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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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Legal yes, but unethical. Still, I understand the motives - the costs of a college have risen astronomically over the last 30 or so years. Of course, actions such as this will continue driving up the costs even further.