Was it an unsubsidized 5k loan?I don’t think wealthy folks are gaming FAFSA. My kiddos FAFSA came back as eligible for a 5k loan. I was a little surprised by that, but more surprised at the effort to secure scholarships & grants was for the most part unfruitful.When the children of wealthy parents get grants, there’s something seriously wrong with the system.
That is offered to everyone I believe.
In the case of the OP - there was another thread whereby early retirement was being discussed so might be considering retiring early - so could show low income - and then hide assets to try to game the system. Moving between 529 beneficiaries would be like gifting all the money away and then asking for it back in order to hide assets.
Statistics: Posted by SmileyFace — Sun Sep 01, 2024 8:29 am