Name: The National Merit Scholarship Program
Award Amount: Up to $2,500 per year; additional awards available through corporate sponsors and participating colleges
Information and Eligibility:
The National Merit Scholarship Program is one of the most prestigious academic competitions in the United States, designed to recognize and reward exceptional high school students for their academic achievements and leadership potential. Established in 1955, the program is conducted by the National Merit Scholarship Corporation (NMSC) and provides several types of scholarships: National Merit $2,500 Scholarships, corporate-sponsored Merit Scholarship awards, and college-sponsored Merit Scholarship awards.
To participate, students must take the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) during their junior year of high school. High scorers—approximately the top 1% of test takers in each state—are named Semifinalists. From this group, students must submit a detailed scholarship application, which includes information on academic performance, participation in school and community activities, leadership roles, employment, honors, and awards. A recommendation from a high school official and a confirmed SAT or ACT score are also required to advance to Finalist standing.
Finalists are then considered for scholarships based on their academic record, standardized test scores, extracurricular achievements, leadership qualities, and potential for success in college. Each year, about 7,500 Finalists receive scholarships, with award types and amounts varying based on the sponsoring organization.
Eligibility criteria include:
Deadline: Varies by state; PSAT/NMSQT is taken in October of the junior year, with scholarship applications due in the fall of the senior year (typically September).
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Request to Update or Remove This Scholarship. The CollegeWhale ID number for this Scholarship is #14438. This Scholarship was added in October 2024 and last reviewed by a member of our staff on August, 2025.
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