Yes, and that is mentioned in the article: > Keep in mind that if you are planning on applying for financial aid for college, you will have no choice but to di

Yes, and that is mentioned in the article: > Keep in mind that if you are planning on applying for financial aid for college, you will have no choice but to disclose your financial information when your child is a senior in high school. That’s because anyone who wants financial aid must fill out a form called the Fafsa. It asks for information about income and assets. Parents sign it, and so must the students; everyone attests to the accuracy of the information.