NMF scholarships: unfair?

<p>I have heard a lot of the criticisms against NMF (including from my S who is NMF) and these criticisms are valid. However, what is an alternative method of giving national merit scholarships which meet the the following criteria:</p>

<p>[ol]
[<em>] Is able to pick the very top (above the 99.5%tile range) and not just people interested in art or science etc, but across the board.
[</em>]Adjusts for regional disparities, as has been pointed out someone in WY may not have the same opportunities as someone in MA
[<em>] Is fairly straightforward to administer and does not cost a fortune for the administrative costs. NMSC is self funded, no tax payer funds.
[</em>]Is as transparent as possible, so that there is no criticism or lawsuits etc.
[/ol]</p>