Families spend up to $500,000 on private college consultants as competitive college admissions drive industry growth to $3B by 2024.
In response to increasingly competitive college admissions, families are investing heavily in private college consultants, spending up to $500,000 for services aimed at securing spots in prestigious schools. At Command Education in New York, annual fees reach $120,000, excluding test prep. As acceptance rates decline, the college counseling industry is projected to generate $3 billion by 2024, with many parents viewing these expenses as essential investments in their children's futures.
October 18, 2024
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