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Prep Expert Highlights More Than $5 Billion in Merit Scholarships Available to U.S. Students
Prep Expert says more than 1,000,000 merit awards worth over $5 billion can help families lower college costs.
On Monday, September 7, 2026, Las Vegas-based Prep Expert, founded by Dr. Shaan Patel, announced a $1 billion mission to help students win college scholarships by combining test preparation with admissions and merit scholarship strategy.
Dr. Shaan Patel, who earned a perfect SAT score and received more than $500,000 in scholarship offers, developed this initiative after recognizing that over $5 billion in merit scholarships remain available annually in the United States.
The company combines SAT and ACT preparation with college admissions consulting, helping students identify institutional merit scholarships that require additional essays or interviews often overlooked by families.
Building on helping more than 100,000 students secure more than $100 million in scholarships, Prep Expert gained national attention in 2016 when Patel secured a $250,000 investment from Mark Cuban on ABC's Shark Tank.
Patel urges families to treat scholarship strategy as central to college planning, stating that "where and how students apply can have an enormous impact on what they ultimately pay" alongside test preparation efforts.