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College and University Discussion
Reply to "Falsifying Financial Status"
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[quote=Anonymous]Calm down. OP, there are only a very small number of situations in which it is possible to "hide" your wealth from colleges. If you happen to be in such a situation, please, go for it! Colleges are too expensive and I would never fault anyone for taking advantage of loopholes. It's just like taxes. If you can benefit from a loophole, do so. But the immense majority of families do not find themselves in such situations. So the answer to your question is that yes, people can hide their true wealth, but it's rare. By and large, the "system" works. Now is it a fair or rational system to begin with? I don't think so. I think colleges should offer less perks, focus just on education, be subsidized by the government and cost a lot less money. But the current system works as intended. [/quote]
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