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Home Plan for College Scholarships College Scholarships Qualifying for Scholarships with the PSAT/NMSQT
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  • Preparing for the PSAT
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Qualifying for Scholarships with the PSAT/NMSQT

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By Edvisors Network
Updated on March 5, 2025
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The Preliminary SAT (PSAT), also known as the National Merit Scholarship Qualifying Test (NMSQT), offers a unique opportunity for students. Not only does it serve as a great way to practice for the SAT, but it also opens the door to scholarships and academic honors. Co-sponsored by the College Board and the National Merit Scholarship Corporation (NMSC), the PSAT is a key step for ambitious students aiming to stand out and achieve their goals.

Key Takeaways for Qualifying for Scholarships with the PSAT/NMSOT
 
  • Taking the PSAT/NMSQT can qualify students for scholarships like the National Merit Scholarship Program.
  • It is recommended to take the PSAT/NMSQT during your sophomore or junior year of high school.
  • If you score well on the test may become eligible for National Merit Corporation-sponsored scholarships and awards, as well as college scholarship opportunities from participating colleges and universities.
  • Scholarships and awards range from small local scholarships up to full tuition at many private colleges and universities.

 

Assessment of Academic Skills

The PSAT/NMSQT measures the skills a student has developed in math, reading and writing. It can help students identify academic skills that need improvement. Typically, students take the test as sophomores and juniors, although some take it earlier.

The test is given every October on two different test dates. (In 2014, the test is offered on October 15 and 18). To find out which date their school is offering the test, students should check out PSAT/NMSQT High School Search. They should also ask their high school counselor about registering for the test and getting a copy of the PSAT/NMSQT Official Student Guide. Reviewing the guide will help the student to become familiar with the types of questions, to access practice questions as well as tips for preparing for the test.

The PSAT/NMSQT takes 2 hours and 10 minutes to complete. It is made up of 5 sections: two 25-minute critical reading sections, two 25-minute math sections and one 30-minute writing-skills section. According to the College Board, "the critical reading sections include multiple-choice sentence completions and critical-reading questions. The math sections include both multiple-choice questions and problem-solving. For the writing skills section, students answer multiple-choice questions related to identifying sentence errors, improving sentences and improving paragraphs."

Preparing for the PSAT

According to the College Board, "the best way to prepare for the PSAT/NMSQT is to take challenging courses, read widely, write frequently and develop problem-solving skills both in the classroom and through extracurricular activities. These are the same habits that prepare students for the SAT and AP exams as well as college and career."

Qualifying for Scholarships

If the student is a junior, his or her PSAT/NMSQT score might qualify the student for merit- or need-based scholarships and recognition through the National Merit Scholarship Corporation. Even though only juniors can qualify for scholarships and academic recognition, taking the PSAT/NMSQT before the junior year is also helpful. Students who do so will have more time to use the personalized feedback on their skill strengths and weaknesses after taking the test to boost their academic skills and to start planning for college.

All juniors who take the PSAT/NMSQT are automatically entered in the National Merit Scholarship competition, the largest merit-based scholarship competition in the country.

 

The National Merit Scholarship Corporation (NMSC) provides a Score Report Plus to students, detailing their Selection Index score (combining critical reading, mathematics, and writing skills). Students meeting specific criteria become Semifinalists by demonstrating exceptional academic performance and fulfilling additional requirements like submitting an essay, securing school endorsement, and achieving qualifying SAT scores. Around 1.5 million students are recognized as Semifinalists annually by the NMSC.

Students who qualify as Semifinalists in the National Merit Scholarship program and meet academic and other standards will advance to the Finalist level to compete for one of more than 55,000 annual recognitions in the National Merit program and National Achievement program.

Scholars are notified, on a rolling basis, beginning in late February and ending in June, of their status.

Types of Scholarships

The National Merit Scholarship Program offers three types of Merit Scholarship awards to Finalists:

  • National Merit $2,500 Scholarships
  • Corporate-sponsored Merit Scholarship awards
  • College-sponsored Merit Scholarship awards

The National Achievement Scholarship Program awards Special Scholarships to outstanding students who are not Finalists but meet a corporate sponsor’s selection criteria. In 2015, two types of scholarships are offered:

  • National Achievement $2,500 Scholarships
  • Corporate-sponsored Achievement Scholarships
 

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Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

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