University of Texas at Austin won’t fund National Merit scholarships. Instead UT will put all its money into needs-based aid.
UT enrolled 281 National Merit Scholars as freshmen last year, compared with 285 at Harvard. The university will honor those scholarships.
University of California pulled out of National Merit in 2005 because students must earn high PSAT scores to qualify.
I qualified for National Merit, which then had its own test, but didn’t get scholarship money because I couldn’t claim financial need. In later years, reputation-hungry colleges began funding all the Merit Scholars they could attract.