I phrased that poorly--yes, the SAT correlates more closely to socioeconomics. It can be useful for comparing students in the same economic or racial group. It does not however, predict how well a student will do in college (it can slightly predict how well a student will do freshman year). A high school transcript is much better at predicting success in college.
Edit: There is a thread about academic standards at Wake as far as student athletes. I have worked in the admissions office at a very selective liberal arts college (D3). There are certainly "exemptions" here (ie: the student is only being admitted because of their athletic skill, but they still have to be able to "do" the work). We feel better about student-athletes with a solid secondary school record, even if their testing is a bit low. This is especially true for sports like football (more working class students and racial minorities) where testing needs to be measured in their "context".
I haven't take an SAT in about 30 years. However, I was recently informed by a college admissions representative that the written portion of the SAT can be coached so that someone can almost achieve a perfect score.
I never followed up the conversation but I assume there are key buzzwords or phrases that can be used. Anyhow, he said his school doesn't even use the written portion of the SAT for this reason.
Have you heard this as well Garden? Thoughts on this?