scholarship awards: These are four-year renewable awards that range from $500 to $2,000 per year.

How do you calculate National Merit Scholarship?

The Selection Index is a weighting of your PSAT component scores to determines the level of your recognition within the initial stages of the National Merit program. How is the Selection Index calculated? The Selection Index is double the sum of your Reading and Writing (RW) score, and Math score divided by 10.

What is a good score for National Merit Scholarship?

National Merit cutoff scores

You can see that a Selection Index score of 221 would qualify a student for National Merit Semifinalist status in most states, but some states required higher scores, including Massachusetts, with a cutoff of 222, and New Jersey, with a cutoff of 223.

Is 1400 enough for National Merit?

First, a 1400 is an excellent score on the PSAT, so congratulations on that achievement. However, whether it qualifies for National Merit does depend on the state you're in, as whether or not you're named a semifinalist depends on whether your score is within the top 1% of test-takers in your state.

National Merit Scholarship Program: What Is It and How It Works?

Does 1300 qualify for National Merit?

Based on your PSAT score of 1300 (690 EBRW and 610 Math), it is possible that you may qualify for National Merit consideration next year. However, it's important to note that the qualifying score varies by state and is based on the scores of other students in your state who take the PSAT.

Does 1470 qualify for National Merit?

To be competitive for National Merit Semifinalist status, students need to score about 1400 on the PSAT in less competitive states like Wyoming, Montana, and North Dakota . . . or about 1470 on the PSAT in more competitive states like Connecticut or New Jersey.

How hard is it to get National Merit Scholarship?

A finalist chances of winning

Ultimately, a National Merit finalist has about a 50% chance of being selected as a National Merit scholar. 7,250 finalists will become National Merit Scholars, receiving a National Merit Scholarship amount of $2,500 to help cover the cost of college.

What is the lowest score for National Merit?

The Selection Index ranges from 48-228 and is equal to the sum of your test scores for Math, Reading, and Writing and Language. For the 2022 scholarship cycle, 207 represented the national qualifying score cutoff.

Do I 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 ...

Is National Merit worth it?

While the National Merit Scholarship provides significant financial benefits, it can also lead to additional financial advantages. Many colleges offer additional scholarships or grants to National Merit Scholars, and some even cover the full cost of attendance.

How do you know if you qualify for National Merit?

How can students tell whether they have met entry requirements? Students should check their PSAT/NMSQT Score Reports to see whether an asterisk appears next to their Selection Index score. If an asterisk is present, then the student does not meet entry requirements for the National Merit Scholarship Program.

Do all National Merit finalists get money?

Although all students who become Finalists are outstanding, not all Finalists receive a Merit Scholarship award. Of the 15,000 Finalists in the 2024 program, about half will win an award, and no student will receive more than one scholarship offer from NMSC.

How many National Merit finalists are there 2023?

The 2,500 Merit Scholar designees were chosen from a talent pool of more than 15,000 outstanding Finalists in the 2023 National Merit Scholarship Program.

Is National Merit Scholar worth it?

At the very least, doing well in the National Merit Scholarship Program can boost your odds in the college application process. Award amounts are the focus of many frequently asked questions about the scholarship program and its benefits, but dollars aren't the only measure of how Merit Scholars benefit.

Is National Merit hard?

How hard is it to get the National Merit Scholarship? Earning a National Merit Scholarship is a rigorous academic process that is not guaranteed by any one action. Less than 1% of the approximately 1.5 million high school students who take the PSAT will become a National Merit Scholar.

Is NHS a National Merit?

National Merit Finalist and National Merit Scholar recognition are both appropriately designated as National honors. Since National Honor Society selection is done at the school level, you should designate it as a school honor.

What percentage of students get National Merit?

At the end of the competition, a select group of Finalists are chosen to receive $2500 National Merit Scholarships. Scholarship winners represent less than 1% of the initial pool of student entrants.

What is the difference between a semifinalist and a finalist in National Merit?

To compete for National Merit Scholarships, Semifinalists must advance to the Finalist level of the competition by fulfilling several additional requirements. A Semifinalist can become a Finalist and compete for a Merit Scholarship award in only one program year.

How is National Merit score calculated?

National Merit Scholarship Corporation (NMSC) uses the Selection Index score as an initial screen of students who enter its scholarship programs. To calculate an NMSC Selection Index score, double the Reading and Writing score and add it to the Math score. The Selection Index score is the sum divided by 10.

How do you know if you are a National Merit Semifinalist?

National Merit Semifinalist Qualifying Scores

The NMSC uses its own Selection Index to determine which students qualify as Commended Students and Semifinalists. In general, students who score in the top 3-4% are named Commended Scholars, while students who score in the top 1% are deemed Semifinalists.

What do National Merit finalists get?

National Merit^® $2500 Scholarships

All Finalists compete with all other Finalists in their state or other selection unit. Awards provide a one-time payment of $2,500.

What happens if you get National Merit?

In the National Merit^® Scholarship Program, three types of Merit Scholarship^® awards are offered to Finalists: National Merit $2500 Scholarships, corporate-sponsored Merit Scholarship awards, and college-sponsored Merit Scholarship awards.

Is National Merit 99th percentile?

The NMS is typically associated with the top 1% of test takers. The 99th percentile for the PSAT is 690 for evidence-based reading and writing and 720 for math, yielding a total score of 1410.