How to balance collaboration and independence.
How to balance collaboration and independence.
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Key Points
The test-optional era in college admissions is rapidly drawing to a close. What began as an emergency response to Covid-19 disruptions has turned into one of the most significant policy reversals in recent higher education history.
From the Ivy League to SEC flagships, schools are bringing back SAT and ACT requirements, and some are now accepting the Classic Learning Test (CLT) as well. According to Brian Eufinger, co-founder of Edison Prep, “Even at schools that remain test-optional, scores are often still required to compete for top-tier merit scholarships.“
For the high school class of 2027, which will begin submitting applications this fall, standardized testing is once again a central part of the college admissions equation.
The dominoes began falling in early 2024, when Dartmouth announced it would reinstate its SAT/ACT requirement after an internal faculty study found that test scores remained the strongest predictor of academic success.
Harvard, Yale, Brown, Cornell, Caltech, and Stanford followed suit within months.
Princeton was among the last elite holdouts, but in October 2025, it announced that test scores would be required for the 2027-28 admissions cycle.
Every Ivy League school except Columbia now mandates or strongly recommends standardized testing.
The shift has been driven largely by data. Schools that went test-optional found that the absence of scores made it harder to identify talented students. And this has real world implications for colleges and their budgets. If students drop out, it’s harder to fill transfer students than freshman.
Without a standardized benchmark, admissions offices leaned more heavily on grades and extracurriculars, metrics that can be skewed due to grade inflation or could favor wealthier applicants with access polished resumes.
The trend is not limited to private elites. Some of the largest public universities are also reinstating test requirements for the fall 2027 entering class.
LSU announced that it will once again require ACT or SAT scores.
Auburn University is phasing out its test-optional policy entirely. For fall 2027, all applicants will be required to submit ACT or SAT scores, regardless of GPA.
The University of Alabama updated its admissions process as well. Starting with the 2027 entering class, students with a cumulative high school GPA below 3.0 will be required to submit a standardized test score.
These announcements follow earlier moves by the entire Florida and Georgia public university systems, which had already reinstated testing requirements.
The University of Florida now requires SAT, ACT, or CLT scores for all applicants, and the University of Texas at Austin brought back its requirement in 2024.
One notable development in this cycle is the growing acceptance of the Classic Learning Test (CLT), a newer standardized exam that has gained traction. Roughly 325 colleges and universities now accept the CLT.
In February 2026, the University of North Carolina system approved the CLT as an acceptable alternative to the SAT and ACT for fall 2027 admissions across all UNC campuses. The U.S. Service Academies also began accepting CLT scores for the 2027 admissions cycle. Florida public universities already accept the CLT for admissions and state scholarship eligibility.
Here is a list of colleges that have reinstated SAT or ACT testing requirements (or now strongly prefer them), sorted alphabetically:
The return of testing requirements has immediate implications for families.
According to Eufinger, “Many colleges are belatedly announcing whether they will return to mandatory testing. Not all schools have even finalized testing policies for the Class of 2027. These timelines are simply too late to be fair.“
Families with students in the class of 2027 and beyond should at least take practice SAT/ACT tests to see where their students land, since even if part of their list may be test optional for admissions, solid scores can secure five and six figures of additional merit aid even at test optional schools.”
High school juniors in the class of 2027 who have not yet taken the SAT, ACT, or CLT should plan to do so before fall 2026 application deadlines.
For families weighing test prep costs, free resources are widely available. The College Board offers free SAT preparation through Khan Academy, and the CLT provides free practice tests on its website.
However, if you’re wanting to apply to a competitive college, prepping for these exams needs to start now. Families shouldn’t wait for the colleges to make up their minds when it comes to something like test prep that takes time.
Which colleges are requiring SAT or ACT scores for the fall 2027 admissions cycle?
Over 60 colleges and university systems are once again requiring the SAT or ACT for the 2027 admissions cycle.
Why are colleges reversing their test-optional policies after just a few years?
College are reversing their test optional policies because test scores, combined with other admissions criteria, are good indicators of student success. Students who fail in their college career are both financial and reputational liabilities to colleges.
Does submitting test scores still matter at schools that remain test-optional?
Yes, even many test optional colleges are, in reality, test preferred. For example, Boston College is test optional, but 75% of applicants submit test scores. If you want to be competitive, testing matters.
What should high school juniors in the class of 2027 do right now to prepare for these new testing requirements?
Now is the time to setup a test practice schedule and even take a test to see where you stand. That gives you time to study and improve if you identify gaps.
Don’t Miss These Other Stories:
Editor: Colin Graves
The post Colleges Are Requiring SAT and ACT Scores Again — Here’s the Full List for 2027 appeared first on The College Investor.
Update 4/4/26: Died for a few days but seems to be available again until June 7, 2026. Again I’d sign up ASAP to avoid missing out.
Update 4/1/26: Deal is back but hold period is now 150 days instead of 90. I still think this probably gets pulled early like last time so do it ASAP. Terms now say ‘Customer must not have an existing or prior account with Primis Bank or any of its divisions, including 316 Financial’
Offer at a glance
Direct link to offer
Account also earns 4.05% APY and this is competitive with basic savings rates. Unfortunately doesn’t seem like you will be eligible if you’ve done the previous 316 financial checking bonuses. This is a division of Primis bank. I can definitely see this being pulled early so if you’re interested I’d recommend signing up ASAP. Will be added to our best bank account bonus page.
Hat tip to reader snailrock
Useful posts regarding bank bonuses:
Social Security is an important part of most retiree budgets. It provides an income foundation that, hopefully, will be supplemented by other sources of income, like pensions and retirement savings. However, when to start collecting Social Security is a complex choice. Here are some important things to consider as you make your decision.
You pay into Social Security while you are working, and when you stop working, you can start collecting it. However, there are some limits. The earliest you can start collecting Social Security is age 62. However, if you do so, you will permanently reduce the amount you collect each month relative to your full retirement age. Your full retirement age will fall between 65 and 67, depending on your birth year.
Image source: Getty Images.
That said, if you wait until after your full retirement age, your check will be permanently increased. But the increases end when you reach 70, after which Social Security no longer offers this benefit. Of course, you don’t actually need to start collecting Social Security at all, if you don’t want to. Most people will want to collect Social Security, and here are four signs that it is time to start collecting right now.
Social Security is meant to be a safety net that helps to protect older Americans from poverty. The program has done an excellent job of this, but what if that’s not an issue for you? Perhaps you have been lucky enough to amass substantial retirement savings and could live off them if you needed to. In that case, you may not even need Social Security. But you may also not need to keep working, either.
In this case, starting to collect Social Security right away might give you the emotional breathing room to quit your job. That way, you could spend more time with family and friends, and do the things you want to do instead of things you feel you have to do to earn money.
If getting up each day is a chore that seems unbearable, it might be time to stop working. Or at least to find a new job. However, many adults are in their highest earning years just before retirement, and it can be hard to call it quits. Starting Social Security if you are over 62 and need a change would allow you to continue collecting some income while figuring out your next steps.
If you go back to work and earn more than a certain amount of money ($24,480 in 2026, unless you are in your full retirement year, in which case it would be $65,160), Social Security will reduce your monthly check and add credits to your future payments when you reach full retirement age. After you reach your full retirement age, you can work without any impact on Social Security. In other words, Social Security can be a backstop for you if you just need a change but don’t know what that change is just yet.
Like it or not, we are all aging. And, sometimes, our age or other health issues make work hard, if not impossible. If you are 62 or older, starting to collect Social Security is a simple way to stop the pain of the daily grind. Social Security is meant to be a backstop, and if you are hurting, it could be exactly what you need so you can focus on healing.
As noted above, Social Security benefits increase if you wait to collect them. However, Social Security stops increasing your check at age 70. You don’t have to collect Social Security at all if you don’t want to, but if your entitlement has reached its highest level, there’s no benefit in waiting to start collecting it.
Social Security is a powerful retirement tool. Make sure you understand what the entitlement offers as you consider your own personal life situation. In the end, you may find you can start collecting sooner than you think, or you might choose to hang on for longer to ensure you receive the highest possible Social Security benefit.
Compliance company says whistleblower claims of fabricated security certifications are the work of “a malicious actor.”
Rocket Mortgage and United Wholesale Mortgage waged another fight over who would be the market leader in 2025 and appear to have ended the year with a split decision.
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While UWM held onto a healthy lead in terms of dollar volume, Rocket inched ahead and became No. 1 based on loan count, according to Polygon Research’s analysis of modified loan application register data from Home Mortgage Disclosure Act reports.
Rocket reported producing 429,332 loans in 2025 with a 6.33% market share, compared to 422,120 and 6.25%, respectively, at UWM. The wholesale lender had 366,078 loans and a 5.95% market share
“We see a different leaderboard by number of originations,” Lyubomira “Val” Buresch, founder and CEO of Polygon Research, said in an interview about 2025’s numbers.
“There are two distinct strategies for the top two lenders that are contending for the No. 1 position,” Buresch added.
United Wholesale focused on homebuyer loans, while Rocket had higher volumes of cash-out refinances and
UWM easily surpassed Rocket based on dollar volume given its focus on purchase loans that typically have higher balances than cash-outs or seconds. Its loan volume was $164.32 billion and it had a 7.69% market share, compared with $116.16 billion and 5.44% at Rocket.
Rocket’s data for last year might not reflect the full impact of its Mr. Cooper acquisition, which closed Oct. 1, 2025. There is often a lag between when a deal closes and two companies’ numbers get combined for HMDA purposes, Buresch noted.
Mr. Cooper, which has reported into HMDA under its original Nationstar name, ranked 23 as an originator in 2025, according to Buresch.
The top 10 players controlled nearly one-quarter or more than 24% of the originations in 2025, according to Buresch.
Overall HMDA numbers do include some multifamily loans, which tend to have larger balances. So the loan count figure is generally a better indicator of the leaders in the single-family market.
Removing the multifamily component to focus on single-family does not change the composition of the top 10 much, other than to move No. 6-ranked nonbank LoanDepot up a notch to take JPMorgan Chase’s position, Buresch said.
Several institution types report into HMDA, with the strongest loan count growth coming from nonbanks last year at 15%. Banks’ loan counts were up 5%.
Primary mortgage growth ran at a rate around 10% last year, with subordinate liens up 9.2%.
Overall, last year’s HMDA numbers show overall originations rose to 6.8 million from 6.25 million in 2024 with a decrease in the denial rate to 22.5% from 24.3%, according to a separate RiskExec HMDA analysis.
HMDA data available so far for 2025 contains more than 13.5 million records from more than 4,760 respondents. In 2024, there were 12.1 million records from around 4,900 respondents.
At some point, you may have seen the question, “Would you rather have a penny that doubles each day for a month or 1 million dollars?” You may be wondering whether the option you’d instinctively choose is the best option. Fortunately, you can figure it out with a little math. If you had to pick between a penny that doubles each day for a month or 1 million dollars, here’s what you need to know.
The challenging question about which option you’d take is actually based on an Indian fable. The “One Grain of Rice” fable – as it’s was popularized by the author Remi – involves a raja who was keeping rice from his people. A village girl saw rice falling that was supposed to head to the raja, and, in return for her good deed of collecting it and giving it to the raja, she was offered a reward.
The girl initially asked for one grain of rice. When the raja scoffed, she altered her request to one grain of rice that doubles each day for thirty days. The raja accepted, only to discover that the end sum was quite sizeable.
In many cases, a person’s first instinct when asked to choose between a penny that doubles each day for a month or 1 million dollars is to take the million. Mainly, it’s because $1,000,000 and $0.01 are so vastly different, making it appear like the penny option couldn’t catch up.
However, by going with the penny instead, you actually come out dramatically ahead. Here’s the full breakdown by day:
Day 1 – 10
| 1 | $0.01 |
| 2 | $0.02 |
| 3 | $0.04 |
| 4 | $0.08 |
| 5 | $0.16 |
| 6 | $0.32 |
| 7 | $0.64 |
| 8 | $1.28 |
| 9 | $2.56 |
| 10 | $5.12 |
Day 11 – 20
| 11 | $10.24 |
| 12 | $20.48 |
| 13 | $40.96 |
| 14 | $81.92 |
| 15 | $163.84 |
| 16 | $327.68 |
| 17 | $655.36 |
| 18 | $1,310.72 |
| 19 | $2,621.44 |
| 20 | $5,242.88 |
Day 21 – 30
| 21 | $10,485.76 |
| 22 | $20,971.52 |
| 23 | $41,943.04 |
| 24 | $83,886.08 |
| 25 | $167,772.16 |
| 26 | $335,544.32 |
| 27 | $671,088.64 |
| 28 | $1,342,177.28 |
| 29 | $2,684,354.56 |
| 30 | $5,368,709.12 |
Ultimately, choosing the penny leads to more than five times the million-dollar alternative – a total of 5.3 million. Many consider this a lesson of the power of investing and long-term monetary growth, showing just what could happen if you make sure that your money is working for you.
The exponential explosion in the penny riddle isn’t just a math trick—it’s how compound growth works in real investing and saving. The early days feel painfully slow (just like pennies adding up to only $1 or $5), but the later stages deliver much larger gains because your earnings start earning earnings.
Here’s what that looks like with actual money in 2026:
High-yield savings accounts are currently paying up to 3–4% APY (far above the national average of ~0.4%). Start with a modest $5,000 in one of the top online accounts, and let it compound. Over 30 years, that alone can grow significantly—without adding another dime—thanks to interest compounding.
Consistent small investments beat waiting for a windfall. Consider two people:
The early starter often ends up with far more, even if they invest less total money. For example, contributing $250 monthly at a conservative 7% average annual return can build a nest egg worth hundreds of thousands by retirement—much of it coming from compounding rather than new deposits.
Starting early creates dramatic differences. A young adult who puts away $1,000 today and lets it ride at historical stock market returns (around 10% long-term average) can see it multiply many times over decades. Add regular contributions, and the effect snowballs—just like the penny crossing $1 million late in its 30-day run. In fact, many, many americans have become millionaires by doing this consistently.
With inflation still a factor (forecasts for 2026 between 3% and 5%) and market volatility from economic shifts—the penny question reminds you to focus on starting small, staying consistent, and giving your money time to double (and re-double) repeatedly.
If you had to choose a penny that doubles each day for a month or 1 million dollars before reading the article above, what would you have chosen? Are you surprised that the penny puts you ahead, or did you already know that was the case? Share your thoughts in the comments below.
Editors Note: Artificial intelligence was used to generate portions of this article. The entire article was reviewed and edited by a real person. The opinions here are our own.

James Hendrickson is an internet entrepreneur, digital publishing junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
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