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Bullshit. FAFSA covers assets as well as income so wealthy families with zero taxable income aren't getting need-based financial aid. Unless they lie on the app
by nradov 1y ago
Bullshit. FAFSA covers assets as well as income so wealthy families with zero taxable income aren't getting need-based financial aid. Unless they lie on the application, which is criminal fraud.
- s1artibartfast 1y agoSorta. You exclude your primary residence, retirement funds, and any college savings accounts. I def know people with millions in the first two, retired, with their kids getting full rides and food stamps.
- SlightlyLeftPad 1y agoNot bullshit at all, there are loopholes riddled throughout the FAFSA system that allows assets to be tucked away out of scope. It’s not fraud, all completely legal and purpose-built to support the types of families who can afford a financial advisor on retainer.