Deadline for choosing first choice college?

Hi all - Does anyone know if there is a penalty or risk of missing out on a NMF scholarship if the selection is not made by March 1st? My D18 isn’t applying anywhere with a large NMF scholarship, but several of her choices offer smaller awards that she’d want to take advantage of if she makes NMF. Problem is, she probably won’t know her top choice by March 1st - she may not know until April 1st when she hears from a couple of last RD options. Is there a disadvantage to still being marked “undecided” on March 1st? Does she risk the scholarship $ all being given away to other NMF applicants? Thanks for any advice on this!

Are they NM sponsor schools? If so, they may have a deadline of March 1 and she’d just have to ask each school. If they aren’t a sponsor school, then the March 1 thing doesn’t apply to them because NM only notifies 1st choice schools that are also sponsor schools (that’s my understanding anyway).

Thanks for the response! I believe some of them are and some aren’t - we’re still trying to get that figured out for each of the schools. One of the schools that offers the larger scholarship - $5,000 as opposed to $2,000 from most - won’t notify her of admission until late March. I guess we’ll contact each school’s financial aid office once she finds out for sure if she’s NMF - hopefully this week!