Posted on 07/30/2019 1:06:29 PM PDT by C19fan
Well-to-do Illinois parents, including lawyers, doctors and realtors, are reportedly giving up custody of their high school-aged children in order to help them secure scholarships and financial aid reserved for low-income students.
Separate investigations conducted by ProPublica Illinois and The Wall Street Journal have uncovered dozens of cases in the wealthy suburbs of Chicago involving parents transferring legal guardianship of their teenagers to grandparents, aunts, friends, or even co-workers over the past year-and-a-half.
The idea behind the tactic, which is legal in Illinois, is that once the parents give up custody, the children are able to declare themselves financially independent on college applications and declare dramatically lower incomes.
The Wall Street Journal cites one example article where a student whose parents owned a $1.2 million house ended up declaring only $4,200 earned from a summer job, and securing $47,000 in scholarships and federal grants to attend a private university where the annual tuition costs $65,000.
(Excerpt) Read more at dailymail.co.uk ...
I agree completely. While the government is part of the problem, I believe the universities are largely at fault. This is another way they get to live in their Marxist fantasy land.
Why not?
While your at it,have delare to be a Nigerian, one -legged, intersectional
Human and grab mo munee too!
I had a (white) friend in high school whose family had immigrated from South Africa ... naturally he always checked the “african american” box and always got gov’t freebies and preferential treatment .. I have no problem with abusing the system while staying within the rules,, abuse it enough and it will be “reformed”...
Loans? or parent plus? But fafsa???? Also the college’s that require cse do ask for home assets.i told my kids you aren’t going to any of those colleges.
_________
Ouch! Well said, sir.
****
On another subject ..... I was torn between monster-man Yasiel Puig's brawl-infested exit from Cincinnatti and ethereal Mariane Williamson's priceless "Dark Psychic Force" of the Trump administration last night.
The brawl won.
https://www.foxnews.com/sports/reds-amir-garrett-pirates-fight-dugout-ejection
Loans. I know you said fafsa but I doubt anyone with a million+ dollar house will qualify for federal aid. My guess is that all the top 30 (USNWP ranking) universities will ask for information on assets.
Personally, I would like to see the university system as is, go under.
I have the pre-game show on now. Looking forward to a rematch!!!
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