Week 13: College Board is Evil!

As AP season approaches, I am preparing for the imminent death that is AP Testing. If you don't know, College Board creates a new AP test every year, for every new subject. And they charge you $86 per test. Oh, and they also write SAT tests every year, and administer them about 6 times per year, for about $40 a pop. Thus, it is nearly impossible to avoid paying College Board money. A college-bound student must take either the ACT or the SAT and many schools require SAT Subject Tests, also a product of College Board. And then, companies such as the Princeton Review and Barrons, write books that supposedly help students pass the SAT or AP tests, and those cost about $20-$40 a piece. All in all, the cost of just getting into college can climb into the thousands of dollars, even before tuition and application fees are assessed. According to their website, College Board is a non-profit organization. However, this article shows that College Board's annual net profits are about $62 million dollars. This begs the question, where does that money go? Do CEOs receive benefits that are written off as "salaries"? Do new, lavish buildings get credited as "overhead"? I wonder.... Hopefully, College Board will attempt a grasp at morality and try to make getting into college more affordable!

Week 12: My Carbon Footprint

On Wednesday, I found out that I have a humongous carbon footprint. I commute nearly 60 miles a day to school, and that's if I don't have to go anywhere after school. On Mondays and Fridays, I carpool, so that means I drive about 240 miles per school week. Over the 180 days of school, I drive about 8640 miles over the school year. That means I use about 8.5 barrels of oil per year and produce 4.5 tons of carbon dioxide per year. This number is probably much larger if my entire driving year is calculated. There are two main reasons, I think, that these numbers are higher than my peers. One, my car is about 13 years old, which could mean than EPA regulations for the engine are less restrictive than current regulations. Second, I live 28 miles from school, 5 miles from the interstate, and about 15 to 30 miles from all of Hoover, the most popular place to shop or eat, and from all of my friends. There are no quick fix solutions to either of these problems and when I go off to college, my parents will have far less spending on gasoline. My younger brother will only have to drive about 3 miles to his school, and I will only be driving up to see them on weekends from college. Hopefully, this will reduce our family's carbon footprint.

Week 11: Bank Overdraft Fees

Besides the national banking meltdown, bank overdraft fees have contributed to Americans' mistrust in banks. Last weekend, I deposited my paycheck in the bank Saturday morning. That evening, I bought something to eat after I got off work. The cost of the food was more than I had in my checking account, and when I was checking my accounts that night, I noticed that my available balance was $-1.16. I panicked and thought I would get charged an overdraft fee, even though I believed that the charge should not be debited from by account until Monday, after my paycheck had been processed. All in all, I was not charged a fee, but the fear of having the fee assessed was enough for me. Why do banks charge fees anyway? Why not just decline the charge on the basis on Insufficient Funds. That would have saved me a ton of worry. According to this article, banks claim that it is impossible to maintain real time balances on many checking accounts due to the amount of debits and credits processing at any one time. Couldn't they just have a screen displaying available and ledger balance? That's what my bank does on their website. And the approximately $10 billion made off of "service fees", approximately one-third of a bank's income, could be used to install new software in their customer interfaces. I hope that eventually, a more open, speedy banking system will be available to customers.