Many colleges also provide additional scholarships based on National Merit status.
Are you hoping to earn scholarship money by taking the PSAT?
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Each state has a different Selection Index that is used to determine the Semifinalist status.
Some states have higher Selection Indexes than other states do.The Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) is a test offered by College Board (the people behind both the SAT and AP) and co-sponsored by the National Merit Scholarship Corporation (NMSC).The format of the PSAT is very similar to the SAT and consists of the same sections: Reading, Writing and Language, and Math Tests.Many people like to view the PSAT as a way to gauge how you would do on the actual SAT.However, the difference between the PSAT and the SAT is that there is no essay like there is on the SAT with SAT Essay.More info about the SAT here: Semifinalists who report a college as their first choice school and are admitted to that school may receive a college-sponsored scholarship if they have not been offered another National Merit scholarship.In February, about 15,000 Semifinalists advance to become Finalists and are notified by mail of their Finalist standing.Then, in March, 7,500 Finalists are notified that they have been awarded a National Merit Scholarship, based on their academic achievements, activities, leadership, essay, and recommendation from a school official.There are 3 types of National Merit Scholarships: There are also Special Scholarships awarded to about 1,200 National Merit Program participants who are not Finalists.If your PSAT score is high enough for you to qualify, you will be designated as either a Commended or Semifinalist student.The top 1.25 percent of test takers become National Merit Semifinalists, and the next 3 percent are Commended students and receive an honorary certificate.