Comment by awb
10 months ago
On the flip side, it’s possible to sell a business for 7+ figures and then have little to no income in subsequent years in which case quite wealthy families would qualify for assistance.
10 months ago
On the flip side, it’s possible to sell a business for 7+ figures and then have little to no income in subsequent years in which case quite wealthy families would qualify for assistance.
I find it hard to believe that total liquid assets would not be considered during the financial aid application process.
How would they verify?
I assume these programmes all use something like: Free Application for Federal Student Aid (FAFSA). It is federal fraud to lie about your liquid assets on that form.