Congratulations on progressing to National Merit Finalist status! While you may be enjoying the recognition this has afforded you within your school and community, you might also be wondering what this designation means for you from a financial perspective?
According to the National Merit Scholarship Corporation, about 50-60% of National Merit Finalists receive funding as a result of their status. You could receive one of three types of awards:
- A one-time $2,500 scholarship from the National Merit Scholarship Corporation. All Finalists are automatically considered for this award, but the NMSC awards it only to the top of the National Merit Finalist pool.