The corresponding percentile of each scaled score varies from test to test—for example, in 2003, a scaled score of 800 in both sections of the SAT Reasoning Test corresponded to a percentile of , while a scaled score of 800 in the SAT Physics Test corresponded to the 94th percentile. The differences in what scores mean with regard to percentiles are due to the content of the exam and the caliber of students choosing to take each exam. Subject Tests are subject to intensive study (often in the form of an AP , which is relatively more difficult), and only those who know they will perform well tend to take these tests, creating a skewed distribution of scores.
Founded in 2003, the Asian and Pacific Islander American Scholarship Fund (APIASF) benefits from the educational philanthropy of some of the biggest corporations in America. The APIASF gives generously to Asian American students pursuing higher education at all levels. APIASF regularly awards a significant portion of its resources to Asian American women, and awards are distributed to residents of as many as 45 different states each year. To date, the Fund has disbursed more than $60 million worth of educational assistance to worthy applicants of Asian and Pacific Island descent. In addition to general eligibility requirements, each application requires an accompanying cumulative GPA of , and at least one letter of recommendation.
It’s also important to remember that investing in college, like investing in a house or a business, is a long-term prospect. As Figure 2 shows, new college graduates start out earning just a little more ($5,000 to $6,000) than high school graduates. Over time, this earnings gap grows markedly, so that after 15 years it’s over $25,000 per year. This means that comparing the current salaries of recent college graduates with those of people who started working right after high school won’t tell you that much about the future. Things will look much different 10, 20, and 30 years from now when the college investment has had enough time to pay dividends. Whether you launch a career in a boom or a recession, a college degree is an asset that becomes more valuable over the course of your work life.