Wealthy parents spend up to $10,000 on SAT prep for their kids

Marquette University recently became the latest school to announce that it will no longer require an SAT or ACT score from applicants.

The Jesuit college in Milwaukee, Wisc., joins more than 1,000 other schools — including the University of Chicago, Bowdoin College in St, Brunswick, Maine, and eight others that rank among U.S. News and World Report’s top 100 universities — in eliminating the SAT as a requirement.

For decades, high scores on standardized tests were considered a vital part of a college student’s application, and wealthier parents invested in extra tutoring to push their kids closer to a perfect 1600 score on the SAT.

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