You won’t believe how much money colleges make on rejected applications

Chelsie Arnold

As of fall 2017, Harvard University dropped the Law School Admissions Test as a requirement for law school applicants.

This won’t lead to more people being admitted — but it just might increase the number of submitted applications. (After all, the whole idea behind Harvard deciding to accept the GRE instead of the LSAT is to make the law school more accessible and save students money.)

And at $75 per application, Harvard could stand to benefit too, in the form of more revenue.

Already, Harvard alone makes nearly $3 million in gross profits off of rejected applications each year, according to a new study conducted by UCEazy, a company that assists first generation immigrants with the college application and admission process.