The College Board uses the money that it makes from these investments to compete in competitive markets. In 2019, it acquired 6.07 million dollars worth of government grants. And although this is legal, why is a public serving nonprofit investing in the Caribbean and not in the US? And even though the College Board has not been investing in the US, it is still receiving money from the US government. (The College Board has not disclosed where in the Caribbean its investments are going, just the general region). Mostly likely, these investments were put into hedge funds in the Cayman Islands in order to take advantage of tax loopholes. Between 20, the College Board has invested over 1.32 billion dollars in the Caribbean. What is more striking than the organization's profit margins is its foreign investments. In 2019, the College Board had a profit of 58 million dollars, with 38 million coming from investments alone. So why is the College Board raising prices and adding fees when each year their cash and investment pool grows? Every year between 20 the College Board has made a profit of between 37 and 139 million dollars. That's an increase of over 995 million dollars, or a growth percentage of 276%. Only twelve years later, in 2019, their net assets were worth 1.56 billion dollars. In the year 2007, the College Board's net assets were worth 565 million dollars. It is very unclear how all of these unnecessary fees help " students prepare for a successful transition to college." So, for a student to get the premium package of the SAT with an essay, registered late, called to get scores over the phone and had the essay and multiple choice looked over twice by hand, it would cost $233 dollars, before sending scores to a single school. However, the cherry on top is that sending SAT scores to colleges, costs $12 per college after the first four. " To get SAT scores by phone, the fee is $15, to register late, $30, to verify scores are correct, $55, to verify an essay was graded correctly, $55. To see what questions were answered right or wrong on the SAT, the fee is $18 for the "SAT Question-and-Answer Service." If that is out of a student's price range, the College Board offers the $13.50 "SAT Answer Service" that " provides a list of question types from the specified test you took whether you answered the question correctly or incorrectly, or omitted the answer and the level of difficulty. The SAT costs $52 without the essay section and $68 dollars with the essay. More examples of price gouging can be seen when looking at all the SAT fees. So if a student took wanted to send their scores to four colleges, it would cost $60 dollars. To send your AP exam scores to a college costs $15. If you register for an AP test anytime after November 14th, that's an extra $40 added on to your cost, and to cancel a test, it's $40.
Currently, it costs $95 to take an AP exam. The College Board charges students at every turn. Before we talk about how they use their money, let's discuss how they make it.
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