Academic scholarships are also known as merit scholarships, and they’re not so easy to win. Each year, out of 1.4 million juniors, only around 50,000 students get academic scholarships.
The amount of financial aid they get varies. Some of them get around $2,500, and others get considerably more. The only way to get this scholarship is to take the PSAT, which around 3.5 million high school students in the US do every year.