My daughter has just received notification that she’s receiving the $2500 one time award from National Merit Corporation (yay, her!!). Does anyone know if UA reduces their NM money if she accepts this? Or will she get the $2500 as a bonus?
Thanks!
My daughter has just received notification that she’s receiving the $2500 one time award from National Merit Corporation (yay, her!!). Does anyone know if UA reduces their NM money if she accepts this? Or will she get the $2500 as a bonus?
Thanks!
Yes, Bama reduces the stipend by $2,500 for the first year. I called about this earlier in the week. It won’t impact years 2,3, or 4. Any other scholarships except the NMS scholarship stack. Congrats!
Thanks. I figured that was the case, but the wording on the website and the letter were a little ambiguous. It is still a nice honor, which is lovely. I’m so proud of my baby!
You should be! The scholarship office said to accept the offer. Congratulations again!
For anyone else who might be curious, here is the explanation I received from the Scholarship Office.
The National Merit Finalist Package at Bama includes the following for students entering Fall 2015:
• Value of tuition for up to five years or 10 semesters for degree seeking undergraduate and
graduate studies
• One year of on-campus housing at regular room rate*
• A $3,500 per year Merit/Achievement Scholarship stipend for four years.
• One-time allowance of $2,000 for use in summer research or international study (after completing
one year of study at UA)
• iPad
Here’s how it works if the student receives the one time National Merit Corporate Scholarship for $2,500.
If a corporate-sponsored scholarship from the National Merit Corporation is received, the total value of the stipend cannot exceed $3,500. (For example, if you receive a corporate-sponsored scholarship of $2,000 per year, UA will contribute $1,500 per year to reach the total stipend amount of $3,500.)
So at Bama, the stipend would be reduced only for the first year, and that would not affect the value of the scholarship package. The student would still be receiving a total stipend of $3,500 per year for each of the first four years as long as the student maintains a minimum 3.3 GPA. The stipend is not affected for years 2, 3, or 4 since the $2,500 award from the National Merit Corporation is a one time only offer and is not renewable. Any other scholarships the student receives would stack.
Finalists should name Bama say their first choice school and forward a copy of their finalist letter to the Scholarship Office.