“I believe that most of the funds expended on independent counselors are simply wasted. We do not believe they have much, if any, effect on who we accept.”
—Jeffrey Brenzel, dean of undergraduate admissions at Yale University
If you want to hire the most famous private college counselors in America, it could cost you as much as a new Lexus. Or about four dozen plasma TVs. If you haven’t priced this stuff lately, I’m talking about hiring college consultants in the $40,000 price range and up.
BusinessWeek once interviewed teenagers whose parents sprung for these platinum-priced counselors. They didn’t want their names divulged. Perhaps they were embarrassed that their parents were spending ...