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[quote=Anonymous]If you are going by custodial parent, you are doing it wrong. You might not get verified, but if you are: According to The Higher Education Act of 1965 (sometimes abbreviated HEA), the repercussions of lying on the FAFSA can include hefty fines, loss of financial aid, and even jail time. The Higher Education Act allows for maximum penalties of: Up to 5 years in prison Fines of up to $20,000 Returning any financial aid already disbursed[/quote]
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