Gates Millennium Scholars Program (GMS) - Get Involved vs National Merit Scholarship Program

Comparing two elite interdisciplinary opportunities. Both are scholarships for high school students.

Gates Millennium Scholars Program (GMS) - Get Involved National Merit Scholarship Program
Prestige Tier Tier 1 — Elite Tier 1 — Elite
Type Scholarship Scholarship
Organization Bill & Melinda Gates Foundation / Gates Millennium Scholars Program National Merit Scholarship Corporation (NMSC)
Acceptance Rate Approximately 3-5% (extremely competitive) Approximately 1% of PSAT takers qualify as finalists (about 50,000 semifinalists from 2+ million test takers, with ~95% advancing to finalist status). Extremely competitive - top 1% nationally.
Applicants Estimated 50,000-80,000+ applications annually Approximately 2-2.3 million high school juniors take the PSAT/NMSQT annually
Deadline Rolling
Award $2,500
Cost to Apply Free Free
US Only Yes Yes
Grades High school seniors and current college freshmen/sophomores (varies by year) Primarily high school juniors (PSAT/NMSQT is taken in October of junior year, though sophomores can also take it)
College Impact Gates Millennium Scholars is viewed as ONE OF THE MOST PRESTIGIOUS scholarships by college admissions officers and employers. Being named a GMS Scholar significantly enhances college applications (tho... National Merit Scholar status is highly prestigious in college admissions and is viewed very favorably by selective universities. Many colleges actively recruit National Merit Scholars and offer autom...