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UCLA Alumni Scholarships? - ucla scholarships

I have about 3 days for tests required for scholarships at UCLA, and I wonder whether it really is worth taking the time.

I know, of course, a monetary value, but what are the chances I will actually succeed?

Is this something for the price, where the students at the highest level / is really well rounded and prestige?

I have about 1960 test scores and GPA 4.0w/3.6uw and I am in school clubs and activities. I need to take out of this award, or I want something else?