Rich parents are giving up custody of their kids to scam financial aid for the poor

NEWS

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

First, parents turn over guardianship of their teenagers to a friend or relative. Then the student declares financial independence to qualify for tuition aid and scholarships.

by Jodi S. Cohen and Melissa Sanchez July 29, 4:07 p.m. CDT

[Body too long. Long story short, rich parents transfer custody of their kids to a relative, the rich kid files for financial independence, is now "broke" and can get needs-based scholarship.]

Sauce:

https://www.propublica.org/article/university-of-illinois-financial-aid-fafsa-parents-guardianship-children-students