Saturday, October 27, 2012

Is Admission to an Ivy League School Worth $2 Million?

Two million dollars is extreme, but many parents hire consultants to give their kids an edge. The Independent Educational Consultants Association estimates there are 4,000 to 5,000 such consultants in the U.S., a majority of whom specialize in college-level admissions.

Average income for these experts ranges from $49,000 to $131,000, depending on experience.

The focus for many aspirational parents: the Ivy League. “It’s like going to Hollywood,” says Gerald Bradshaw, president of Bradshaw College Consulting. “Being in the movies, being with the stars.”

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