About 15,000 students were selected as finalists from among more than 1.6 million students who entered into the program after taking last year’s Preliminary SAT/National Merit Scholarship Qualifying Test.
Nate will be eligible to win one of three types of scholarships. The National Merit Scholarship is a $2,500 single-payment offered on a state-representational basis. Winners are selected without consideration of family financial circumstances, college choice, or major and career plans. Corporate-sponsored Merit Scholarships are designated by the sponsor and may either be renewable for four years of undergraduate study or one-time awards. College-sponsored Merit Scholarships are renewable for up to four years of study and are awarded by sponsor colleges to students who have been accepted and have that school as their first choice.
Those who have been selected as Merit Scholarship winners will be announced between now and June.