Do Schools Get a Cut of the College Board’s Big Bucks?
You’ve probably heard the whispers, the rumblings, the outright cries of outrage: “The College Board is raking in cash! Why isn’t some of that money going back to schools?”
Well, buckle up, because we’re about to delve into the complex world of the College Board, its finances, and the juicy (or maybe just confusing) question of whether schools get a piece of the pie.
The College Board: A Not-for-Profit That’s Making Bank
You heard right, the College Board, the organization behind the SAT, AP exams, and other college-related programs, is a “not-for-profit” organization. Sounds confusing, right?
Think of it this way: The College Board isn’t a greedy corporation out to maximize profits, it’s a “not-for-profit” organization with a noble mission to expand opportunities for students and help them develop the skills they need to succeed.
But Wait, They’re Making Millions?
Yes, you’re not imagining things. The College Board’s revenue is HUGE. The SATs, AP exams, and PSATs alone bring in hundreds of millions of dollars every year. And let’s not forget the hefty $500 million from AP exams and other related materials, which is like a goldmine for the College Board.
The Government’s Role in the College Board’s Game
Now, you might be surprised to learn that the government is actually throwing some cash into the College Board’s pot. They chip in about $90 million every year, and a portion of that goes to help low-income students pay for those expensive AP exams and other materials.
The CEO’s Salary: A Big Fat Paycheck
Here’s where things start to get a little bit spicy. The CEO of the College Board, in 2020, pocketed over $2.56 million. That’s like winning the lottery, but without the chance of accidentally losing the ticket!
So, Do Schools Get Paid By the College Board?
Here’s the thing: the College Board’s activities are designed to benefit students, not schools. It’s like a student’s scholarship: it benefits the student, not the school they attend.
However, here’s the catch: some states provide funding to students who take AP exams, which means they are essentially subsidizing the College Board’s activities.
The College Board’s “Charity” Work
The College Board throws a few crumbs in the form of grants, but it’s a drop in the bucket compared to the massive amounts of money they generate.
The College Board: A Monopoly of Learning?
Some people argue that the College Board is a monopoly, raking in huge profits while holding students hostage with their tests. They’re like the only game in town, and they know it!
The Bottom Line: A Complex System with Room for Improvement
The College Board is a complex beast. It’s a not-for-profit organization that’s generating a ton of revenue, with some of it coming from the government. While they do provide financial aid to low-income students, and they do offer scholarships, the system still feels a bit skewed.
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This is just a taste of the fascinating (and maybe a little infuriating) world of the College Board. If you want to learn more, or if you’re just itching to share your own thoughts and opinions on this topic, head over to the JobLoving community.
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