Financial Aid Loophole
Giving Up Guardianship to Get Aid
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.
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.”
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.
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.”
El Departamento de Educación Federal Quiere Frenar la “Trama Fraudulenta de Ayuda Estudiantil” en que Padres Ceden La Custodia a Través de Tutelas Dudosas
Un día después de nuestro reportaje, el inspector general del departamento dice que quiere cerrar los agujeros legales de ayuda financiera.
Illinois Lawmakers Call Hearing to “Demand Answers” and Find Ways to Close a Loophole in College Financial Aid Scandal
Legislators said parents who turn over guardianship of their children to get financial aid engaged in a “manipulative practice.” They’re exploring whether they can subpoena parents to testify.
U.S. Department of Education Wants to Stop “Student Aid Fraud Scheme” Where Parents Give Up Custody Through Dubious Guardianships
One day after our reporting, the department’s inspector general said it wants to close financial aid loopholes.
