This is the average amount of money rich families spend to get their kids into college investinyou (In partnership with acorns.)
Most wealthy American families spend less than $1,000 to help children get into a college of their choice.
Test prep and tutoring are not widely seen as effective; academic research shows little bang for the buck in terms of improvement in scores.The recent celebrity college admissions cheating scandal meted out its first— one day of jail for a former Stanford University sailing coach — but at a larger level, it has revealed the insane lengths the rich and well connected will go when it comes to their child's chances of attending a top college or university.
On average, American millionaires — those with at least $1 million of investable assets — spent less than $1,000 to assist their child getting into college.
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