I received my NMF letter in the mail today, but I am unsure about the "first-choice" school policy. I've applied to many schools, but the only school on my list that is a college sponsor is the University of Chicago ($4,000 per year). However, I applied to UChicago for Regular Decision and will not be receiving my decision until mid-March. Should I change my first-choice to UChicago since it is my only sponsor institution, or should I remain undecided because I do not know whether or not I will be accepted? I know that NMSC allows first-choice selections until May 31, but reports are sent on March 1 for the first group of students with chosen first-choices. Is there any benefit to choosing my first-choice early (March 1) rather than late (May 31)? I will not have my UChicago decision on March 1, so will sending or not sending early affect my decision? Also, will sending my report in early to a college affect my chances for a National Merit $2500 Scholarship?
Thanks in advance!