PSAT/NMSQT - Scholarships

By taking the PSAT/NMSQT, you qualify to take the various scholarships programs. Scholarship winners are chosen on the basis of their aptitude, talent, and skills. (NMSC) programs are regarded as some of the highest educational honors that can be attained by any U.S. high school student. Students who achieve scholarship are considered to be academically successful.

NMSC uses the Selection Index score (the cumulative sum of the critical reading, mathematics, and writing skills scores) on the PSAT/NMSQT as an initial step to designate groups of students to be honored in the test. As a co-sponsor of the PSAT/NMSQT, (NMSC) receives all students' scores.

A Total of 9,600 Scholarships Offered        

 National Merit $2500
Scholarships
 Corporate-sponsored
Merit Scholarships
 Corporate-sponsored
Special Scholarships
College-sponsored
Merit Scholarships         
Who is considered?
 All Finalists compete
with all other Finalists
in their state or other
selection unit.
Finalists who meet
criteria specified by
a corporate sponsor, usually:
• children of employees;• residents of specificcommunities; or
• Finalists with certain college major
or career plans
High performing
program participants (although not
Finalists) who meet
a sponsor’s criteria;
most are for:
• children of
employees;
• residents of specific
communities; or
• participants with
certain college
major or career
plans

 
Finalists who plan
to attend a sponsor
college and have
informed NMSC that
the sponsor college is
their first choice
Who selects
winners?  
 A committee of college
admission officers and
high school counselors
NMSC’s professional
staff
 NMSC’s professional
staff
 Officials of each
sponsor college
What is the
monetary value?
 Awards provide a
one-time payment of
$2,500.
 Varies by sponsor—
awards can be onetime or renewable(See table 2).
 Varies by sponsor—
awards can be onetime or renewable. (See table 2)
 Awards are renewable
for 4 years of study at
the sponsor institution. Stipends range
from $500 to $2,000
When does NMSC
begin sending
scholarship offers?
 Late March Early March Early March Late April

Table 2

 Type of Award Type of Stipend
 Stipend Ranges
  Renewable Variable $500–$10,000 per year
  Renewable Fixed $1000–$5,000 per year
 One -time
 Single-payment $2,500–$5,000

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