Parents spending up to $750K on Ivy League college consultants: report

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Parents spending up to $750K on Ivy League college consultants: report
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Ambitious parents are spending hundreds of thousands on consultants to help get their kids into Ivy League schools, report says

That competition's also upped the ante for parents trying to give their kids a leg up, with consultants starting to advise on students' academic lives from the age of 12.

"These schools every year get better and better at getting students to apply," Brian Taylor, managing partner at private college counseling firm Ivy Coach, told Bloomberg."As an extreme example, more C students applying to Harvard does not make the Harvard applicant pool more competitive." refining coursework plans from the ninth grade, recommending suitable extracurricular and summer activities, and identifying suitable teachers to eventually write recommendation letters.

The six-figure outlay to get their kids into college adds to the increasingly prohibitive cost of attending those institutions.that the cost of attending Ivy League schools — including tuition, accommodation, and fees — was pushing $90,000 a year, with four years of attendance potentially costing more than $300,000.

Consultants told the outlet that the increasing exclusivity of Ivy League attendance may work as its own status symbol for some parents, encouraging a bigger outlay on preparation., it seems that Americans are increasingly discounting the value of having a college degree at all. , conducted with NORC at the University of Chicago, 56% of Americans think earning a four-year degree is no longer worth the time and investment, up from just 40% a decade ago.

Those aged 18 to 34, and people with college degrees, were among the most skeptical about the value of higher education, which the Journal said indicated a profound shift for the sector in the coming decades. Subscribe to push notifications

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