LYNNFIELD — A Lynnfield High School senior has been named as one of 16,000 semifinalists in the 70th annual National Merit Scholarship Program

Rachel Lim will have an opportunity to continue in the competition for some 6,870 National Merit Scholarships worth nearly $26 million that will be offered next spring. To be considered for a Merit Scholarship award, semifinalists must fulfill several requirements to advance to the finalist level of the competition. About 95 percent of the semifinalists are expected to attain finalist standing, and approximately half of the finalists will win a National Merit Scholarship,

The National Merit Scholarship Corporation (NMSC), a not-for-profit organization that operates without government assistance, was established in 1955 specifically to conduct the annual National Merit Scholarship Program. Scholarships are underwritten by NMSC with its own funds and by approximately 280 business organizations, higher education institutions and individual donors who share NMSC’s goals of honoring the nation’s scholastic champions and encouraging the pursuit of academic excellence.