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04 May 2022, 01:30
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
78% (02:05) correct
22%
(02:00)
wrong
based on 171
sessions
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A prestigious private high school has made available to local families a tuition prepayment plan to ease the burden of paying the school’s hefty tuition when a student matriculates. The plan allows parents of children under three years old to reserve a spot for their child at the school by making a payment of one-fourth of the current annual tuition for the high school. The parents then make an identical payment every year for the next 15 years, and the student’s full four-year tuition is considered paid in full, regardless of how much the regular tuition payments have risen in the intervening years.
Under which of the following circumstances would it be advisable for parents to take part in the preparation plan?
A. If the school assures parents that participation in the prepayment plan will be taken into consideration when the school admissions council makes decisions about which first-year students to admit to the school
B. If the parents are certain that their child will attend this high school, and if the rate of tuition increase would surpass the rate of return that the parents could earn if they invested the same 16 payments in interest-bearing investments of their own choosing
C. If the children of other parents who have taken part in the prepayment plan have been successful at the high school and gone on to enroll at Ivy League universities
D. If the parents feel that this high school will provide the best educational, athletic, and social experience that their child could receive
E. If the school can guarantee that its level of prestige at the time of the student’s matriculation will be as great as or greater than its current level
Under which of the following circumstances would it be advisable for parents to take part in the preparation plan?
A. If the school assures parents that participation in the prepayment plan will be taken into consideration when the school admissions council makes decisions about which first-year students to admit to the school
B. If the parents are certain that their child will attend this high school, and if the rate of tuition increase would surpass the rate of return that the parents could earn if they invested the same 16 payments in interest-bearing investments of their own choosing
C. If the children of other parents who have taken part in the prepayment plan have been successful at the high school and gone on to enroll at Ivy League universities
D. If the parents feel that this high school will provide the best educational, athletic, and social experience that their child could receive
E. If the school can guarantee that its level of prestige at the time of the student’s matriculation will be as great as or greater than its current level
04 May 2022, 07:02
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There is some PREPAYMENT Plan that a prestigious private high school proposes.
Why ?
To ease the burden (of local families) of paying the school’s hefty tuition when a student matriculates.
Question Stem:- Under which of following circumstances should the parents take part in the preparation plan ?
Now since the passage is regarding Financial aspect hence the answer choice should be linked to financial aspect.
If not financial aspect then other aspects like childern's interest , subject the high school teaches etc,
Pre-thinking:-
1. What if they(parents) can earn more by investing the 1/4th amount rather than paying. And this earning is more than the increase in the schools tuition fees.
2. What if the child doesnot have interest in the subjects the high school teaches.
3. What if the whole family shifts to a new town . In that case why to make payment.
Answer Choice Analysis:-
Choice A
Incorrect
This choice is IRREVELANT as the passage itself says "The plan allows parents of children under three years old to [u]reserve a spot for their child at the school by making a payment of one-fourth [/u]"
Choice B
Correct
Inline with our prethinking.
Choice C
Incorrect
Enrolling in IVY Universities ? Such great expectations from High School is needed? Irrelevant
Choice D
Incorrect
What parents feel is not important. Though this is not a great way to reject a choice but we have Choice B that is more inline with the passage
Choice E
Incorrect
Schools level of prestige will be same. What if the criteria of evaluation of prestigiousness will be biased towards this High School at the time of admission. Then it wont show the true picture.
Thanks
Feedback Appreciated.
Why ?
To ease the burden (of local families) of paying the school’s hefty tuition when a student matriculates.
Question Stem:- Under which of following circumstances should the parents take part in the preparation plan ?
Now since the passage is regarding Financial aspect hence the answer choice should be linked to financial aspect.
If not financial aspect then other aspects like childern's interest , subject the high school teaches etc,
Pre-thinking:-
1. What if they(parents) can earn more by investing the 1/4th amount rather than paying. And this earning is more than the increase in the schools tuition fees.
2. What if the child doesnot have interest in the subjects the high school teaches.
3. What if the whole family shifts to a new town . In that case why to make payment.
Answer Choice Analysis:-
Choice A
Incorrect
This choice is IRREVELANT as the passage itself says "The plan allows parents of children under three years old to [u]reserve a spot for their child at the school by making a payment of one-fourth [/u]"
Choice B
Correct
Inline with our prethinking.
Choice C
Incorrect
Enrolling in IVY Universities ? Such great expectations from High School is needed? Irrelevant
Choice D
Incorrect
What parents feel is not important. Though this is not a great way to reject a choice but we have Choice B that is more inline with the passage
Choice E
Incorrect
Schools level of prestige will be same. What if the criteria of evaluation of prestigiousness will be biased towards this High School at the time of admission. Then it wont show the true picture.
Thanks
Feedback Appreciated.
Sushil117
Joined: 04 Mar 2020
Last visit: 21 Apr 2026
Posts: 248
Given Kudos: 100
Location: India
Schools: Smith Ivey Alberta '23 HEC Montreal Rotman '23
GPA: 3.3
04 May 2022, 11:01
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A. If the school assures parents that participation in the prepayment plan will be taken into consideration when the school admissions council makes decisions about which first-year students to admit to the school
this doesn't really affect the decision since first year would be similar for each investment due to returns are to take place in future.
B. If the parents are certain that their child will attend this high school, and if the rate of tuition increase would surpass the rate of return that the parents could earn if they invested the same 16 payments in interest-bearing investments of their own choosing
this seems fine.If student decides to g for the different school,whole planning turns into a failure. correct
C. If the children of other parents who have taken part in the prepayment plan have been successful at the high school and gone on to enroll at Ivy League universities
this isn't the matter of interest in the argument .incorrect
D. If the parents feel that this high school will provide the best educational, athletic, and social experience that their child could receive
may seem like a farfetched answer,but it's wrong .Same as C
E. If the school can guarantee that its level of prestige at the time of the student’s matriculation will be as great as or greater than its current level
prestige isn't a concern here.Incorrect
IMO B
this doesn't really affect the decision since first year would be similar for each investment due to returns are to take place in future.
B. If the parents are certain that their child will attend this high school, and if the rate of tuition increase would surpass the rate of return that the parents could earn if they invested the same 16 payments in interest-bearing investments of their own choosing
this seems fine.If student decides to g for the different school,whole planning turns into a failure. correct
C. If the children of other parents who have taken part in the prepayment plan have been successful at the high school and gone on to enroll at Ivy League universities
this isn't the matter of interest in the argument .incorrect
D. If the parents feel that this high school will provide the best educational, athletic, and social experience that their child could receive
may seem like a farfetched answer,but it's wrong .Same as C
E. If the school can guarantee that its level of prestige at the time of the student’s matriculation will be as great as or greater than its current level
prestige isn't a concern here.Incorrect
IMO B
