On Wednesday, October 13th, we will host the annual PSAT on site for all 9th-11th grade students. PSAT test day is a valuable experience -- students get to see what the standardized-test process is like, without worrying about the high stakes of an SAT or ACT exam. For juniors, the PSAT isn’t just a practice test. Students’ scores can turn into real money for college, thanks to the exam’s dual role as the National Merit Scholarship Qualifying Test. National Merit provides more than $40 million in scholarships each year, and the PSAT is the only way students can enter the competition. It’s a tough field -- last year, around 15,000 of the 1.5 million test-takers were named finalists -- but National Merit Scholarships range from one-time $2,500 awards all the way up to college- or corporate-sponsored full-tuition scholarships.