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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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    Learn about our editorial policies

    Updated: June 6th, 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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    F

    Franklin W Olin College of Engineering

    Needham, MA • Private, Non-Profit, Suburb

    Top College Top College
    Top College Top College

    Did you know that every admitted student at Olin receives a partial scholarship covering half of the tuition? Located in Needham, Massachusetts, Olin is known for its innovative engineering curriculum…Read More

    Did you know that every admitted student at Olin receives…Read More

    19% acceptance
    94% graduation rate
    356 undergrads
    $25,924 net price
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    H

    Harvey Mudd College

    Claremont, CA • Private, Non-Profit, Suburb

    Top College Top College
    Top College Top College

    Harvey Mudd College is a private, non-profit 4-year college located in Claremont, California. There are currently 906 undergraduates at Harvey Mudd and the school’s acceptance rate is 13%. The tuition…

    Harvey Mudd College is a private, non-profit 4-year college located…Read More

    13% acceptance
    92% graduation rate
    906 undergrads
    $39,671 net price
    F

    University of Florida

    Gainesville, FL • Public, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    University of Florida is a public 4-year college located in Gainesville, Florida. There are currently 33,673 undergraduates at UF and the school’s acceptance rate is 23%. The tuition at UF…

    University of Florida is a public 4-year college located in…Read More

    23% acceptance
    90% graduation rate
    33,673 undergrads
    $6,275 net price
    V

    Vanderbilt University

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

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Located in Nashville, Tennessee, Vanderbilt University is known for its strong programs in law, medicine, and education. The university emphasizes research and interdisciplinary studies, and notable alumni include Al Gore…Read More

    Located in Nashville, Tennessee, Vanderbilt University is known for its…Read More

    7% acceptance
    93% graduation rate
    7,144 undergrads
    $20,917 net price
    B

    Bowdoin College

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

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Bowdoin College is a private, non-profit 4-year college located in Brunswick, Maine. There are currently 1,909 undergraduates at Bowdoin and the school’s acceptance rate is 9%. The tuition at Bowdoin…

    Bowdoin College is a private, non-profit 4-year college located in…Read More

    9% acceptance
    94% graduation rate
    1,909 undergrads
    $18,533 net price
    C

    Colby College

    Waterville, ME • Private, Non-Profit, Town

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Located in Waterville, Maine, Colby College boasts a unique academic schedule called the Jan Plan, which gives students all of January to focus on one specific class, internship, or project.…Read More

    Located in Waterville, Maine, Colby College boasts a unique academic…Read More

    8% acceptance
    88% graduation rate
    2,299 undergrads
    $16,507 net price
    S

    University of Southern California

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

    Top College Top College
    Top College Top College

    University of Southern California is a private, non-profit 4-year college located in Los Angeles, California. There are currently 20,505 undergraduates at USC and the school’s acceptance rate is 12%. The…

    University of Southern California is a private, non-profit 4-year college…Read More

    12% acceptance
    93% graduation rate
    20,505 undergrads
    $29,462 net price
    N

    Northwestern University

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

    Top College Top College
    Top College Top College

    Northwestern University is a private, non-profit 4-year college located in Evanston, Illinois. There are currently 8,837 undergraduates at Northwestern and the school’s acceptance rate is 7%. The tuition at Northwestern…

    Northwestern University is a private, non-profit 4-year college located in…Read More

    7% acceptance
    97% graduation rate
    8,837 undergrads
    $25,057 net price
    M

    University of Maryland-College Park

    College Park, MD • Public, Suburb

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    University of Maryland-College Park is a public 4-year college located in College Park, Maryland. There are currently 29,982 undergraduates at Maryland-College Park and the school’s acceptance rate is 45%. The…

    University of Maryland-College Park is a public 4-year college located…Read More

    45% acceptance
    89% graduation rate
    29,982 undergrads
    $16,590 net price
    W

    University of Wisconsin-Madison

    Madison, WI • Public, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    University of Wisconsin-Madison is a public 4-year college located in Madison, Wisconsin. There are currently 35,184 undergraduates at Wisconsin-Madison and the school’s acceptance rate is 49%. The tuition at Wisconsin-Madison…

    University of Wisconsin-Madison is a public 4-year college located in…Read More

    49% acceptance
    89% graduation rate
    35,184 undergrads
    $16,834 net price

    Washington and Lee University

    Lexington, VA • Private, Non-Profit, Town

    Top College Top College
    Top College Top College

    Washington and Lee University is a private, non-profit 4-year college located in Lexington, Virginia. There are currently 1,861 undergraduates at Washington and Lee and the school’s acceptance rate is 17%.…

    Washington and Lee University is a private, non-profit 4-year college…Read More

    17% acceptance
    95% graduation rate
    1,861 undergrads
    $29,479 net price
    E

    Emory University

    Atlanta, GA • Private, Non-Profit, City

    Top College Top College
    Top College Top College

    Emory University, located in Atlanta, Georgia, shares space with the Centers for Disease Control and Prevention (CDC) and offers students unique access to healthcare and public health resources. Notable alumni…Read More

    Emory University, located in Atlanta, Georgia, shares space with the…Read More

    11% acceptance
    90% graduation rate
    7,017 undergrads
    $24,142 net price
    M

    Michigan State University

    East Lansing, MI • Public, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Michigan State University is a public 4-year college located in East Lansing, Michigan. There are currently 39,021 undergraduates at Michigan State and the school’s acceptance rate is 88%. The tuition…

    Michigan State University is a public 4-year college located in…Read More

    88% acceptance
    82% graduation rate
    39,021 undergrads
    $19,449 net price
    V

    Villanova University

    Villanova, PA • Private, Non-Profit, Suburb

    Top College Top College
    Top College Top College

    Villanova University is a private, non-profit 4-year college located in Villanova, Pennsylvania. There are currently 6,926 undergraduates at Villanova and the school’s acceptance rate is 23%. The tuition at Villanova…

    Villanova University is a private, non-profit 4-year college located in…Read More

    23% acceptance
    91% graduation rate
    6,926 undergrads
    $43,090 net price
    R

    Rutgers University-New Brunswick

    New Brunswick, NJ • Public, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Rutgers University-New Brunswick is a public 4-year college located in New Brunswick, New Jersey. There are currently 36,090 undergraduates at Rutgers and the school’s acceptance rate is 66%. The tuition…

    Rutgers University-New Brunswick is a public 4-year college located in…Read More

    66% acceptance
    84% graduation rate
    36,090 undergrads
    $22,675 net price
    D

    Dickinson College

    Carlisle, PA • Private, Non-Profit, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Dickinson College is a private, non-profit 4-year college located in Carlisle, Pennsylvania. There are currently 2,083 undergraduates at Dickinson and the school’s acceptance rate is 35%. The tuition at Dickinson…

    Dickinson College is a private, non-profit 4-year college located in…Read More

    35% acceptance
    84% graduation rate
    2,083 undergrads
    $30,345 net price
    B

    Boston University

    Boston, MA • Private, Non-Profit, City

    Top College Top College
    Top College Top College

    Boston University, home to the first college radio station in the United States, has fostered influential alumni such as Martin Luther King Jr, Julianne Moore, and Howard Stern. Students can…Read More

    Boston University, home to the first college radio station in…Read More

    14% acceptance
    89% graduation rate
    17,668 undergrads
    $27,779 net price
    F

    Florida State University

    Tallahassee, FL • Public, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Did you know Florida State University in Tallahassee is home to the National High Magnetic Field Laboratory, the largest and highest-powered magnet lab in the world? Established in 1851, FSU…

    Did you know Florida State University in Tallahassee is home…Read More

    25% acceptance
    85% graduation rate
    32,691 undergrads
    $6,450 net price
    B

    Brigham Young University

    Provo, UT • Private, Non-Profit, City

    Top College Top College, Top Affordability
    Top College Top College
    Top College Top College: Affordability

    Brigham Young University is a private, non-profit 4-year college located in Provo, Utah. There are currently 31,411 undergraduates at BYU and the school’s acceptance rate is 67%. The tuition at…

    Brigham Young University is a private, non-profit 4-year college located…Read More

    67% acceptance
    79% graduation rate
    31,411 undergrads
    $13,565 net price
    N

    Northeastern University

    Boston, MA • Private, Non-Profit, City

    Top College Top College
    Top College Top College

    Northeastern University is a private, non-profit 4-year college located in Boston, Massachusetts. There are currently 16,172 undergraduates at Northeastern and the school’s acceptance rate is 7%. The tuition at Northeastern…

    Northeastern University is a private, non-profit 4-year college located in…Read More

    7% acceptance
    91% graduation rate
    16,172 undergrads
    $28,521 net price
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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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