The fact is that the College Board's products - the SAT, other standardized tests, the accompanying strategy guides - are sold at far higher than the cost to make them.
Sentiment: NEGATIVE
Colleges accept the highest sub-scores from different administrations. So if a student takes the SAT many times instead of once, she has a larger pool of scores from which to pick out the highest math, critical reading, and writing.
Higher SAT scores mean better college matriculation rates. So it's no wonder that private schools in ultra-competitive environments would grease the qualifying process as much as possible.
We saw how a lot of companies charge upwards of $1500 for a basic LSAT course, and we all thought that is simply way too much, even if the instruction was good.
The SAT is a scam.
The SAT is not perfect. We all know smart, knowledgeable people who do badly on standardized tests. But neither is it useless. SAT scores do measure both specific knowledge and valuable thinking skills.
In terms of mathematics textbooks, why can't you have the scale of a national market? Right now, we have a Texas textbook that's different from a California textbook that's different from a Massachusetts textbook. That's very expensive.
At some of our most competitive universities, 17 times the amount of students that can go to the school, apply. And these applicants are from all over the country, and admissions officers need ways to sort through them. The SAT is just one of those things.
Well, I don't think that the SAT is a scam.
College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.
I have observed private and proprietary colleges, like the University of Phoenix, and the market they serve. And I found it intriguing the way in which they are trying to deliver the product, with more accountability, for a price.
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