President's Scholarship at CSULB -- anyone who received this award who can offer some advice?

My kid is looking to apply at CSULB for President’s Scholarship and was wondering whether he has a decent chance to get it. His stats:

Attends a very competitive HS in Southern CA (school does not rank). He thinks he’s in top 30 out of some 500 in his class but he’s not sure because there are too many smart kids. Lol

3.9 unweighted GPA with many APs and Honors courses (I think something close to 4.3 weighted under UC system)

National Merit Semi-finalist (in process of applying for NMF status)

Good to very good ECs

Wants to major in Int’l Studies and minor in Int’l Business.

Thanks in advance. Would appreciate any advice/comments.