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Cliff Mason is the author of Millennial Money. He is the Senior Writer of CNBC's Mad Money with Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at TheStreet.com during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Rich and Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like. Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.


Current DateTime: 07:47:00 28 Nov 2009
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Current DateTime: 07:47:00 28 Nov 2009
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Mar.12
12:21 PM ET
Thursday, 12 Mar 2009
Time To Rethink The College Application Process

With job opportunities drying up left and right, here's to hoping one of the most disgusting and distasteful aspects of our culture finally keels over: the college application/prostitution process.

Every year more and more high school students bend over backwards to try and sell themselves as well-rounded achievers to top tier colleges. But with the economy in shambles and the most prestigious universities cutting back on financial aid because of their incredible shrinking endowments, maybe the whole system will come crashing down.

What's the point of going to Harvard/Yale/Princeton/Stanford (said all in one breath) if you can't make big bucks when you graduate?

Unfortunately, I think the reverse may be happening. High school students are competing even harder for these slots because they want to help increase their diminishing odds of finding decent employment. Which brings me to why I wish this wasn't the case.

My mom saw a flier in my suburban hometown, a place that's not much more than an incubator for high school students looking to get into good colleges. Here's what it said, and I defy you to tell me you don't think this is disgusting: "After the SAT and GPA, Community Service has the highest impact on college admission. Of course the greatest benefit is to society itself. Name of Company Here: Personalized assistance to help students develop and promote their community service projects."

This totally encapsulates everything that's wrong, warped, and vile about the rat race for college admissions. There are now businesses that set students up with the community service projects that are most appealing on a college application and help them "promote" these projects?

That's putrid!

All the things I did in high school in order to get into college will forever remain a source of shame and indignity for me. I'm praying that the upside from this horrible job market will be that students in high school don't feel like there's anything to be gained by doing community service solely to get into college.

This process ruins people and colors the way they look at the world for the rest of their lives. This is the face of my generation's cynicism.

There are too many vested interests in keeping it alive, but man do I wish it would just die already.

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