The college admissions scandal — which recently led to a 14-day prison sentence for actress Felicity Huffman — exposed a group of wealthy parents’ obsession with getting their kids into the “right” school. Prosecutors say the families paid bribes, faked test results and pretended their kids were athletes to get them into selective colleges.
Unfortunately, many less affluent families also fall for the delusion that some schools offer golden tickets for their children’s futures, says Lynn O’Shaughnessy, author of “The College Solution.” Whether it’s an Ivy League college or a high-priced “dream school,” too many people believe certain educations are worth endless effort, stress — and debt.
In my latest for the Associated Press, the most important facts to know as you navigate the college admissions process and decide how much to spend.