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Prep Expert Highlights More Than $5 Billion in Merit Scholarships Available to U.S. Students

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 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 are available annually in the United States.
The company combines SAT and ACT preparation with college admissions and merit consulting, helping students identify institutional scholarships that may require additional essays or interviews beyond standard applications.
Building on a track record of helping more than 100,000 students secure more than $100 million in scholarships, Patel gained national attention in 2016 after securing a $250,000 investment from Mark Cuban on Shark Tank.
Patel emphasizes that "families often focus primarily on getting into college, but where and how students apply can have an enormous impact on what they ultimately pay," urging scholarship planning to begin alongside test preparation.

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