On Your Side
Steer Your Kids Clear of Rat Race U.Lloyd ThackerPortland, Ore.
By Penelope Wang

(MONEY Magazine) – A $500 SAT class? A private counselor for $30,000? If that's what it takes. Anything to get my baby into Yale.

That kind of thinking led Lloyd Thacker to quit his job. During his 20-year career as an admissions officer and guidance counselor, he saw the pressure that the college admissions process places on students and their families. It got worse, he says, largely because of a billion-dollar admissions industry--college rankings publishers, "enrollment consultants" and the like. In 2004, Thacker, now 52, edited a book called College Unranked, making the case that rankings destroy the admissions process. It sold so well that Harvard University Press republished it. He also started the nonprofit Education Conservancy, aimed at improving the process. To parents, he suggests ignoring rankings and letting kids know that prestige isn't what makes you proud. "Studies show that what really leads to success in life is the student's skills and abilities, not the brand name of the college," he says. "Be the one to tell your child that."

...Word watch: vish ing n. When a fake e-mail directs you to call a local number "regarding your bank account" and crooks answer the call...

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.