January 27, 2014
HIGHER EDUCATION BUBBLE UPDATE: The College Board Is Too Expensive For Students.
It seems odd that the College Board—a nonprofit whose CEO, David Coleman, was pulling in $750,000 as of 2012—cannot send a few numbers over the Internet for just a dollar or two, or maybe even free. Instead, I am shoveling out another $100-plus just for electronic submissions, another contribution to the swelling pockets of the College Board (annual revenue in 2011-2012: more than $750 million).
With almost complete control over the business of pre-college standardized testing, the College Board squeezes every penny it can from high-school students—or their parents. The company charges at every turn while attempting to “connect students to college success,” loading on additional fees for every missed deadline and “rush” delivery of electronically sent scores, scores that apparently otherwise take weeks to navigate the labyrinth that is the World Wide Web.
The College Board should behave more like the nonprofit it claims to be.
Most everyone in higher ed is charging too much. Because they can. I expect that’s in the process of changing, though.