And so it is 2020—the end of one decade and the beginning of another. Across the country, it was a challenging and divisive year with hate crimes up and angry rhetoric increasing exponentially. It was the year when Harvard prevailed in its discrimination lawsuit, in effect allowing them to discriminate against applicants based on their race. It was the year when fraud in college admissionwas exposed, as it was uncovered that wealthy parents were cheating the system by paying college officials to lie about their sons’ and daughters’ qualifications in exchange for huge amounts of money. Note: This is the very definition of fraud! It was the year in which cheating in college admission testing was exposed, as it was determined that parents were paying test officials to change their sons’ and daughters’ results on the SAT. In short, 2019 was the year in which inequity in college admission was exposed.
So the question is, will 2020 bring us a cure for this inequity? Or, will more wrongdoing by wealthy, greedy, and dishonest parents be exposed? Where do we draw the line between fairness and cheating? How do we bridge the wealth gap in college admission? In other words, is there a way to allow families of modest means to compete with wealthy families for coveted seats at top 20 colleges?
Well, the truth is that much is already being done for students and families of modest means. In fact, colleges make great efforts to attract first-generation college students. Virtually all of the top 20 colleges offer extremely significant discounts to students who cannot afford to pay the retail price of college. In fact, the average scholarship at top colleges was nearly $50,000 per year, as compared to roughly $20,000 per year on average for all colleges. Virtually all of the most generous colleges with merit-based financial aid are the nation’s most competitive colleges including:
- University of Chicago
So, while there is a lot of unfairness in the college admission process, there is also significant opportunity for those who know how to navigate the system. No one is ever going to say that having money does not give you an advantage. Across virtually every aspect of life, having money provides access and opportunities to things that might otherwise be inaccessible. It buys bigger homes, safer cars, and better food. While the trend in college seems to be shifting, providing more opportunity to students whose financial need outweighs their ambitions, we still have a long way to go. If 2019 was the year that we discovered that the system was broken, let’s hope that 2020 is the year that we discover a cure.
Parents Personal Note:
NC Global Education, and its founders Neil Chyten and Mei Chyten, would like to personally thank all of their wonderful clients for their trust, for their kind words, for their tireless efforts on behalf of their children, and for enabling success of the children who once again received admission to top colleges and private schools all across the country. We built NC Global to be a resource for parents whose dreams and goals include having rich rewarding lives for their students. We are proud to have played a role in fulfilling these dreams, and look forward to working with more high aspiring parents in the decade ahead.
Happy Holidays and Happy New Year!
NC Global Education ,Inc