<p>I doubt very much that anything shady is going on. Schools have very strict guidelines for awarding federal aid, and they are subject to both internal audits and federal program audits. The vast majority of schools would not jeopardize their ability to award federal aid nor would they risk huge fines by doing something illegal.</p>
<p>As I have stated, there are various reasons why the asset info may have been requested. For my school, the skip logic presented a problem for our computer software. Prior to the fix, we had to request asset info from anyone who had skipped it even if they could legitimately not provide it … but if they didn’t, our internal system would not recognize any EFC recalculations as official & aid could back off in the future even if it were able to be paid at that particular point in time.</p>
<p>There is more to financial aid than most people understand, and things are requested for a reason.</p>