<p>I always thought that National Merit was a single-payment scholarship, but what is the renewable 4-year scholarship? Are those the corporate scholarships?</p>
<p>National</a> Merit Scholarship Corporation - Services for Scholarship Winners
^^^The last question</p>
<p>As far as I know the renewable scholarships are done through the school. Otherwise, the corporate scholarships are one year only.</p>
<p>My son’s “renewable” NM scholarship is sponsored by his university. While there are no specific requirements for retaining the award beyond still being enrolled full-time, it is necessary to fill out a form each year (provided by the National Merit Corp.) in order to continue receiving it.</p>
<p>The amount of the college-sponsored awards depends on the university. Many universities don’t sponsor any, some have variable amounts depending on whether or not the students is eligible for need-based aid, and some have variable amounts depending on whether or not the student has received any other merit awards from that school.</p>
<p>Some corporate-sponsored NM scholarships are usually renewable. D got a corporate-sponsored NM at $2000/yr, renewable to cover up to 4 yrs.</p>