<p>miltonmom, it seems like you are talking about college-sponsored Merit Scholarships. The money for these scholarships comes from the particular college, so, no, they are not transferable. You still have time to change which college you designate as first choice. The other two kinds of NM Scholarships, corporate-sponsored and the single-payment National Merit $2500 Scholarship, would be transferable, but there are only about 1,100 and 2,500 of these, respectively.</p>