PSAT - WHAT IS THE NATIONAL MERIT SCHOLARSHIP? THIS IS A SCHOLARSHIP THAT IS GIVEN TO THE VERY, VERY TOP PERFORMERS ON THE PSAT.
HERE IS THEIR WEBSITE:
HERE IS A QUOTE FROM THEIR WEBSITE WHICH I THINK SUMMARIZES THE INFORMATION WELL:
The National Merit® Scholarship Program is an academic competition for recognition and scholarships that began in 1955. High school students enter the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT®)–a test which serves as an initial screen of approximately 1.4 million entrants each year–and by meeting published program entry/participation requirements.Of the 1.4 million entrants, some 50,000 with the highest PSAT/NMSQT® Selection Index scores (critical reading + mathematics + writing skills scores) qualify for recognition in the National Merit® Scholarship Program. In April following the fall test administration, high-scoring participants from every state are invited to name two colleges or universities to which they would like to be referred by NMSC. In September, these high scorers are notified through their schools that they have qualified as either a Commended Student or Semifinalist.
Commended Students
In late September, more than two-thirds or about 34,000 of the approximately 50,000 high scorers on the PSAT/NMSQT® receive Letters of Commendation in recognition of their outstanding academic promise. Commended Students are named on the basis of a nationally applied Selection Index score that may vary from year to year and is below the level required for participants to be named Semifinalists in their respective states. Although Commended Students do not continue in the competition for Merit Scholarship® awards, some of these students do become candidates for Special Scholarships sponsored by corporations and businesses.
Semifinalists
In early September, about 16,000 students, or approximately one-third of the 50,000 high scorers, are notified that they have qualified as Semifinalists. To ensure that academically able young people from all parts of the United States are included in this talent pool, Semifinalists are designated on a state representational basis. They are the highest scoring entrants in each state. NMSC provides scholarship application materials to Semifinalists through their high schools. To be considered for a Merit Scholarship® award, Semifinalists must advance to Finalist standing in the competition by meeting high academic standards and all other requirements explained in the materials provided to each Semifinalist. Click here to learn about requirements for becoming a Finalist in the 2008 National Merit® Scholarship Program. (Adobe Acrobat Reader 5.0 or above is required.)
Finalists
In February, some 15,000 Semifinalists are notified by mail at their home addresses that they have advanced to Finalist standing. High school principals are notified and provided with a certificate to present to each Finalist.
Winner Selection
All winners of Merit Scholarship® awards (Merit Scholar® designees) are chosen from the Finalist group, based on their abilities, skills, and accomplishments–without regard to gender, race, ethnic origin, or religious preference. A variety of information is available for NMSC selectors to evaluate–the Finalist's academic record, information about the school's curricula and grading system, two sets of test scores, school official's written recommendation, information about the student's activities and leadership, and the Finalist's own essay.
Types of Merit Scholarship® Awards
Beginning in March and continuing to mid-June, NMSC notifies approximately 8,200 Finalists at their home addresses that they have been selected to receive a Merit Scholarship® award. Merit Scholarship awards are of three types:
National Merit® $2500 Scholarships Every Finalist competes for these single payment scholarships, which are awarded on a state representational basis. Winners are selected without consideration of family financial circumstances, college choice, or major and career plans.
Corporate-sponsored Merit Scholarship awardsCorporate sponsors designate their awards for children of their employees or members, for residents of a community where a company has operations, or for Finalists with career plans the sponsor wishes to encourage. These scholarships may either be renewable for four years of undergraduate study or one-time awards.
College-sponsored Merit Scholarship awardsOfficials of each sponsor college select winners of their awards from Finalists who have been accepted for admission and have informed NMSC by the published deadlines that the sponsor college or university is their first choice. These awards are renewable for up to four years of undergraduate study. The published deadlines for reporting a sponsor college as first choice can be viewed on page 3 of the leaflet Requirements and Instructions for Semifinalists in the 2008 National Merit® Scholarship Program. (Adobe Acrobat Reader 5.0 or above is required.)
Merit Scholarship awards are supported by some 500 independent sponsors and by NMSC's own funds. Sponsor organizations include corporations and businesses, company foundations, professional associations, and colleges and universities.
Special Scholarships
Every year, some 1,500 National Merit® Program participants, who are outstanding but not Finalists, are awarded Special Scholarships provided by corporations and business organizations for students who meet the sponsor's criteria. To be considered for a Special Scholarship, students must meet the sponsor's criteria and entry requirements of the National Merit Scholarship Program. They also must submit an entry form to the sponsor organization. Subsequently, NMSC contacts a pool of high-scoring candidates through their respective high schools. These students and their school officials submit detailed scholarship applications. A committee of NMSC professional staff evaluates information about candidates' abilities, skills, and accomplishments and chooses winners of the sponsor's Special Scholarships. These scholarships may either be renewable for four years of undergraduate study or one-time awards.
A list of corporate organizations that sponsor Merit Scholarship® awards and/or Special Scholarships is given in the PSAT/NMSQT® Official Student Guide.
The National Merit® Scholarship Program is an academic competition for recognition and scholarships that began in 1955. High school students enter the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT®)–a test which serves as an initial screen of approximately 1.4 million entrants each year–and by meeting published program entry/participation requirements.Of the 1.4 million entrants, some 50,000 with the highest PSAT/NMSQT® Selection Index scores (critical reading + mathematics + writing skills scores) qualify for recognition in the National Merit® Scholarship Program. In April following the fall test administration, high-scoring participants from every state are invited to name two colleges or universities to which they would like to be referred by NMSC. In September, these high scorers are notified through their schools that they have qualified as either a Commended Student or Semifinalist.
Commended Students
In late September, more than two-thirds or about 34,000 of the approximately 50,000 high scorers on the PSAT/NMSQT® receive Letters of Commendation in recognition of their outstanding academic promise. Commended Students are named on the basis of a nationally applied Selection Index score that may vary from year to year and is below the level required for participants to be named Semifinalists in their respective states. Although Commended Students do not continue in the competition for Merit Scholarship® awards, some of these students do become candidates for Special Scholarships sponsored by corporations and businesses.
Semifinalists
In early September, about 16,000 students, or approximately one-third of the 50,000 high scorers, are notified that they have qualified as Semifinalists. To ensure that academically able young people from all parts of the United States are included in this talent pool, Semifinalists are designated on a state representational basis. They are the highest scoring entrants in each state. NMSC provides scholarship application materials to Semifinalists through their high schools. To be considered for a Merit Scholarship® award, Semifinalists must advance to Finalist standing in the competition by meeting high academic standards and all other requirements explained in the materials provided to each Semifinalist. Click here to learn about requirements for becoming a Finalist in the 2008 National Merit® Scholarship Program. (Adobe Acrobat Reader 5.0 or above is required.)
Finalists
In February, some 15,000 Semifinalists are notified by mail at their home addresses that they have advanced to Finalist standing. High school principals are notified and provided with a certificate to present to each Finalist.
Winner Selection
All winners of Merit Scholarship® awards (Merit Scholar® designees) are chosen from the Finalist group, based on their abilities, skills, and accomplishments–without regard to gender, race, ethnic origin, or religious preference. A variety of information is available for NMSC selectors to evaluate–the Finalist's academic record, information about the school's curricula and grading system, two sets of test scores, school official's written recommendation, information about the student's activities and leadership, and the Finalist's own essay.
Types of Merit Scholarship® Awards
Beginning in March and continuing to mid-June, NMSC notifies approximately 8,200 Finalists at their home addresses that they have been selected to receive a Merit Scholarship® award. Merit Scholarship awards are of three types:
National Merit® $2500 Scholarships Every Finalist competes for these single payment scholarships, which are awarded on a state representational basis. Winners are selected without consideration of family financial circumstances, college choice, or major and career plans.
Corporate-sponsored Merit Scholarship awardsCorporate sponsors designate their awards for children of their employees or members, for residents of a community where a company has operations, or for Finalists with career plans the sponsor wishes to encourage. These scholarships may either be renewable for four years of undergraduate study or one-time awards.
College-sponsored Merit Scholarship awardsOfficials of each sponsor college select winners of their awards from Finalists who have been accepted for admission and have informed NMSC by the published deadlines that the sponsor college or university is their first choice. These awards are renewable for up to four years of undergraduate study. The published deadlines for reporting a sponsor college as first choice can be viewed on page 3 of the leaflet Requirements and Instructions for Semifinalists in the 2008 National Merit® Scholarship Program. (Adobe Acrobat Reader 5.0 or above is required.)
Merit Scholarship awards are supported by some 500 independent sponsors and by NMSC's own funds. Sponsor organizations include corporations and businesses, company foundations, professional associations, and colleges and universities.
Special Scholarships
Every year, some 1,500 National Merit® Program participants, who are outstanding but not Finalists, are awarded Special Scholarships provided by corporations and business organizations for students who meet the sponsor's criteria. To be considered for a Special Scholarship, students must meet the sponsor's criteria and entry requirements of the National Merit Scholarship Program. They also must submit an entry form to the sponsor organization. Subsequently, NMSC contacts a pool of high-scoring candidates through their respective high schools. These students and their school officials submit detailed scholarship applications. A committee of NMSC professional staff evaluates information about candidates' abilities, skills, and accomplishments and chooses winners of the sponsor's Special Scholarships. These scholarships may either be renewable for four years of undergraduate study or one-time awards.
A list of corporate organizations that sponsor Merit Scholarship® awards and/or Special Scholarships is given in the PSAT/NMSQT® Official Student Guide.
SO LETS SEE 8250 FINALISTS OUT OF 1.4 MILLION STUDENTS. HMMM. THAT WOULD BE ABOUT 33 STUDENTS OUT OF EVERY 5,600 STUDENTS OR ROUGHLY 5 STUDENTS OUT OF EVERY 1000. PRETTY SMALL ODDS. SOME HIGH SCHOOLS WILL HAVE NO FINALISTS, OTHERS MAY HAVE ONE AND OTHERS MAY HAVE SEVERAL. BOTTOM LINE HERE IS THAT IT IS VERY HARD TO GET. MOST STUDENTS WHO WANT TO GET IT USE IT ONLY FOR BRAGGING RIGHTS AND ARE NOT FROM FAMILIES WHO TRULY NEED THE MONEY. SUPER BOTTOM LINE IS YOU WOULD BE BETTER OFF GETTING AN AWESOME SCORE ON YOUR REAL SAT AND USING ANY TUTORING MONEY FOR TUTORING OF THE REAL SAT. DOING GOOD ON THE REAL SAT I CAN GET YOU INTO AN AWESOME COLLEGE AND GET YOU A LOT OF SCHOLARSHIP MONEY.
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