I am an international student, I know that the policy for these exams has changed in recent years, but I would like to know if these exams add any significant value to my application?
Hey, Dav. If you're referring to colleges where standardized testing is now optional, applying test-optional (not submitting SAT or ACT scores) will NOT hurt your application. Of course, if you do well on either or both tests, including your score will be beneficial and act as a "plus" rather than a "pass." Don't feel required to take the tests solely to increase your chances, since many colleges are not basing their decisions on them.
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