The National Merit Scholarship recognizes the top college-bound seniors by PSAT score. “Commended” scholars are the top 5% of PSAT test-takers nationwide. The more prestigious “Semifinalist” scholars are the top 1% of PSAT test-takers in each state. Most Semifinalists go on to become Finalists and are eligible for big scholarships including entirely free tuition, room, and board at major public colleges.