CHICAGO—Amid an intense national furor over the fairness of college admissions, the Education Department is looking into a tactic that has been used in some suburbs here, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid, say people familiar with the matter.
The strategy caught the department’s attention amid a spate of guardianship transfers here. It means that only the children’s earnings were considered in their financial-aid...
That's the reason MANY don't get married! ( They then qualify for free stuff). Not as many single Mom's out there as they'd like you to believe!
Well thats under handed
So this can take the place of the sports admission scam that the rich got caught at a few months ago.
propublica
I was just wondering out loud about this with my wife about our 2-year old last week. Trust me, I guarantee this has been a thing from the moment this idea of in-state versus out-of-state tuition became a thing. Although actually moving has been a thing too.
who cares just make school free already
2/2: For the majority of students who actually do qualify, they are already in a typically terrible situation personally or they would not need the designation. I sincerely hope this is corrected as quickly as possible. college highereducation
1/2: As a former rural school counselor who helped students who qualified navigate the “independent student” designation process, I can absolutely say that to take advantage of this designation in this way is a travesty. (See next )
A related and global issue very well scripted and presented. Gripping and entertaining. Fiction but so true around the world and released before the University entrance scandal.
A related and global issue very well scripted and presented. Gripping and entertaining. Fiction but so true around the world and released before the University entrance scandal.
Stupid move if student loans they are getting. And it is taking nothing from poor kids bc govt will guarantee endless $ in loans. At least these weirdos will more likely pay back the loans...or they are gambling Warren or Bernie become POTUS
Ppl here complaining about “rich people”, but if you had to pay what they have to pay in taxes, you’d also find ways to pay less. Not ideal, but everyone tries to find a way to pay less.
What a great way to teach your children principles of integrity and honesty. Avarice on display at its finest. This is why government programs never work very well in a society where traditional families and family values are under constant attack.
But every class has a chapter on ethics. They will learn it there.
These people have no ethics, decency, just greed. Are these the winners of a culture that’s only focused on personal gains without shame? These folks should be shamed by publishing their names besides their wealth.
“Gaming the system”...and the rich get richer...
Send your kids to community college! Great education for far less money! What's wrong with these parents!!!?
Lol I’m pretty sure their friends and family members aren’t poor enough for their kids to truly get real benefits as even middle class students are often struggling to pay for school but i guess some discount is better than none
It’s like we used to divorce on Dec 31 and get remarried on Jan 1 for tax purposes. Totally legal but unethical and immoral. It’s all about the money
Well that’s annoying & fucking terrible
We all cheat. Some are just more creative than others. There isn't a person reading this who doesn't on some level wish they were capable of doing this.
Care to comment GangsterCapital?
Greed, pure and simple.
Rich people always find a way to beat the system.
This is disgusting
Chances are, the parents of the kids who give up their guardianship also gained their wealth by being financially savvy and smart. Don’t hate the players, hate the game (and the colleges that charge $250k for 4 years of mediocre education).
Fucking rich ppl
Clever!
so vile so utterly abhorrent they want to ALTER their education teaching your kids to steal from the less wealthy is a bonus. one of those kids may work out that their own parents see them as $ charge them actual prison sentence give therapy to the kids and the bullied relatives
I thought this only happens in Africa
I guess they aren't actually wealthy then...
wait until they realize that 'financial aid' is code for 'more student loans than you need'
In my day, parents cashed in their Beanie Baby collections to pay for college. Nowadays, wealthy parents would rather give up their children instead of selling just one single Beanie Baby.
Another example of the divide between the classes. This country is spiraling toward the abyss and no one seems to care.
So their parents are selling them. Charming. Little Janie and Johnny must be so proud of mom and dad. What fine 'family values'.
Many more Koop holes and ways to legally beat the system (including taxes) . How about plug those loop holes
I can't even blame the parents who 'bribed' coaches to get their kids into university these days. The system is broken. It encourages broken behavior.
An angry Donald Trump seethes at how he didn’t think of using this scam to get rid of Eric and Donny Jr.
There will always be a way to scam the system
isnt that great the rich are taking the few dollars for really great poor students that deserve a break? Could we honestly get more selfish to damage the future of an aspiring kid? ROTTENASS robinroberts todayshow BetsyDeVosED usedgov DailyCollegian abc2020
My husband and I were told, when we were struggling, that we should get a divorce because then we would be able to get government benefits. I said my marriage and family are more important, we'll figure it out. I would never sign guardianship of my kids to anyone for anything.
That’s sick
The cost of college has reached an unconscionable level.
Now that’s total bullshit - they should be arrested for fraud!
Loopholes will always be found if there is a buck to be made. Wonder how these parents explain this lesson to their kids.
I always thought it was a badge of honor to provide for children without handouts.
You guys are just now seeing this illegal financial aide scam? It’s been happening since the 80s. It impacted education funding for public schools for almost 30 years. It’s not a loophole, it’s illegal.
Investors do not exist only on Wall Street, the world is an immense place of opportunity where the smartest wins!
What a bunch of cheap bastards. These are the people who show up at a Walmart parking lot driving a six figure Mercedes.
This is sick.
It's bewildering to see 'broke' college students owning a BMW, Jaguar, Mercedes, or Lamborghini. If he/she can a afford such lavish lifestyle, why is he/she even in college and possibly receiving financial aid because of 'good grades'(e.g. tutor) and unwealthy legal guardians?
Smart financial move
Just combating price discrimination.
Time for the wealthy to be held accountable
That really should not fly as it deprives kids of aid that really need it.
America is so over, it was a nice somewhat rocky 243 year run, but now ... with Trump and this stuff, it’s over
nonsense. Stop rousing the rabble with lies about the wealthy. The singular example you give is some middle-class joker, not the 'wealthy'
WTH
This has been going on for 30 years and is no secret
lol good scam
No!!! Are these people ever going to stop? If they claim to be Christians, double barf.
Is anyone surprised? 😼
._waleedshahid I suppose we should forgive their student debt too.
Gottemmmm
Well maybe if the kids went to state schools instead of $65k a year schools these people would have money to put their kids through school.
These people are likely to cheat on their taxes as well.
Your definition of “wealthy” is laughable. Is this an attempt to rouse the rabble against them?
Here is a thought; close the loophole!
How dare they try to save money on our overpriced education
I can’t believe rich people would such a thing.......
Colleges have all caused this game to be played. The wealthy here are smart. Not to mention the amount of money being charged for the crappy education they are receiving. This generation has been processed through college like a chicken coupe.
The rich hoard their money & are not putting it back into the economy. Here is just another example of how they find ways to hold onto it. And since they also find ways to avoid paying taxes, or get nice tax breaks, they are essentially stealing from the poor.
Absolutely shameless.
Good morning America my Fellow Americans & Free loaders, whenever you ready for the big get even. Kindly let me know, Because America, what good for one is good for all. Legally... Enjoy your day..
They gotta start holding these young adults responsible, they are over 18 and should be tried and treated like adults, at 18 I was on my own and every decision I made was my own, they should go to jail for fraud and more 💯
Make the parents pay the money back with interest
Needs to be stopped ASAP.
THAT FIGURES. MAKE THEM SHOW THEIR BIRTH CERTIFICATES
Sounds Republican.
So what you are saying is that government should get out of the college financial aid racket. Ask yourself why K-12 kids can't go to better school because of the zip code they live in.
that’s a shameful
小试，小赔
Sick
What a lovely way to show your kids they're a burden.
Disgusting 😡
这种缺德事我可不干
What a dirtbag thing to do.
Don't stay by plan and see lmao
People who are good at getting rich are great at finding ways not to spend money. Thats a reason why they are rich.
What the wealthy won’t do, they have no pride instead of paying for their responsibility they save their almighty dollar, make the kid’s embarrassed to go through that, they want the Government to to pay with our tax dollars! That’s for the kids that needs it, their WELFARE BUMS
why
Basically they're lying like hell to save money when they can afford it and Gov pays
DaveRamsey
The rich is often cheap
Why not?
Plz, prosecute these people, cheaters
I hate people so much
What is wrong with people?
Assholes.
Wth😐
1/A little long. But I ask that you read. Start with the attached article donlemon I hope you do a story on this kid. * I learned about Isaac bc of a story in my local newspaper. Isaac is an example of the youth that may not be receiving sufficient aid
Truest capitalist in action
A home of 1.5 million... Sell the darn house... Get a home of 1 million instead You can afford your kids education
Wow, an actual problem that both sides should be able to agree on. Good reporting WSJ.
Rich people are never rich enough. This is just ... I have no words. 🤬🤬🤬
Just pay for it! You are wealthy. Jfc.
One of the many tricks
wow these 'wealthy parents' are real smart capitalists. No wonder they are so wealthy, they didn't get where they are by being dumb and lazy like the poors of our society. 😃
Jfc
Smart why do you need to pay 150000 plus
The fuck?
The people that need it most recieve it the least. That's the history of America
Not the way to go
Not surprising, if you are penalize for doing well then why not.
TrueFactsStated Prison.
Just read the article. Did I miss where it said h/t ProPublicaIL ?
🙄🤔
Please don’t be Stevenson please don’t be Stevenson please don’t be Stevenson. Ah crap it’s Stevenson
That sound you’re hearing is a Bubble bursting
Not DeVos’ Education Department?
Damn. Why didn’t I think of that?
👋We’re ProPublica Illinois and we’ve reported on this locally: We’re looking to hear parents, students, school administrators or anyone else who has seen this in action. We'd love to hear from you via this form:
It’s been going on for years, nationwide.
Or parents claiming separation or divorce to lower household income to qualify for aid? Another common practice.
Isn't it the Department of Education?
TrueFactsStated Illinois_Alma
Why is anyone over 18 still considered a dependent? They can vote, join the military, get a small business loan, and basically anything else. Parents shouldn’t be burdened with kids after 18, including their education.
?
Finally
They also buy up affordable real estate in their kids’ college towns to get in-state tuition, middle-class locals be damned
Suck it up and take out loans like the rest of us
This is the funniest headline I’ve ever read in my entire life.
Twisted ridiculous systems (such as American college finance) motivate twisted ridiculous workarounds. It’s the rational move.
I wasn’t kidding when I said it’s easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God. Have you ever seen a camel? Have you ever threaded a needle? See where I’m going with this?
What The actual F.
Old news!!!