Parents are giving up legal guardianship of their kids to get them a potential leg up in college admissions, according to a new ProPublica investigation. ProPublica identified cases around the Chicago suburbs where parents would hand over guardianship of their kids to friends or relatives. Students would then qualify for financial aid designed for poor students by filing as financially independent.
Parents are giving up legal guardianship of their kids to get them a potential leg up in college admissions, according to a new ProPublica investigation. ProPublica identified cases around the Chicago suburbs where parents would hand over guardianship of their kids to friends or relatives. Students would then qualify for financial aid designed for poor students by filing as financially independent.
This article is poorly written in that it conflates admissions preferences with financial aid, two separate issues.
No way!!! 😂😂😂😂😂. College ain't cheap, can't blame them much 😂
I call bullshit
MAGA
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College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Their Teens to Get AidThe Education Department is looking into a tactic that has been used in some Chicago suburbs, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid. Old news!!! Twisted ridiculous systems (such as American college finance) motivate twisted ridiculous workarounds. It’s the rational move. I wasn’t kidding when I said it’s easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God. Have you ever seen a camel? Have you ever threaded a needle? See where I’m going with this?
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Rich parents are using this extreme method to get their kids financial aid for collegeAmid an intense national furor over the fairness of college admissions, the Education Department is looking into a tactic that has been used in some suburbs here, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid, say people familiar with the matter.
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