The scholarship app is NOT time consuming....not at all....no essays.
You're going to get the Presidential Scholarship, which is free tuition.
If you're a NMSF/NMF, you'll get a lot more. Are you a NMSF???
If you're not a NMF,
since you have a high SAT, you'll likely get $4k per year in addition to the Free Tuition.
The above "extra" scholarship doesn't have a name, but is just awarded to those who have stats like yours (or ACT 35/36) who aren't NMF