Anonymous wrote:My daughter got offered a lot of merit aid, including from schools like Oberlin, Wash U, Emory, Tulane, but she was a NM Finalist/Presidential Scholar semifinalist, and her SATs were 2370. I get the impression that unfortunately these schools use the merit aid to try and up their USNews ranking and boasting potential by pulling in kids that they can list as NMSFs and increase their SAT score means. And 2100 while very good is not going to fulfill those goals. The merit aid is to try and entice kids away from Ivys.
My kid was not a NM semi-finalist (much less a finalist or Presidential Scholar) and scored under 2200 on the SAT but was accepted to 3 of the 5 Ivies -- including the "first choice" -- applied to (was wait-listed/rejected by the other 2) but is happily attending one of a few selective schools that offered substantial merit aid. So, in response to your question OP, I think it takes the same thing to get merit aid from selective schools as it takes to get accepted to those schools. And, expanding on PP's comment, I believe that non-Ivy selective schools use merit aid to entice kids -- who do not qualify for need-based scholarships/no-loan financial aid -- away from Ivies because, if money is a concern, who wouldn't turn down Harvard if they could attend the schools listed above or Duke for "free"?