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Portfolios consist of assessments produced at school. by ewillND

So you can see the actual piece of work that the student did, or you can just see the grade at the top. Mom and dad would have a tough time putting together a piece of work that I sent to a university as part of a kid's portfolio--they do all of our assessments in class.

SATs may correlate to IQ tests, but there is also good evidence that they also correlate to wealth--rich kids do better than poor kids, in part because of actual physiological differences in the brain that occur because the kids from lower-income families don't have the same opportunities to develop their temporal and occipital lobes, and they are often subjected to more stress. So our system is making the rich get richer and the poor get poorer, because inequitable access to a good education makes it so.