ECONOMY - CAPITAL ACCOUNT
Is Elite College Worth It? Maybe Not
Wealthy parents who spend heavily to get their kids into top schools aren’t giving them as big an advantage as commonly thought, research shows
Photo: High-end college consultant Allen Koh was shocked to learn his colleague and competitor Rick Singer pleaded guilty to crimes including conspiracy and racketeering. WSJ sat down with Koh for insight into the multimillion-dollar college-consulting industry and what is driving parents to such desperate measures.
By Greg Ip
Updated March 20, 2019 11:14 a.m. ET
We’re told ad nauseam that college is the key to success. Is it any wonder that some parents broke the law to get their child into the best?
Of course, the parents accused by the FBI of bribing coaches and test administrators are an extreme case, but even some law abiding parents can relate: Some donate millions to their alma mater or hire $1,000-per-hour consultants to land a coveted spot at a top school.
And...
READ MORE: https://www.wsj.com/articles/is-elite-college-worth-it-maybe-not-11553084146
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