Parents Giving Up Custody of Kids to Gain Financial Aid?

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The latest trick in the college admissions scandal? Some parents have been caught giving up custody of their kids to cash in on financial aid. Parents are handing over legal guardianship to trusted friends or relatives in order to qualify for much more money for financial aid. Is this a case of parents doing what’s best for their kids? Or a selfish move that is taking funds away from families that need it the most. NASFAA Policy Analyst Jill Desjean weighs in on this topic.

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