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College and University Discussion
Reply to "Falsifying Financial Status"
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[quote=Anonymous]Based on what I know from being a friend with someone who used to work in a college financial aid office, it’s certainly possible to hide assets, but not as easy as some people think. For one, colleges know where you live and what car(s) your family owns, so if what you report doesn’t match your lifestyle, they will start asking questions. Also, it’s hard to hide the assets without shooting yourself in the foot. You can sign off your house to your sister, but at that point it’s not your house for real. Similarly, with all the stories of people quitting their jobs in order to get aid - sure, you are declining $200K+ for 5-6 years in order to get $80K for 4 years - things just don’t add up.[/quote]
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