Why SAT/ACT Tutoring Is The Smartest Money You Can Spend
"You tutored my two kids for many hours. I spent a couple thousand on tutoring, more than I had expected. But I still think about the $200,000 or more that I would have paid for tuition out-of-state (and at lesser-ranked schools) had they not both had the opportunity to go to UGA and Tech with the HOPE scholarship. You and I both know their original scores wouldn’t have done the trick. I spent $2,800 to save $200,000. If a single mutual fund I owned ever had that kind of ROI I would be retired by now." – Proud parent of twins
The value of SAT/ACT tutoring stems from three main sources:
1. Increased chances of admission
2. Increased chances of scholarship money
3. Downstream effects beyond college
The SAT/ACT is the second most important factor in college admissions, behind your GPA/rigor of academic schedule. As your student’s GPA or SAT/ACT falls below the published averages or mid-ranges at a given school, his or her chances of admission drop. At many universities, your SAT/ACT score is given half the weight of your GPA -- the equivalent of two years' worth of semester grades!
1. SAT/ACT’s Impact on Admissions:
2. SAT/ACT’s Impact on Scholarships:
When students with competitive grades also have very high SAT/ACT scores and/or scores that far exceed the average at a given school, their chances for merit aid increase exponentially. Scholarship money that is won for tuition is not taxable and is far easier to repay than student loans with interest.
High SAT/ACT scores can allow students to compete for many types of scholarship, including:
1) School-Based Scholarships at private or out-of-state universities
2) National Merit Scholarships (based on the PSAT that is given in October of junior year)
3) HOPE Scholarships for Georgia students: Over the past few years, the popularity of the lottery scholarship has made the average UGA and Georgia Tech score a top 10% SAT score. The average UGA applicant who was admitted early action in 2014 had an SAT of 2010 out of 2400 and/or an ACT of 30, which are both top 6-7% scores. Additionally, recent changes to the HOPE Scholarship for the "Full HOPE" requires a single-day SAT of either 1200 out of 1600 or an ACT Composite of 26. (More info here.)
4) In-State Tuition at Out-of-State Universities: Some public state schools give in-state tuition rates to out-of-state students with competitive profiles (including test scores). Out-of-state tuition exceeds in-state tuition by approximately $80,000 over the course of four years at most public universities in the Southeast.
3. Downstream Benefits:
None of the above speaks to the career impact going to a higher quality institution can have when you consider potential grad school applications or the fact that some companies/internships are now only recruiting from only certain schools due to cutbacks in travel/recruiting budgets.
Additionally, top-tier employers (e.g. Google, Bain) have begun asking for SAT scores during their application process post-college. It’s a growing trend.