Saturday, October 22, 2011

Prep School Scam: Chinese Students Exploited by Endowment-Hungry American Schools

Static Chaos

With growing wealth and the long cultural belief that values higher education above almost everything else, it is easy to understand why more and more Chinese parents want to send their kids to the United States hoping to get a better education leading to a brighter future.

This trend has created a strong, yet hard to fill niche demand. As we learn from Econ101, someone (an agent, for example) will eventually squeeze out some supply from somewhere to meet that

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