I found this info about Scholarships in one of the old articles (Pls note OLD SAT 2250 = 1540 new SAT)
Presidential Scholarships, which are merit-based, are targeted
to students who have a combined score of at least 2250 on all
three sections of the SAT: Critical Reading, Mathematics and
Writing–this is an average score of 750 per section–include full
tuition and fees plus a stipend that is intended to cover the total
costs of commuting or room and board.
While students who typically have the academic records and
test scores to earn a Presidential Scholarship also have the credentials to gain admission to other exceptionally selective
schools, a scholarship that is more like a fellowship, nearly a
free education, is a tempting opportunity.
These scholarships are awarded through the individual colleges
within Rutgers, so the required grades and test scores among
recipients may vary. The number awarded, however, has increased from 20 in 2006 to 115 for the upcoming academic
year. This, says Courtney McAnuff, the university’s Vice President for Enrollment Management, is because the university has
attracted more, in terms of numbers, students who qualify academically.
Scarlet Scholarships are awarded to students with a combined
score of 1950–this is an average of 650 per section–and range
between $3,500 and $7,500. Sadly, Rutgers does not offer
merit-based scholarship aid to students who score lower on the
standardized exams.