Financial Aid Fraud

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

I'm sorry, what? Both parents could be working jobs in the non-profit sector where they make incredible differences in the lives of others, but do not make enough money to pay the entire cost of private school. If the school is willing to provide them with assistance because the school thinks that the child would be a great addition to the school community, well, good for them. The idea that people need to chase high paying jobs is insane. Also, perhaps I am naive, but I do believe that most people who grow up with some assistance will give back when they are able to.

[Anonymous]

Taking a low paying job is not cute when you cannot cover your expenses and ask for philanthropy to do so. Be respectful of the families who donated to make financial aid possible. Try to get yourself on better financial footing so you can give rather than always take from the community. If a job cannot cover your expenses, it is a hobby and not a career.

[Anonymous]

Anonymous wrote:It's fairly difficult to fake low income. Some services get the information directly from the IRS.

Not if you use an LLC for everything. I helped (through an org for FGLI kids) a kid last year whose family did this and reported their income as $80K and qualified as LI for college (3 kids). Fancy address. Most private meets-needs colleges that she was admitted to denied financial aid but one of HYPSM gave $60k/yr. Her dad had a video on insta to show how to use loopholes to own multiple houses (they had 5-6) through LLC and get money from the LLC — I did not watch it but after April 1, they removed it. I guess they did not want to be caught.

[Anonymous]

Anonymous wrote:
I'm sorry, what? Both parents could be working jobs in the non-profit sector where they make incredible differences in the lives of others, but do not make enough money to pay the entire cost of private school. If the school is willing to provide them with assistance because the school thinks that the child would be a great addition to the school community, well, good for them. The idea that people need to chase high paying jobs is insane. Also, perhaps I am naive, but I do believe that most people who grow up with some assistance will give back when they are able to.

This would be fine if you could cover your own expenses. In this case, you are receiving the help rather than giving it out. Let someone else take your low pay nonprofit jobs while you work to support your family.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

They probably bought it with those financial aid dollars. Probably thousands of dollars worth of luxury clothing and vacations while they get suckers like us to fund the whole scheme.

Or, they got a good deal. When my kid was younger, I got a few (buying the next size up) North Face coats for $30, sold them for $50. I didn't see what was so special about them.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

You should be focused on getting therapy since you’ve made this same comment about a thousand times on this site across every financial aid thread. You have a responsibility to get yourself on a better mental footing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

They probably bought it with those financial aid dollars. Probably thousands of dollars worth of luxury clothing and vacations while they get suckers like us to fund the whole scheme.

Or, they got a good deal. When my kid was younger, I got a few (buying the next size up) North Face coats for $30, sold them for $50. I didn't see what was so special about them.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

You should be focused on getting therapy since you’ve made this same comment about a thousand times on this site across every financial aid thread. You have a responsibility to get yourself on a better mental footing.

It is not an original idea. It is the consensus opinion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's fairly difficult to fake low income. Some services get the information directly from the IRS.

Not if you use an LLC for everything. I helped (through an org for FGLI kids) a kid last year whose family did this and reported their income as $80K and qualified as LI for college (3 kids). Fancy address. Most private meets-needs colleges that she was admitted to denied financial aid but one of HYPSM gave $60k/yr. Her dad had a video on insta to show how to use loopholes to own multiple houses (they had 5-6) through LLC and get money from the LLC — I did not watch it but after April 1, they removed it. I guess they did not want to be caught.

LLCs still have to report gross income on their taxes. It’s all on Schedule C. Having one does not hide what you made even if you can rack up expenses to lower your taxable income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

They probably bought it with those financial aid dollars. Probably thousands of dollars worth of luxury clothing and vacations while they get suckers like us to fund the whole scheme.

Or, they got a good deal. When my kid was younger, I got a few (buying the next size up) North Face coats for $30, sold them for $50. I didn't see what was so special about them.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

You should be focused on getting therapy since you’ve made this same comment about a thousand times on this site across every financial aid thread. You have a responsibility to get yourself on a better mental footing.

It is not an original idea. It is the consensus opinion.

Pretty sure it is not the consensus anywhere except for a few posters on this weird site and in your own mind. And it doesn’t change you being unwell for repeating it ad nauseam.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's fairly difficult to fake low income. Some services get the information directly from the IRS.

Not if you use an LLC for everything. I helped (through an org for FGLI kids) a kid last year whose family did this and reported their income as $80K and qualified as LI for college (3 kids). Fancy address. Most private meets-needs colleges that she was admitted to denied financial aid but one of HYPSM gave $60k/yr. Her dad had a video on insta to show how to use loopholes to own multiple houses (they had 5-6) through LLC and get money from the LLC — I did not watch it but after April 1, they removed it. I guess they did not want to be caught.

LLCs still have to report gross income on their taxes. It’s all on Schedule C. Having one does not hide what you made even if you can rack up expenses to lower your taxable income.

That is very naive. This is easily manipulated to be whatever you want. Depreciate assets, claim losses, do not report everything, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

They probably bought it with those financial aid dollars. Probably thousands of dollars worth of luxury clothing and vacations while they get suckers like us to fund the whole scheme.

Or, they got a good deal. When my kid was younger, I got a few (buying the next size up) North Face coats for $30, sold them for $50. I didn't see what was so special about them.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

You should be focused on getting therapy since you’ve made this same comment about a thousand times on this site across every financial aid thread. You have a responsibility to get yourself on a better mental footing.

It is not an original idea. It is the consensus opinion.

Pretty sure it is not the consensus anywhere except for a few posters on this weird site and in your own mind. And it doesn’t change you being unwell for repeating it ad nauseam.

You are unwell for taking advantage of the charity of your school community.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a kid who gets financial aid and has a north face jacket, not even used.

They probably bought it with those financial aid dollars. Probably thousands of dollars worth of luxury clothing and vacations while they get suckers like us to fund the whole scheme.

Or, they got a good deal. When my kid was younger, I got a few (buying the next size up) North Face coats for $30, sold them for $50. I didn't see what was so special about them.

The financial aid parents should be focused on earning a higher salary so they can get off financial aid and free up those funds for other needy families. They should not be focused on bargain shopping for deals on branded clothing, or flipping branded clothing for some pocket change. They are receiving donated funds and have a responsibility to get themselves on better financial footing.

You should be focused on getting therapy since you’ve made this same comment about a thousand times on this site across every financial aid thread. You have a responsibility to get yourself on a better mental footing.

It is not an original idea. It is the consensus opinion.

Pretty sure it is not the consensus anywhere except for a few posters on this weird site and in your own mind. And it doesn’t change you being unwell for repeating it ad nauseam.

It is the consensus.

[Anonymous]

Many schools do not offer financial aid to a family with a stay at home parent (without other preschool/infant children.) Staying home is seen as a choice.

[Anonymous]

Anonymous wrote:Can you report someone for committing financial aid fraud?

You worry about you.

Only look in someone else’s bowl to be sure they have enough.

[Anonymous]

Anonymous wrote:the worst is the Stay At Home Moms x financial aid.

Our society desperately needs more stay at home moms.

[Anonymous]

Anonymous wrote:Many schools do not offer financial aid to a family with a stay at home parent (without other preschool/infant children.) Staying home is seen as a choice.

Every school we have ever applied to assigns an “income” to the stay at home parent to account for what they would be making if they worked, unless there are kids under 5 in the family or some other extenuating circumstance.