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What is your opinion of this LEGAL scheme to get free college?

Wealthy parents have been voluntarily giving up guardianship of their own children so that their children can qualify for need-based college aid. It's legal.
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ImKelsey · 26-30, F
Do adult kids ever have guardians? Once 18 I think they're considered independents.
4meAndyou · F
@ImKelsey When they are in high school, they are usually under the age of 18 and considered minors by law. That is the time when most kids apply to get into college. If their wealthy parents give up legal guardianship at that time, on paper, the child appears to have no money and qualifies for aid.
ImKelsey · 26-30, F
@4meAndyou So the kid is a derelict living at home still? I'd think this would disqualify them.
4meAndyou · F
@ImKelsey No reporter has stated the children are living at home.