Jaw-dropping story in the Wall Street Journal. High-income parents in Chicago are transferring legal guardianship of their children to friends so the kids can claim financial aid.
One of the most galling things about this story: We throw poor parents in jail for using an incorrect address to get their kid in a good public elementary. But upper-income parents naming new guardians for their kids to soak up college aid dollars? Legal.
Wealthy parents are transferring guardianship of their kids so they can get financial aid designed for poor & middle-income kids. “This is legal, but we question the ethics.” No kidding. It's also embarrassing.
literally read these three paragraphs with my jaw hanging open
A Chicago-area family with an income of $250K+ transferred guardianship of their daughter to a business partner so she could claim financial aid. She subsequently received $20K of her $65K annual tuition in need-based aid plus a $27K merit scholarship.
Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid
*Jaw on floor* "wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid"
This is ... my god.
Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid
Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid
Some wealthy parents, often with the guidance of college consultant companies, are transferring guardianship of their college-bound kids to friends or relatives so they can access financial assistance designed for the poor.
One Chicago-area woman transferred guardianship of her then 17-year-old daughter to her business partner last year. Her household income is greater than $250k.
"so-called opportunity hoarding" #privilege #highered #college #education
Well, this is infuriating: Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid via
Wealthy parents are transferring legal guardianship of college-bound children to relatives or friends so the teens can claim financial aid. What they really need: adoption by faculty friends w/free tuition. Profs could charge for this!
College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Their Teens to Get Aid
Great new opportunity for the poor: hiring out as senior year foster parents for Beverly Hills helicopter moms
This is a wild story: Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid via ⁦
as despicable as this is, college is just too expensive
Hard to believe this one. Ethics-wise, it might even be worse than the recent scandal involving the Newport Beach college admissions company.
Is this an expose or service journalism? #NewsYouCanUse
College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Their Teens to Get Aid
Wealthy parents are transferring legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid via