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The National Merit Scholarship Corporation (NMSC) sponsors the National Merit Scholarships and National Achievement Scholarships programs, as well as the Special Scholarships These are among the largest scholarship competitions in the United States, with more than 10,000 students receiving college scholarships totalling $47 million. High school students enter the competitions by taking the PSAT test, also referred to as the National Merit Scholarship Qualifying Test (NMSQT). The top 16,000 or so students with the highest selection index scores are named Semifinalists. Of these, approximately 15,000 are named Finalists. 8,000 of the Finalists are selected to receive a National Merit Scholarship. An additional 1,600 participants who were not Finalists are selected for Special Scholarships sponsored by corporations. The National Achievement Scholarship Program recognizes outstanding African American students, with 1,600 being named Semifinalists. 1,300 of the Semifinalists are named Finalists, and 775 Finalists are selected to receive the Achievement Scholarship. Scholarship amounts in both programs range from $2,500 to renewable four-year full tuition scholarships.

Website : National Merit Scholarship Corporation - NMSC