<p>@daddio: You are mistaken on several points. The new NMF is $30,000/year which is about a 75% scholarship, not 50%. You do not need to be an NMF Finalist to get the Scholars program. Acceptance as a Scholar is holistic and not based on a single test like the NMF. Also, NMF and other merit scholarships cannot be stacked. NMF and need based grants can be stacked for lower income students, depending on need. </p>