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This article is about the consulting company. For the journal produced by Princeton Theological Seminary, see The Princeton Theological Review.
The Princeton Review
Type Private
Industry Education
Founded 1981
Founder(s) John Katzman, Adam Robinson
Headquarters Natick, Massachusetts
Owner(s) Charlesbank Capital Partners
Divisions College, Business School, Law School, Grad School, Med School
Website www.princetonreview.com

The Princeton Review is a test preparation and college admission services company offering test preparation services, tutoring and admissions resources, online courses, and books published by Random House. The company has more than 4,000 teachers and tutors in the United States and Canada and international franchises in 14 other countries. The company is headquartered in Natick, MA, and is privately held.

History[edit]

21st century[edit]

On May 18, 2012, the Princeton Review brand name and operations were bought for $33 million by Charlesbank Capital Partners, a private-equity firm. The company is now private, and is no longer affiliated with its former parent, Education Holdings 1, Inc.[1]

Test preparation[edit]

The Princeton Review offers preparation courses for various tests at the Princeton Review website:[2]

The company offers courses world-wide through company-owned and third-party franchises. Countries with Princeton Review franchises include China, India, Israel, Japan, Kuwait, Malaysia, Mexico, Pakistan, Qatar, Singapore, South Korea, Syria, Taiwan, Thailand, Turkey, and the United Arab Emirates.[3]

The Princeton Review offers both private tutoring and classroom courses. Most courses and tutoring guarantee an improvement in scores.[4]

College admissions[edit]

The Princeton Review Bookstore[5] publishes various guides to colleges, including The Best 378 Colleges (Aug 2013),[6] the Complete Book of Colleges (July 2013), Best Value Colleges (January 2014),[7] College Essays That Make a Difference (Dec 2012), Paying for College Without Going Broke (Oct 2013), and Guide to Colleges For Students With Learning Disabilities (Sept 2012). It also publishes test preparation books for college and grad school-bound students in various test types (SAT, ACT, AP, MCAT, GMAT, GRE, LSAT, etc.).

The Princeton Review website provides free advice and tools for college admissions, testing and financial aid.[8] It also provides access to student opinion ranking lists from The Best 378 Colleges (Aug 2013), including "Top 20" ranking lists in categories such as "Professors Get High Marks," "Happiest Students," "Party Schools," and "Dorms Like Dungeons.".[9] The Princeton Review website offers a FAQ section which explains its student survey methodology, how and why it generates its rankings and ratings info, how it chooses colleges for inclusion in "The Best 378 Colleges", etc.[10]

The admissions division also offers services to high school guidance departments, colleges.[11] and directly to students and families through its one on one college counseling division, Collegewise [12]

Criticisms[edit]

Test preparation providers have been criticized in the past on the grounds that their courses claim larger score increases than they deliver.[13]

College rankings, including those published by the Princeton Review, have been criticized by educators and commentators for failing to be accurate or comprehensive by assigning objective rankings formed from subjective opinions.[14] The Princeton Review officials counter that their rankings are unique in that they rely on student opinion and not just on statistical data.[15][16]

In 2002 an American Medical Association affiliated program, A Matter of Degree,[17] funded by the Robert Wood Johnson Foundation from 1996 to 2003 criticized the Princeton Review list of Best Party Schools and requested that the list be discontinued.[18] The AMA removed the claim from its website three weeks (Sept 2002) after its posting.[citation needed] In August 2002 MSN.com also ran a poll on its site as their question of the day, “Should The Princeton Review continue its party school ranking?” to which over 60% of respondents said yes.[citation needed] USA TODAY published an editorial titled "Sobering Statistics" [19] on August 20, 2002 about the AMA's criticism of Princeton Review's party schools list. The editorial stated, "the doctor's group goes too far in suggesting that the rankings contribute to the problem" (of campus drinking). The editorial noted the fact that among the schools the AMA program was then funding as part of its campaign against campus drinking, six of 10 of those schools calling for The Princeton Review to "drop the annual ranking".... "had made (Princeton Review's) past top-party-school lists: many times for some. That's no coincidence." The editorial commended The Princeton Review for reporting the list, calling it "a public service" for "student applicants and their parents." The editorial further added that The Princeton Review had done "the schools (named on the list)—and their students—a favor."

The rankings for LGBT-related lists have also been criticized as inaccurate due to outdated methodologies.[20] The Princeton Review bases its LGBT-Friendly and LGBT-Unfriendly [21] top twenty ranking lists on answers given by all undergraduate students at colleges completing its student opinion survey. The question asked of all students is as follows: "Do students, faculty, and administrators at your college treat all persons equally regardless of their sexual orientations and gender identify/expression?" The Princeton Review also publishes, The Gay & Lesbian Guide to College Life.[22][23]

References[edit]

  1. ^ "Princeton Review to sell test prep business name". Associated Press. 27 March 2012. Retrieved 17 October 2013. 
  2. ^ Official website
  3. ^ International Offices of The Princeton Review at the Princeton Review website
  4. ^ Our guarantee at the Princeton Review website
  5. ^ The Princeton Review | Bookstore. Randomhouse.com. Retrieved on 2013-09-07.
  6. ^ Robert Franek – author of The Best 378 Colleges, [1], “Review of survey methodology, student opinion profiles, ranking lists & school ratings”, Aug 2013,
  7. ^ Robert Franek – author of Best Value Colleges, [2], “Project overview, methodology, ranking lists & school data on college costs”, Jan 2014,
  8. ^ Colleges and careers at the Princeton Review website
  9. ^ Best 378 Colleges rankings at the Princeton Review website
  10. ^ FAQs: The Best 378 Colleges, 2014 Edition. Princetonreview.com. Retrieved on 2013-08-02.
  11. ^ College Marketing Services
  12. ^ Collegewise, Admissions Services Division of The Princeton Review
  13. ^ John Hechinger. "SAT Coaching Found to Boost Scores – Barely", The Wall Street Journal, 20 May 2009.
  14. ^ Valerie Strauss. "U.S. News’s College Rankings Face Competition and Criticism", The Washington Post, 17 August 2008.
  15. ^ Robert Franek – author of The Best 377 Colleges
  16. ^ [3], “Review of student opinion survey specifics & Interview on NBC’s Today Show regarding book & student opinion ranking lists”, Aug 2012,
  17. ^ [4][dead link]
  18. ^ End of Top Party School's Ranking?. The Early Show. CBS News. August 27, 2002. Retrieved on October 30, 2009.
  19. ^ USA TODAY OPED Staff,"Sobering Statistics", “USA TODAY”, Aug. 20, 2002
  20. ^ Shane Windmeyer. "Princeton Review’s Approach IS Outdated", The Advocate, 13 August 2009.
  21. ^ http://www.princetonreview.com/schoollist.aspx?id=707
  22. ^ The Princeton Review
  23. ^ Guide to College for LGBT Students. Princetonreview.com. Retrieved on 2013-08-02.

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/The_Princeton_Review — Please support Wikipedia.
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976 news items

New York Times

New York Times
Tue, 29 Jul 2014 14:56:15 -0700

IAC said on Tuesday that its online tutoring unit, Tutor.com, would buy the Princeton Review, whose test preparation guides are familiar to students studying for the SAT and other standardized tests, from Charlesbank Capital Partners, a private equity ...

Wall Street Journal

Wall Street Journal
Tue, 29 Jul 2014 14:45:00 -0700

The move comes as the Barry Diller-run IAC looks to mitigate weakness in its media operations, whose revenue declined 19% during the first quarter after the company's sale of Newsweek last year. The Princeton Review will be merged with Tutor.com, which ...
 
Boston Business Journal (blog)
Wed, 30 Jul 2014 12:03:17 -0700

A unit of Barry Diller's IAC, the publicly traded website holding company, announced Tuesday that it will acquire The Princeton Review, a Natick-based test prep company. Tutor.com, which IAC acquired last year for about $40 million, will acquire The ...
 
Thomson Reuters' peHUB (press release)
Wed, 30 Jul 2014 04:13:41 -0700

Charlesbank Capital Partners has agreed to sell test preparation and college admission services company The Princeton Review to Tutor.com, an operating business of IAC. The deal is expected to close on Aug. 1, 2014, subject to closing conditions.
 
New York Business Journal
Wed, 30 Jul 2014 10:15:00 -0700

Tutor.com, itself, came under the IAC (NASDAQ: IACI) umbrella last year, the New York Times reported, in a deal estimated to be worth about $40 million; the terms of this deal for the Princeton Review were not disclosed. The Princeton Review name will ...
 
Kansas City Star
Sat, 26 Jul 2014 17:56:15 -0700

The Princeton Review provided the first prized rankings for the Bloch School program that Michael Song built. But a Kansas City Star examination of applications to the Princeton Review submitted by the Regnier Institute for Entrepreneurship and ...

Businessweek

Businessweek
Tue, 29 Jul 2014 14:35:41 -0700

The Princeton Review agreed to be acquired by Tutor.com, a unit of Barry Diller's IAC/InterActiveCorp (IACI:US), to bolster its test preparation services. Tutor is buying the company from Charlesbank Capital Partners LLC, a Boston-based private equity ...
 
Crain's New York Business
Tue, 29 Jul 2014 14:56:15 -0700

(Bloomberg) -- Tutor.com, owned by Barry Diller's IAC/InterActiveCorp, agreed to acquire the Princeton Review to bolster its test preparation services. Tutor is buying the company from Charlesbank Capital Partners, a Boston-based private equity firm.
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