Private Equity Finds its Next Bet: College Admissions

“A private equity buyout of the ACT sets off a lot of alarm bells for me,” Charlie Eaton, an associate professor of sociology and cofounder of the Higher Education, Race, and the Economy (HERE) Lab at the University of California, Merced, told CNN.

“There’s a reason why we typically have nonprofits deliver public goods like college admissions exams. People need to be able to trust that there’s a fair evaluation process so nothing gets distorted.”

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