The PSAT is usually given in October for sophomores and juniors. While it is not necessary, students should take the opportunity to brush up on their PSAT/SAT skills before taking the test. Students may receive a National Merit Scholarship by scoring a high score on their PSAT. Each year some 55,000 high school students are honored in NMSC programs and more than 10,500 of the most outstanding participants receive scholarships worth a total of $50 million for college undergraduate study. Students can sign up at their individual high schools for the October PSAT.