<p>I read some of the info for Wake, and it says…</p>
<p>* with SAT-1 scores above 1500). Further, Reynolds Scholars have typically been leaders in a variety of extracurricular pursuits and won recognition for their interests at the regional, state, or national level.</p>
<p>Reynolds Scholarships have been awarded since 1982, and **up to six Reynolds **Scholars are chosen annually.*</p>
<p>Wake seems to have a few endowed scholarship that award up to 6 full ride scholarships. But, that means that the scholarship is competitive - not every student who has an SAT above 1500 would even get such a scholarship. </p>
<p>But you’re question about whether a 1470 would exclude you from consideration is unknown. The finalists are invited for interviews. Does Wake invite students who have sub 1500 scores for interviews or do they only invite those that have at least a 1500? If they invite those who have - say a 1450 - do those students ever win? You could send an email to the scholarship office and ask.</p>
<p>Competitive scholarships are always a risk. You don’t know until spring whether you’ve won one.</p>
<p>While it’s certainly fine to apply for some competitive big merit scholarships, if you need merit scholarships to attend college, then you need to ALSO apply to some schools that would give you ASSURED merit scholarships for your stats.</p>
<p>There are schools that will award you assured big merit for your stats. You should apply to a couple of those schools so that you will KNOW that at least you can afford those schools. Those schools can be your financial safety schools. </p>
<p>BTW…how much WILL your parents spend on college for you. Since you’re the youngest child, and it sounds like the children who are older than you are in grad school or older, your parents should be able to afford some amount towards your education. If your parents are paying for your siblings’ grad school and that means that they can’t contribute towards your undergrad costs, that is not right. </p>
<p>If you don’t know how much your parents will pay each year, then ask. Your options should not be getting a full-ride or not going to school at all. What if you were given a partial scholarship - such as $20k per year? </p>
<p>*I, however, have a 1470. Would 30 points really make or break my ability to get financial aid? *</p>
<p>To avoid confusion, it’s not a good idea to use the term “financial aid,” when referring to merit scholarships. Financial aid is more generally assumed to be need-based. Academic scholarships are merit-based. You need merit-based academic scholarships.</p>