After the fee for sending ACT standardised-test scores to colleges was reduced by $6 in 1997, 80pc of low-income high school students in the US sent scores to additional colleges, some of which were highly selective. Because some of the students were accepted by these colleges, Amanda Pallais of Harvard estimates that the small discount had a powerful effect on the students’ economic prospects: On average, sending an additional score report increased a low-income student’s expected future earnings by more than $10,000.
(Source: Journal of Labour Economics)
Published in Dawn, Economic & Business, April 27th, 2015
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