Why some families will pay $500,000 for Ivy League admissions consulting: ‘It's worth the investment'

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To get a leg up in the competitive world of college admissions, some families are spending half a million dollars or more on private consultants.

To get a leg up in the competitive world of college admissions, there's almost no limit to what some families will spend on private consultants for their children.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly— Brown, Columbia, Cornell, Dartmouth, Harvard, University of Pennsylvania, Princeton and Yale — plus the University of Chicago, Duke, Massachusetts Institute of Technology and Stanford.The sticker price at some colleges is now nearly $100,000 a year

At that price point, students receive"essentially a 'SEAL-team' level tutor through almost every class," he said. Lakhani was equating the academic support with the highest level of organization and execution that epitomizes the training of a Navy Seal, the special operation force that stands for sea, air and land teams.

"Two things happened after Covid, the normal learning environment disintegrated, there was more time in the day for tutoring — and a greater need for it," Howell said.His tutors now charge up to $1,250 an hour for academic help, which does not include college counseling. However, depending on the number of students in a class, it can be difficult to get personalized advice about college planning.

 

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