Financial Aid Loophole
Some Illinois parents have been exploiting a legal loophole to win their children need-based college financial aid and scholarships they would not otherwise receive. First, parents turn over guardianship of their teenagers to a friend or relative. Then the student declares financial independence to qualify for tuition aid and scholarships.
Are you a parent, student, school administrator or someone else who has seen this in action? We’d love to hear from you.
Featured Posts in this Series
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At Hearing on Financial Aid Scandal, Lawmakers Grill Officials and Look to Close a Loophole
Illinois politicians considered denying admission to students whose families exploited the guardianship law to qualify for aid they wouldn’t otherwise receive, saying it was an “injustice.”
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Parents Are Giving Up Custody of Their Kids to Get Need-Based College Financial Aid
First, parents turn over guardianship of their teenagers to a friend or relative. Then the student declares financial independence to qualify for tuition aid and scholarships.
9 stories published since 2019
