Guardianship Scam to Get College Financial Aid
If a parent gives up their custodial guardianship rights to their college-bound children and assign the role to friends or relatives, then their children can qualify for federal and other financial aid. The parents involved in this scam in Chicago (University of Illinois at Urbana-Champaign) are doctors and lawyers with deep pockets to pay their attorneys to bail them out of this hot mess. They claim that their over $250,000 income isn’t enough to support their $600,000 spending habits. Hmm.
I wonder about wealthy people who CHEAT to get their children scholarship dollars for college. I wonder if they’re so self-absorbed that they don’t realize that they’re stealing money from students who really need the financial aid. Have we become a dog-eat-dog society? Many of these low-income students (the real ones) opt not to attend these pricey colleges if they don’t get scholarships or grants, and they often settle on community colleges or no college at all.