In past 2 years I have received a grant, this year, I was audited and was asked to submit a tax return. I submitted and they noticed my parents partnership interest income which was not reported in FAFSA.
Now they are asking my parents bank account statements before dead line. My parents would like to know if they submit what can happen and if they do not submit what can happen? What kind of action Financial Aid office can take?
I believe I many not qualify for grant, can they expel me from the school? Can they ask to return the grant I received in past? What else they can do?