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Shelling out for private college prep programs?

An interesting piece in the latest issue of Money takes a look at the lengths that some parents are willing to go to get their children into the colleges of their choice.

One high school senior's parents have spent $12,825 on test-prep/resume building in an effort to get her into Pepperdine, Loyola Marymount, and San Diego State.

Sound excessive? According to her mother, Cathy, "It's not about the money. The stress is, oh my gosh, will my child get into the college she wants?"

If the family can afford it, it really doesn't matter, in a sense, if they spend such a large sum on college-prep programs.

Continue reading Shelling out for private college prep programs?

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