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A comment on College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Teens. Parent comment

Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by Rapzid on Monday July 29, 2019 @10:55PM (#20561739)
Yup, knew parents of good friends and my own that would help a little in a dire pinch but the expectation was to get scholarships and/or work through college for it. Makes sense particularly if you consider a family with 3 or more kids. I make good money but I ain't got half a million dollars to throw at Universities..
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Re:College Financial-Aid Loophole: Wealthy Parents Transfer ... by souprock on Tuesday July 30, 2019 @12:14AM (#20562092)
I've a dozen kids, so yeah...

As far as I can tell, the FAFSA is a bait-and-switch. You're enticed with grants and scholarships, but all you get is inadequate loans. I have never met anybody who got the grants and scholarships.

Perhaps it works if you are an independent student. For that you must do one of the following: wait until you are 24, get married, serve in the military, have a kid, go into foster care, or have your parents both die.

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