Bloomberg higher education reporter Janet Lorin looks at the non-profit testing industry, including the College Board and ACT.
The Business of College Admissions
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Terry Williams borrowed about $7,000 to earn a degree from Spelman College 38 years ago. For her youngest child, a sophomore at Belmont University in Nashville, she will take on almost $40,000 in parental loans.
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When Gaston Caperton was recruited to run the College Board, owner of the SAT entrance exam, he said he didn’t want to just run “a testing company.”
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The president of the College Board, the nonprofit owner of the SAT entrance exam, has seen his compensation triple since 1999 and now gets more than the head of the American Red Cross, which has more than five times the revenue.
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Nicole Ederer was delighted when Columbia University and Duke University wooed her with e-mails and letters after she scored 214 out of 240 on her preliminary SAT college entrance exam junior year.
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U.S. Representatives Ed Markey and Joe Barton asked the College Board, owner of the SAT college entrance exam, to explain how it collects and stores data from students as the government seeks to bolster teen privacy laws.
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Colleges from Bowdoin in Maine to Pitzer in California dropped the SAT entrance exam as a requirement, saying it favors the affluent, penalizes minorities and doesn’t predict academic success.
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With admissions notifications from Ivy League colleges going out as early as today, it’s more than just applicants awaiting the results.
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New York University pulled out of the National Merit scholarships, becoming at least the ninth school to stop funding one of the largest U.S. merit-based aid programs, because it doesn’t want to reward students based on a standardized test.
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The College Board, owner of the SAT entrance exam, and rival ACT Inc. should consider deleting student data after a period of time to help protect the privacy of teenagers, U.S. Representative Ed Markey said.
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