How Harvard made $1M+ by scrapping SAT Requirements

Colleges turn a profit from "Test-Optional" Admissions

It's no secret that colleges are businesses. They need to make money to keep the lights on and their professors paid. One way they do this is by charging application fees. And while most students (and their parents) pay these fees without a second thought, what they may not realize is that colleges actually make a profit off of them. In fact, colleges h…