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Saturday, 9 July 2011

Info Post
I am reading Iain Murray's new book Stealing You Blind: How Government Fat Cats Are Getting Rich Off of You and his chapter on "The Education Bubble" caught my eye.

Murray discusses grade inflation and states that "the education establishment often points to rising grades to justify this high spending, but when you look closely at the issue, you find that we've actually suffered a two decade-plus period of grade inflation, not rising standards." Apparently, grades are rising much faster than ACT or SAT scores. This grade inflation is a problem for colleges. For example, "In 2006, UCLA received 47,317 applications, of which nearly 21,000 had GPAs of 4.0--or above."

So next time your kids brings home a B, should you start to worry since it's probably the new C?

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