If you have ever applied to a college or are familiar with the college application process then you most likely know that most colleges require you to take the ACT and/or SAT college entrance exams. Being that the College Board has the exclusive right to produce and deliver the college entrance exams that students are required to take in order to get into a major university, it is safe to say that the College Board can be classified as a monopoly. A low estimation by the College Board suggest that an average student will take both the SAT and ACT and one of those tests a second time to improve their score. In fact, between the ACT, SAT and the AP exams (the College Board also owns the advance placement tests too). As a result, it rakes in nearly $700 million per year. The College Board’s charitable mission was summarized by its president in 2006: “to connect students to access and opportunity, to prepare more and more students to be ready to go to college and succeed.” The main kicker is that if College Board did not exist then colleges would base their acceptance on the more accurate college success predictor, the student’s GPA. This would also mean that the students wouldn’t have the weight of their future put onto one test.
Source: Elias Strizower, “The Real Monopoly Board: The Victimization of Students by the College Board,” Story2, March 19, 2015, http://info.story2.com/blog/bid/267106/The-Real-Monopoly-Board-The-Victimization-of-Students-by-the-College-Board.
Student Researcher: Zachary Molinelli (Indian River State College)
Faculty Evaluator: Elliot D. Cohen (Indian River State College)