What is the Point of PSAT Tests?

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What is the point of PSAT tests? My daughter is on the edge of her seat waiting for hers to arrive but I don't know what the importance is or what we do with them once we have them. Can you help me understand why these matter?

While "The Dean" is not a fan of the over-testing that the college admissions process has spawned, there are good reasons to take the PSAT ... at least in the current college admissions climate. These include:

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