How much does the PSAT factor into college admissions?

<p>I recently received my PSAT score and am well below the cutoff for making semifinalist/finalist. However, my SAT score is above 2300 and my GPA/other stuff is also pretty good. Will Ivy Leagues overlook me not getting semifinalist and instead focus on my SAT score? How much of a disadvantage am I at?</p>

<p>No effect other than if you get National Merit status.</p>

<p>But does not having the National Merit status set me back?</p>

<p>zero impact at schools that do not offer scholarship to NM scholars. (NMSF’s are a dime-a-dozen at the Ivies.)</p>

<p>Your 2300 is excellent and will be competitive.</p>