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College Application Strategy for Large Merit Awards

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Would love some advice. My daughter is a junior and has a good chance of being a national merit semi-finalist. We will be looking for large merit scholarships in the fall. Please comment on our Plan A, which we will execute if she does get NMSF (and) NMF status. We are starting early since she is very busy with a full AP course load, extra-curriculars, and work and it will take her months to evaluate all of the options. Apply to 3 of the following schools that are good fits: University of Tulsa, OU, U of Kentucky, Ole Miss, OSU, Texas Tech. These will be her safeties. Apply to as many relatively high ranked (1-100) competitive full-ride schools as she likes so long as she likes the school as much as or better than her safeties. These are largely lottery type scholarships though she will have a very good chance at some as she will have a very strong application (stats and all the rest). Apply to at most 3 relatively high ranked (1-100) competitive full-tuition schools with a cost of attendance after scholarships within our budget ($15,000-$20,000 per year), and she must like the schools enough that it would be worth giving up the extras we can provide if she goes to one of the safety schools. What do you think? Assuming she gets NMSF, is this a good strategy? Or is it still risky? PS: Our plan B, if she doesn't get NMSF, is to also apply to some lower ranked schools where she has a > say 50% chance at a full-ride or near full-ride and apply to more full-tuition schools.

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