Since the article says the same thing happens in high school, it seems incredibly likely that your solution is not actually a solution and would have no impact.
You're aware that people can pay other people to take their tests for them, perhaps?
Add on the difference between the scores of people who can afford to pay for tutors and the scores of people who can't, and you'll begin to see the problem.
> It is absolutely true that the SAT is the reason this scandal occurred. But for standardized testing requirements, the millionaires and celebrities charged in this scheme would not have needed to search for “side doors” to get their children into elite colleges; they could have walked right in through the front.
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> SAT scores correlate strongly enough with IQ that the SAT is interchangeable with IQ as a test of general cognitive ability. Cognitive ability is highly heritable; the single strongest predictor of a child’s IQ is the IQ of the child’s parents. There is also a correlation between income and IQ. That means smarter than average parents are likely to have smarter than average kids and higher than average incomes.
> The educational attainment of an SAT taker’s parents is about as strongly correlated with higher scores as high income is; the median student whose parents hold graduate degrees scores a 560 on critical reading and a 576 on math, only slightly lower than the richest students in the dataset by income, and a full standard deviation higher than students whose parents hold only high school diplomas.
Not sure what the GP was thinking, but I'd imagine having the future course of your life decided by a single day (or week or whatever) of standardized testing is, well, unpretty.
If the university’s and students’ interests are aligned there’s no need to mandate what admissions are based on, universities will admit those they can help (most). An income share agreement á la Lambda School is clearly superior here to loans. The university is far better able to shoulder risk than an ignorant student. The university can diversify its risk across the entire student body. Individual students can’t.
Standardized testing is horribly broken in multiple ways and relying on it heavily also destroys the quality of education. Moreover, if you'd read anything about this latest scandal you'd understand how much it's possible to game standardized testing.