The college admissions consultancy group IvyWise will whisk seven students -- each with a parent in tow -- on an opulent, first-of-its-kind, four-day tour of seven elite universities this fall.

For a mind-boggling, all-inclusive $300,000, the college admissions consultancy group IvyWise will whisk away seven students — each with a parent in tow — on an opulent, first-of-its-kind tour ...