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I think the SAT score needed this year for the $7,000 per year is around a 1300 SAT (it does go up every year, it seems). Also, make sure to apply early. My son applied late, and so he only got $1,000 per year, even though he was at the cutoff for the SAT score--his loss (and mine, too I might add--to the tune of $24,000 total over the four years).
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