SOURCE: Magoosh

Magoosh

November 08, 2011 11:00 ET

Magoosh Offers Long Term Economic Stimulus via Free SAT Test Prep

Magoosh Partners With College Track and the Mitchell Kapor Foundation to Give Local Communities Free Access to High Quality SAT Test Prep

BERKELEY, CA--(Marketwire - Nov 8, 2011) -

News Facts:

  • Magoosh (www.magoosh.com), a test prep company that allows students to learn from the best tutors in the world for a fraction of the cost, today announced a comprehensive SAT Prep guide for students preparing for a path to higher education. The programs aim is to provide long term economic stimulus by giving away free SAT Prep for the remainder of 2011.
  • With the estimated lifetime earnings for college graduates nearly double that of high school graduates ($1.7 million vs. $3.3 million) (http://srph.it/f2x7yD); successful completion of the SAT is a critical factor in improving the future economic prospects for the next generation of U.S. workers.
  • Bureau of Labor Statics data (http://www.bls.gov/emp/ep_chart_001.htm) shows that pay increases, and instances of unemployment decrease, significantly as people move from high school to college education levels.
  • In light of recent SAT scores dipping to the lowest on record in five years, the goal of the test prep program is also to bridge the achievement gap by offering all students access to high quality educational material delivered through engaging and effective videos online.
  • Income inequality has grown in the United States over the past four decades and has adversely impacted the level and quality of education students can access. According to a 2010 College Board report, students from high income families are eight times more likely than those from low income families to earn a college degree by age 24.
  • Magoosh will also work with College Track (www.collegetrack.org) and the Mitchell Kapor Foundation (http://mkf.org/) to support local communities. Magoosh will provide access to its SAT Prep program to thousands of students in an effort to help get youths college ready through technology that will improve overall scores today and in the future.

Magoosh SAT Insights:

  • Most missed questions: Magoosh is releasing a list of the 10 most difficult SAT questions, based on the ones that give users the most trouble, along with tips on mastering these more difficult areas of the test. Read more on the Magoosh blog: http://magoosh.com/sat/2011/10-most-difficult-sat-questions
  • Improvement needed for Ivy League admission: A random sampling of Magoosh students, showed a 17 percent improvement in standardized test scores after using Magoosh. This improvement is the difference between the mean SAT scores for students admitted to colleges outside of the U.S. News and World Report top 25 and the mean SAT scores for students admitted to Harvard.
  • The importance of pacing: Besides understanding the material, pacing is the most important thing to master for success on the SAT. Magoosh tracks and benchmarks your pace to help you master this secret weapon in SAT prep.
  • The cost of test prep: On average, parents spend between $600 and $4,000 when helping their kids prepare for the SAT. Magoosh hopes to save families money in this difficult economic time.

Magoosh SAT Complete Prep Features:

  • More than 700 unique videos (30+ hours of video in all) and 400 practice questions
  • Practice and quiz modes that let you prepare and experience an SAT-like test
  • Access via the web from any internet-enabled device (laptop, iPad, iPhone, Android); no download needed

Quotes:

Attributable to Hansoo Lee, co-founder & CEO of Magoosh:
"Magoosh is here to remind the world that knowledge and education are still the keys to creating real, fundamental change -- and we'd like to offer some help. We hope to be test prep for the '99 percent' -- if we can offer free help for all students, they can get access to higher education and work from within to change any system they don't agree with, now or in the future."

Attributable to Giana Rodriguez, College Track:
"College Track is a nonprofit college prep after-school program. We help motivated students from under-resourced communities graduate from high school and gain admission to college. Over 90 percent of our students will be the first ones in their families to earn a college degree. All of our students come from populations historically under-represented in higher education."

Attributable to Tiffany Price, Mitchell Kapor Foundation:
"The mission of the Mitchell Kapor Foundation is to enhance opportunities in local communities and we strongly believe that education is the best way to drive social change. We need more companies like Magoosh who provide the tools and access to ensure that low income communities are given a chance."

About Magoosh:
Founded in 2009 by a group of UC Berkeley graduate students, Magoosh is the most convenient, effective, and affordable way to prepare for standardized tests online. Magoosh uses short-form videos and practice questions to deliver tailored learning experiences. Perfect for aspiring students and anyone looking to explore new career opportunities, Magoosh brings you helpful educational material and experienced tutors so you can learn anywhere, anytime and on any device. For more information on how to prepare for GMAT, GRE, SAT and TOEFL, please visit: www.magoosh.com. You can also follow us on Facebook (www.facebook.com/#!/Magoosh) and Twitter (http://twitter.com/#!/magooshgre).

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