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SCHOLARSHIP GUIDE
National Merit Scholarship guide. PSAT qualifying scores, semifinalist timeline, finalist requirements, and scholarship amounts explained for 2026.
Award Amount
$2,500 (one-time) or corporate/college-sponsored awards up to full ride
Deadline
PSAT taken October of junior year
Renewability
$2,500 award is one-time; corporate and college-sponsored awards vary
Official Site
Apply→US citizens or permanent residents scoring in the top 1% on the PSAT/NMSQT (Selection Index varies by state, typically 212-224).
Check eligibility requirements and gather necessary documents before the deadline (PSAT taken October of junior year).
Visit the official application portal and create an account.
Complete the application, including essays and supporting materials.
Submit before the deadline and follow up to confirm receipt.
The qualifying Selection Index varies by state and year. Most states require a Selection Index of 212-224 (out of 228). Top states like NJ and MA have higher cutoffs.
About 1.5 million students take the PSAT; 16,000 are named Semifinalists; about 7,500 receive National Merit Scholarships.
Written by AdmitPath team
Verified against official scholarship sources. Last updated August 2026.
Use the AdmitPath Scholarship Match tool to find scholarships you qualify for.