matttyl
Footballguy
Give up legal custody of your child, opens doors to additional financial aid to them.
Guess I can stop contributing to my kid's college fund....
Guess I can stop contributing to my kid's college fund....
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New college admissions/financial scam (1 Viewer)
- Thread starter matttyl
- Start date
General Malaise
Footballguy
Yeah, I'm just not going to even try anymore.
belljr
Footballguy
We did something similar when I went to college in 1990 - not to that extreme
We didnt have a lot of money to begin with but my father would give me money and I would pay all school related bills with my own checking account.
This enabled me to have a car on campus as a freshman, and a couple other things....
ETA: - I dont think I got aid because of it
We didnt have a lot of money to begin with but my father would give me money and I would pay all school related bills with my own checking account.
This enabled me to have a car on campus as a freshman, and a couple other things....
ETA: - I dont think I got aid because of it
Last edited by a moderator:
Looked into a while back as I have first of 3 starting college this year. Kid needed to go to court to declare themselves independent and have proof of paying for their residence, bills, etc... before judge would grant. I stopped looking into it pretty quick. Probably varies by state but wasn't that easy.
My closest thing to a 'scam' is state (KS) only allows X per student into a 529 plan each year for tax benefit but you can transfer between kids accounts all you want. I needed to put more than max (for tax benefit) in for kid 1 so I just put it in Kid 2 account and do a yearly transfer.
My closest thing to a 'scam' is state (KS) only allows X per student into a 529 plan each year for tax benefit but you can transfer between kids accounts all you want. I needed to put more than max (for tax benefit) in for kid 1 so I just put it in Kid 2 account and do a yearly transfer.
Terminalxylem
Footballguy
I heard about this yesterday on NPR. Gaming the system is terrible.
