Comment by awb
2 days 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.
2 days 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.