The guilty pleas keep coming in the college admissions cheating scandal.
Many of the parents charged with lying, cheating and paying bribes to get their kids into elite colleges and universities are choosing to say they did it and agreeing to plea deals, meaning at least some time behind bars.
But according to a report from NerdWallet in San Diego Union Tribune by Liz Weston, it turns out that going to an elite school does not guarantee success in career-wise or financially and may even hurt it.in
As the author of “The College Solution” puts it, “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…calling it “a fantasy that their kids’ lives will be better if they get into an elite school.”
The report to four things parents and their college bound kids should know:
Most colleges accept most applicants
Selective doesn’t mean kids who go there will make more money.
Getting into hard schools with lower rankings leads to more dropouts.
And maybe most important, majors matter most, the report saying that“the skillset is what matters, not the name of the school on the diploma.”
The parents charged in the college admissions cheating scandal apparently should have done their homework.
(Photo credit) Actress Felicity Huffman, escorted by her husband William H. Macy (L) and her brother Moore Huffman Jr. (R), exits the John Joseph Moakley United States Courthouse in Boston, where she was sentenced by Judge Talwani for her role in the College Admissions scandal on September 13, 2019. - Actress Felicity Huffman gets 14 days jail in US college admissions scandal (Photo by Joseph Prezioso / AFP) (Photo credit should read JOSEPH PREZIOSO/AFP/Getty Images)