PSAT Scholarships

What PSAT Scholarships Can You Avail

What Are the PSAT Scholarships?

The PSAT is a standardized test which tests a test-taker’s knowledge in Critical Reading, Mathematics and Writing Skills. The PSAT test can also be called the National Merit Scholarship Qualifying Test (NMSQT) and it is administered to portray the eligibility of test-takers for National merit Scholarships. The PSAT scholarships help the students in reducing the high college fees. It enables them to continue college courses, without financial restraints. The NMSQT offers about 50000 PSAT scholarships each year. These 50000 test takers are among the commended students to be eligible for scholarships.

How Would You Get the Scholarships?

The PSAT scholarships only become available when you cross the cut-off marks of 201 in the PSAT. After the fall test, within April high scorers of every state are given the option to choose two colleges or universities, which they wish to be referred to by the NMSC. By September, these high scorers are informed, whether they have qualified for the PSAT scholarships or have become semi-finalists. Those who are the top scorers in PSAT, they become the finalist while the remaining test takers, who crosses the cut off score, become the semi-finalist for the scholarship programs. Among these top-scorers, there exists a competition, where the winners are mostly selected from the finalists. In such cases, other academic institutions offer their own range of scholarship programs in order to recruit you.

What Are the Available Types of Scholarships?

You will only be awarded the PSAT scholarships when you have a high Selection Index Score to qualify the competition for scholarships. There are other factors like the test-taker’s high school curriculum, the grading system followed by the high school, two pairs of test scores, recommendation letter of the high school official, information about the test-taker’s activities and leadership and the written essay of the test-taker.

The types of PSAT scholarships are:

  • National Merit Scholarship Corporation:

    The competition for the National Merit Scholarship Corporation (NMSC) starts from the eleventh grade. Your PSAT scores in the eleventh grade act as an elimination and selection procedure for the NMSC, out of the other 1.5 million test-takers of each year. The test-taker who is entering the PSAT scholarships competition must possess the participation prerequisites and should be eligible for published program entry. To find out whether a student deserves the scholarships, the NMSC takes into account the Selection Index Score (the sum of the scores of Critical Reading, Mathematics and Writing Skills). It then appoints the groups of students with the highest SI score for the scholarship programs.

  • National Hispanic Recognition Program:

    The National Hispanic Recognition Program (NHRP) is awarded to exemplary Hispanic or Latino high school students by the PSAT authorities. The minimum requirements for the Hispanic scholarship are:

    • The candidate must be one-quarter Hispanic or Latino as defined by the NHRP
    • The candidate must possess the minimum cutoff PSAT score, as determined by his or her respective state
    • The candidate has the least Grade Point Average (GPA) requirement

    The NHRP doles out the Hispanic Scholarship to nearly 5000 high-scoring students in each year. This figure is chalked out of the nationwide 200,000 and more applicants within the US and US territories.

  • College and University Sponsorship of Merit Scholarship® Awards:

    In each year, the colleges and universities also publish about 4800 merit scholarships to finalists who have been admitted to their college program or have applied for scholarships in their college course. Only those PSAT candidates who are the finalists of PSAT scholarships and who notify the NMSC within the deadlines, get to enjoy the College and University Sponsorship of Merit Scholarship® Awards. This merit program is valid up to four years of undergrad study and it is liable for stipends ranging from $500 to $2000 an year.

From the above discussion, you get to know about attractive PSAT scholarships, which you can achieve in case you are finalists, and among the top scorers. You will be pretty lucky if you get scholarships to finance your higher studies. However, you must keep in mind that if you do not attend the college which funds your education, then your scholarship program gets cancelled.

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