Giving up guardianship for aid.......

hebegebe
Wed, 31 Jul 2019 19:17:12 +0000

Only gifts to the student from someone who is not already reporting financial information on the student’s FAFSA.

So it sounds like the grandparents giving a gift to the parents is a legal loophole.

But is it ethical? I say yes in this case. FAFSA (to the best of my limited knowledge) asks what the immediate family can provide, not what the extended family can provide.