Parents Are Giving Up Custody of Their Kids to Get Need-Based College Financial Aid

The most jawdropping investigative story of the week came from ProPublica. Jodi S. Cohen and Melissa Sanchez revealed that dozens of Chicago area parents have exploited a loophole by turning over guardianship of their teenagers to friends or relatives. Then the student declares financial independence and qualifies for more financial aid. See their follow up stories as well:


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