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Colleges that offer National Merit Scholarships to Finalists

Written by Gabriel Jimenez-Ekman

Gabriel Jimenez-Ekman is a content editor and writer at Scholarships360. He has managed communications and written content for a diverse array of organizations, including a farmer’s market, a concert venue, a student farm, an environmental NGO, and a PR agency. Gabriel graduated from Kenyon College with a degree in sociology.

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Posted: March 20th, 2024
If you scored exceptionally on the PSAT/NMSQT, you may have been named a National Merit Finalist. The award itself does not come with a cash prize, but some colleges sponsor National Merit Finalist scholarships for admitted students. The colleges on this list all award scholarships to National Merit Finalists who gain admission. Scroll down to check out your options for cashing in on your great PSAT/NMSQT performance!
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65 colleges
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Franklin W Olin College of Engineering

Needham, MA • Private, Non-Profit, Suburb

Needham, MA

Private, Non-Profit, Suburb

18% acceptance rate
361 undergraduate students
97% graduation rate
$21,474 average per year after aid
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Top College Top College

Harvey Mudd College

Claremont, CA • Private, Non-Profit, Suburb

Claremont, CA

Private, Non-Profit, Suburb

10% acceptance rate
905 undergraduate students
94% graduation rate
$30,026 average per year after aid
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Top College Top College: Affordability

University of Florida

Gainesville, FL • Public, City

Gainesville, FL

Public, City

30% acceptance rate
34,044 undergraduate students
91% graduation rate
$3,679 average per year after aid
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Top College Top College: Affordability

Vanderbilt University

Nashville, TN • Private, Non-Profit, City, Need-Blind

Nashville, TN

Private, Non-Profit, City, Need-Blind

7% acceptance rate
7,104 undergraduate students
93% graduation rate
$22,204 average per year after aid
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Top College Top College: Affordability

Bowdoin College

Brunswick, ME • Private, Non-Profit, Town, Need-Blind

Brunswick, ME

Private, Non-Profit, Town, Need-Blind

9% acceptance rate
1,948 undergraduate students
94% graduation rate
$16,925 average per year after aid
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Top College Top College: Affordability

Colby College

Waterville, ME • Private, Non-Profit, Town

Waterville, ME

Private, Non-Profit, Town

9% acceptance rate
2,262 undergraduate students
87% graduation rate
$17,739 average per year after aid
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University of Southern California

Los Angeles, CA • Private, Non-Profit, City

Los Angeles, CA

Private, Non-Profit, City

13% acceptance rate
20,619 undergraduate students
92% graduation rate
$25,972 average per year after aid
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Northwestern University

Evanston, IL • Private, Non-Profit, City, Need-Blind

Evanston, IL

Private, Non-Profit, City, Need-Blind

7% acceptance rate
8,691 undergraduate students
95% graduation rate
$28,230 average per year after aid
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Top College Top College: Affordability

University of Maryland-College Park

College Park, MD • Public, Suburb

College Park, MD

Public, Suburb

52% acceptance rate
30,368 undergraduate students
88% graduation rate
$17,500 average per year after aid
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University of Wisconsin-Madison

Madison, WI • Public, City

Madison, WI

Public, City

60% acceptance rate
33,506 undergraduate students
89% graduation rate
$16,708 average per year after aid
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Washington and Lee University

Lexington, VA • Private, Non-Profit, Town

Lexington, VA

Private, Non-Profit, Town

19% acceptance rate
1,850 undergraduate students
94% graduation rate
$27,417 average per year after aid
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Emory University

Atlanta, GA • Private, Non-Profit, City

Atlanta, GA

Private, Non-Profit, City

13% acceptance rate
7,050 undergraduate students
90% graduation rate
$25,424 average per year after aid
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Top College Top College: Affordability

Michigan State University

East Lansing, MI • Public, City

East Lansing, MI

Public, City

83% acceptance rate
38,424 undergraduate students
82% graduation rate
$10,925 average per year after aid
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Villanova University

Villanova, PA • Private, Non-Profit, Suburb

Villanova, PA

Private, Non-Profit, Suburb

25% acceptance rate
7,000 undergraduate students
91% graduation rate
$34,784 average per year after aid
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Top College Top College: Affordability

Rutgers University-New Brunswick

New Brunswick, NJ • Public, City

New Brunswick, NJ

Public, City

68% acceptance rate
35,827 undergraduate students
84% graduation rate
$15,365 average per year after aid
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Top College Top College: Affordability

Dickinson College

Carlisle, PA • Private, Non-Profit, City

Carlisle, PA

Private, Non-Profit, City

48% acceptance rate
2,138 undergraduate students
82% graduation rate
$15,554 average per year after aid
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Boston University

Boston, MA • Private, Non-Profit, City

Boston, MA

Private, Non-Profit, City

19% acceptance rate
17,501 undergraduate students
89% graduation rate
$26,170 average per year after aid
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Top College Top College: Affordability

Florida State University

Tallahassee, FL • Public, City

Tallahassee, FL

Public, City

37% acceptance rate
33,368 undergraduate students
83% graduation rate
$9,561 average per year after aid
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Top College Top College
Top College Top College: Affordability

Brigham Young University

Provo, UT • Private, Non-Profit, City

Provo, UT

Private, Non-Profit, City

59% acceptance rate
31,642 undergraduate students
77% graduation rate
$13,522 average per year after aid
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Northeastern University

Boston, MA • Private, Non-Profit, City

Boston, MA

Private, Non-Profit, City

18% acceptance rate
15,645 undergraduate students
91% graduation rate
$34,255 average per year after aid
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About the Data

We sort colleges on our lists according to their Scholarships360 Top Colleges Index Score. This score is calculated using up-to-date information taken directly from the College Scorecard. Additional information is sourced from the colleges themselves, as well as other publicly available information. If you see an error, feel free to contact us.

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