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If you have hit the minimum score and are not on the list, than it's an issue that has to be resolved.
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Yes, that's what I was saying in my earlier post, that even if you were not on the original list of students who marked Hispanic on their PSAT, you can still call up NHRP and be verified if your score and gpa make the cutoff and you meet the NHRP definition of Hispanic. Many students don't mark Hispanic for various reasons; for instance, it's optional and they don't know about the program, they don't fully understand the definition of Hispanic and don't think/have been told they aren't Hispanic, etc. We have had several on this forum who resolved this problem early in the fall and received NHRP recognition.
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Interestingly, at our school, the list of students isn't sent to the counselors but to the school administration who then responds to the college board
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Yes, many schools have administrative difficulty with the verification part. Even though D1 went through the process, D2 had to follow up several times as the person dedicated to college admissions did not get the paperwork.
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I was told by Collegeboard that I made it
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I'm not exactly sure what you mean by this, but I'm assuming it's that your PSAT score made the cutoff for your Region. If that's the case, your HS GC has to fill out a form that states that given the NHRP guidelines that you are Hispanic and report your gpa. This needs to happen before you are recognized.
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What is the advantage to this?
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This is an award/recognition that can go on your college app, you get on the radar of the colleges that participate, many schools offer scholarships (there are no scholarships directly from the CB for NHRP). For scholarships, go to the Resources sticky thread at the top of the page and look at the first thread under Scholarships.
Be sure to contact your GC as soon as school starts if you don't get ahold of them this summer.