Kaplan Launches Online Resources Hub to Help Students Understand their PSAT® Scores

Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)

Press Contact: Russell Schaffer, russell.schaffer@kaplan.com, 212.453.7538
Twitter: @KapTestNews, @KaplanSATACT

New York, NY (December 9, 2019) — For high school sophomores, December is more than just thinking about their much deserved days off from school and holiday gift buying and receiving. It also includes getting back their PSAT scores and understanding what’s ahead in the college admissions process. To help students and their families understand what their scores mean and how these can potentially help future college applicants secure merit-based financial aid, Kaplan Test Prep has created a PSAT online hub that will answer some of the most frequently asked questions, including:

The launch of the PSAT hub coincides with when test takers will receive their scores from the October exam. According to the test maker, students will be informed about their results December 9-11, depending on their region of the country.

“The PSAT is the starting line of the college admissions process and scholarship money,” said Sam Pritchard, director of college prep programs, Kaplan Test Prep. “With tens of millions of dollars in National Merit scholarships awarded to top-scoring students, it’s to students’ and parents’ competitive advantage to be educated about all issues related to it. We’re excited to make these resources available, which will enable students and their families to be better informed about what’s at stake.”

For parents and students who have questions about understanding their PSAT scores and next steps, Kaplan is offering free consultations with SAT experts. To book an appointment, visit https://kaplan-psat-scores.youcanbook.me/

For reporters who want to speak with a Kaplan expert about how students and parents can best understand their PSAT scores and strategize for the next steps of the college admissions process, contact russell.schaffer@kaplan.com or 212.453.7538. 

Test names are the property of the respective trademark holders, none of whom endorse or are affiliated with Kaplan.

About Kaplan Test Prep

Kaplan Test Prep (www.kaptest.com) is a premier provider of educational and career services for individuals, schools and businesses. Established in 1938, Kaplan is the world leader in the test prep industry. With a comprehensive menu of online offerings as well as a complete array of print books and digital products, Kaplan offers preparation for more than 200 standardized tests, including entrance exams for secondary school, college and graduate school, as well as professional licensing exams for attorneys, physicians and nurses. Among those tests are the SAT®, PSAT®, ACT®, GRE®, GMAT®, LSAT®, MCAT®, NCLEX-RN® and bar exams. Kaplan also provides private tutoring and graduate admissions consulting services.

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Kaplan Survey: Aspiring Doctors Say Free Medical School Tuition is the Way to Go, but a Majority of Admissions Officers Say It’s Not on the Horizon

Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)

Press Contact: Russell Schaffer, russell.schaffer@kaplan.com, 212.453.7538
Twitter: @KapTestNews, @KaplanMCATPrep

New York, NY (December 4, 2019) ⁠— Pre-med students have caught free tuition fever, but medical school admissions officers say that’s not something they will be able to offer within the next 10 years, find two new Kaplan Test Prep surveys. According to nearly 350 pre-med students who were polled, 47 percent say medical schools should go tuition free for all of their students, regardless of income, something NYU announced last year for its students; 19 percent favor free tuition, but only for students whose family income/ability to pay is below a certain threshold, something Cornell’s medical school recently announced; and 34 percent believe medical schools should continue to award financial aid however they see fit*.

The survey also found that an overwhelming 80 percent of pre-meds think that the cost of medical schools “is a major prohibitive factor, which keeps many talented people from pursuing a medical career.”

According to the Association of American Medical Colleges, the average cost (tuition and fees) of attending a private medical school in the United States hovers around $60,000 per year; for in-state students at a public medical school, the cost is lower, but still not an insignificant $35,000 per year. AAMC data also shows that students graduate from medical school with a median debt of $200,000

A separate Kaplan survey of admissions officers at 70 medical schools, however, finds that free tuition is still largely a pipedream**. Just 4 percent say their school will adopt the NYU plan over the next five to 10 years, with an identically small 4 percent saying their school will adopt the Cornell plan. Kaplan’s 2018 survey of medical schools found similar results, suggesting little has changed over the past year, though strong majorities see free tuition as a good idea, in theory. As one admissions officers shared, “It’s a wonderful idea, but most schools can’t afford it.”  Another admissions officers called free tuition “idealistic and hard to implement.”

“While pre-med students understandably want to see fundamental changes in how medical school financial aid is awarded, medical schools are telling us that the days of taking out loans and accruing debt for their medical education are unfortunately far from over. Most medical schools say they have no plans to implement their own free tuition programs, but the fact that so many support the idea shows a recognition that there’s a problem and they seem willing to do something about it in smaller, but significant ways, like upping financial aid amounts,” says Dr. Jeff Koetje, director of pre-health programs, Kaplan Test Prep. “At Kaplan, we strongly advise aspiring doctors to carefully plan how they are going to pay for medical school as far in advance as possible. FAFSA, for example, which many undergrads are familiar with, also applies to medical school, so the process will be familiar. The more money you have before you apply, the less limited you will be in deciding where to ultimately enroll, if cost is prohibitive. It’s important to keep the conversation about the price of medical school education going and that is part of the impetus behind our ongoing research in the area. ”

In 2018, Kaplan Test Prep awarded more than $4.3 million in scholarships for students preparing for admission to graduate, medical, law, business, pharmacy and dental school. To apply, students can visit www.kaptest.com/tuitionassistance.  

To schedule an interview about Kaplan’s findings, contact Russell Schaffer at 212.453.7538 or russell.schaffer@kaplan.com

*349 pre-med students who either took an MCAT® course with Kaplan and/or planned to enroll in medical school were surveyed by email in November 2019.

**Admissions officers from 70 accredited medical schools across North America were polled by telephone between September and November 2019.

About Kaplan Test Prep

Kaplan Test Prep (www.kaptest.com) is a premier provider of educational and career services for individuals, schools and businesses. Established in 1938, Kaplan is the world leader in the test prep industry. With a comprehensive menu of online offerings as well as a complete array of print books and digital products, Kaplan offers preparation for more than 200 standardized tests, including entrance exams for secondary school, college and graduate school, as well as professional licensing exams for attorneys, physicians and nurses. Among those tests are the SAT®, PSAT®, ACT®, GRE®, GMAT®, LSAT®, MCAT®, NCLEX-RN® and bar exams. Kaplan also provides private tutoring and graduate admissions consulting services.

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Kaplan Test Prep Survey: Depressed Outlook for Business Schools Offers a Hint of Optimism for Potential MBA Applicants

Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)

Press Contact: Russell Schaffer, russell.schaffer@kaplan.com, 212.453.7538
Twitter: @KapTestNews, @KaplanGMATPrep

New York, NY (November 13, 2019) ⁠— Between 2014 and 2018, the number of accredited full-time MBA programs in the United States dropped 9 percent to 1,189 — a trend that a new Kaplan Test Prep survey of over 150 business schools across the United States finds is likely to continue*. Of the admissions officers polled, 63 percent predict that the downward trajectory won’t abate—not surprising, as this comes at a time when applications to business schools across the United States are suffering their worst drought in many cycles, even at top-ranked programs. 

The Kaplan survey finds the drop in applications is being fueled by multiple domestic and global trends. When asked what the biggest factor behind the application drop is, 42 percent say it is because the strong economy is keeping prospective students in the workforce; 22 percent say it is because of lingering doubts about the value of an MBA; 18 percent say it is because potential international students put off by the current U.S. political climate are deciding to attend business school in other countries instead; 13 percent say it is because the cost of a business education is too high; and 5 percent say it is because prospective students perceive fewer jobs require an MBA than in years past.

Notably, even as B-schools face declining application numbers, the outlook is brighter for their students: new data show that graduates from top programs continue to rake in record salaries and bonuses.

“What we would say to those who are on the fence about going to business school is that as far as admissions odds and earning potential go, this is one of the best times in recent memory to enroll and earn your MBA. Lower application volume means less competition to get in, though to be clear, top-ranked programs are never hurting for top talent. It’s also the case that starting salaries and bonuses for newly minted graduates from some business schools have hit record levels, which shows us that the ROI for an MBA is still strong,” said Jeff Thomas, executive director of graduate programs, Kaplan Test Prep. 

Thomas noted that while this may be a good time for aspiring students, the decline in applicant volume is causing many MBA programs across the United States to think about the financial sustainability and need to innovate the traditional two-year, brick and mortar model, or to invest more comprehensively in online and part-time programs to meet students’ changing educational demands. 

“To adapt to students’ changing learning preferences and with a likely eye towards the future of Graduate Management Education, many business schools have invested significantly in their online MBA programs, a majority of which grew in application volume or at least kept pace with last year. We will be tracking these statistics and trends carefully to keep aspiring business school students updated with the most accurate information. The most successful applicants are the most informed ones,” Thomas said.

Kaplan will release additional results from its 2019 survey over the next few months, which will provide applicants and the Graduate Management Education community with additional insights and analysis. 

To schedule an interview about the survey results and MBA admissions landscape, contact Russell Schaffer at 212.453.7538 or russell.schaffer@kaplan.com

*Based on the results of a Kaplan Test Prep survey conducted by phone between August and November 2019. The survey included responses from 156 business schools, including 35 of the top 100, as ranked by U.S. News & World Report.

About Kaplan Test Prep

Kaplan Test Prep (www.kaptest.com) is a premier provider of educational and career services for individuals, schools and businesses. Established in 1938, Kaplan is the world leader in the test prep industry. With a comprehensive menu of online offerings as well as a complete array of print books and digital products, Kaplan offers preparation for more than 200 standardized tests, including entrance exams for secondary school, college and graduate school, as well as professional licensing exams for attorneys, physicians and nurses. Among those tests are the SAT®, PSAT®, ACT®, GRE®, GMAT®, LSAT®, MCAT®, NCLEX-RN® and bar exams. Kaplan also provides private tutoring and graduate admissions consulting services.

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