<p>My S is a current freshman and a Trustee scholar. He is also Natl Merit. He receives the Trustee plus $1000 each year for four years. The $1000 is administered via Natl Merit and the award is the school connected award (versus the Natl Merit Corp or regular Corporate award). My son’s USC account is credited twice a year ($500 in Sept, $500 in Jan) with a check from Natl Merit Corp.</p>