Charles Krupa/AP
- Parents are paying consultants up to $750,000 to help get their kids into Ivy League colleges.
- Bloomberg reported that demand for consultants is rising as standardized testing requirements fall.
- Consultants advise on coursework, extracurricular activities, and teacher relationships.
Ambitious parents are forking out hundreds of thousands of dollars to consultants to try to get their offspring into Ivy League colleges, Bloomberg reported.
It said some parents are paying consultants as much as $750,000 to work on their children's college applications from the seventh grade as acceptance rates plummet.