The 13,500 finalists will be eligible for three types of cash awards worth a total of $18 million to be made next spring. Next spring, 90 percent of the semifinalists will be selected as finalists on the basis of recommendations from principals, school records, scores on the Scholastic Aptitude Test and short essays about their interests, accomplishments and goals. The semifinalists in the National Merit Scholarship Corporation's annual competition represent one-half of 1 percent of all high school seniors in the country.
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