College costs are out of control and
For most Connecticut suburban students, college is not only the best but only realistic option after high school.
Let’s start with the first premise:
4 year private colleges can cost close to $300,000. Most are over $200,000. Even for the affluent that live on the Connecticut shoreline, that’s a challenge, particularly when there are multiple children. I recall having breakfast with a friend who is the CEO of a company, lives in a near mansion, and has all the trappings of someone with a huge income. He noted to me that there was no way that he could spend that type of money for his 4 children. I remember thinking if Jay (not his real name!) couldn’t, how would many of my college counseling clients.
The second premise creates the challenge.
College is unquestionably the most significant turning point in the lives of most 18 year olds. They are literally entering a new world. It also can have significant – indeed massive – effect on one’s career path. As such, the time, effort, energy, and money to ensure that one’s child goes to the best college possible makes sense. Most every high school student that in our area is not that interested in the trades and the military – both of which are good alternative to college options for many – and, of course, entering the work force at 18 usually means into an entry level position with no upward mobility.
Enter the SATs. Numerous students who took our Winter SAT class last year have reported back getting scholarships ranging from 4-24,000 yearly (16-96,000 total) that were based almost entirely on their SAT scores.
Some had full rides that were based in part on their SAT scores.