<p>OP: At our college info night last Fall, the head of guidance related that a student at our high school some years back had lied about something similar on the FAFSA (actually, his parents lied since it is more likely that they filled it out) and it was discovered in late May and his acceptance was withdrawn from the college and his parents had to pay a multi-thousand-$$ fine. Apparanetly since the FAFSA folks work for the same boss as the IRS folks and Federal Banking folks, it’s not that hard for them to spot the fact that you withdrew $17000 on December 31st, and then did your FAFSA. Unless you can point to a massive car crash repair bill or get someone to testify that you have a $1000/day coke habit, I think you’re safer doing as advised above.</p>
<p>Just sayin’…</p>