The SAT is high-stakes when it comes to college admissions. It also matters when it comes to financial aid.
As schools like the University of California consider dropping the SAT as a requirement for admission due to concern that the test is biased, they run up against another question with a potentially bigger impact for students and their families: Should they continue to use SAT scores to award scholarships?
Colleges and universities give out about $30 billion a year in merit aid, which is often based on a student’s SAT or ACT. An additional $2 billion in merit aid distributed by states hinges on standardized test scores.
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