Dozens of college students from well-to-do families may be getting money reserved for poorer families thanks to a legal loophole: They’re giving up custody of their children.
The Wall Street Journal reported Monday that families near Chicago would give up legal guardianship of their children to relatives or friends. Students would then file for financial independence, which effectively opened the door to financial aid they wouldn’t have been able to access while under the legal care of their parents.
The tactic is legal, but ethically questionable, said Andrew Borst, the director of undergraduate admissions at the University of Illinois Urbana-Champaign. Chief among his concerns: Financial aid money is limited.
“Money we give to one student is money not going to another student,” Borst said.
Read more at USA Today.