Anonymous wrote:17:48 - I was a finalist and I can guarantee that it has never, ever come up in any context. The colleges make their decisions before the list comes out. The only way they know is when they get the check.
It's still a nice honor, but it's no sign of much of anything.
The students do know who is a semi-finalist early in the fall and can put that on college applications. Given that semi-finalist status is based solely on test scores that the colleges see, I don't think it's a big deal, although there are some colleges who publish how many NMSF students they have and perhaps at those places it confers an edge.