While many students think of the PSAT as simply practice for the actual SAT, one of the biggest benefits of scoring highly on the test is the opportunity to earn scholarships, making it an important test after all. U.S. News & World Report indicates that high PSAT scores increase the likelihood of earning a National Merit Scholarship.
The National Merit Scholarship Corporation identifies semi-finalists for its scholarships based on PSAT scores. This qualifies semi-finalists for monetary rewards and increases the prestige needed to win other scholarships. Some college scholarships such as these cover full tuition.
Scoring highly on the PSAT is one way to predict a student's score on the actual SAT. By taking a practice SAT, a student becomes familiar with the structure, style of questions, vocabulary and process of the SAT. If a student scores poorly on certain sections of the test, she knows what she needs to study to earn a higher SAT score.
BestCollegesOnline.com states that the PSAT is a estimator for a student's college career. If she does not have high scores on the PSAT, she knows what classes to take her senior year to help her up her scores for the SAT without having to pay to take it over again.