General, Special Competition/Application Scholarships?

Zetesis
Mon, 27 Apr 2009 16:31:13 +0000

National Merit Awards are somewhat confusing. This is from their website:



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.



I gather, then, that institutions can give larger awards to students with NMSF designation, but that the institution makes up the difference financially from other sources when it gives larger grants and that award doesn’t fall under these particular guidelines from the NMSC. Anybody else have an explanation?