DeWitt Wallace Scholarship

I was wondering if this scholarship (which appears to be around $10k-$15k annually) is prestigious and how selective it is to receive it at Macalester?

From the Macalester Website: “DeWitt Wallace Distinguished Scholarships are awarded on a highly competitive basis to some students who are National Merit Finalists or Commended students.” I think the scholarship is fairly competitive, but merit aid is much easier to come by at a school like Macalester than it is at other top 25 LACs. I received the DeWitt Wallace scholarship for $17,000 per year, and I am not a National Merit Scholar and my scores are not superb. I do, however, have good grades and my application was quite strong. Congratulations on receiving the scholarship!