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So of the many NMF's who end up enrolling at HYPS, etc, only those that are also awarded corporate or one time awards are counted among the 8000 NMScholar annual total.
There is a fairly large gap between the PSAT cut-offs for NMSF in the "easiest" states vs. the "hardest" states.
Colleges and universities sponsor National Merit Scholarships that are renewable and cover up to four years of undergraduate study at the sponsor institution. Stipends range from $500 to $2,000 per year. Within those limits, officials at the college determine each winner's annual Merit Scholarship® stipend using financial information filed with the institution.