Wealthy Parents Transfer Guardianship of Their Teens to Get Aid
Amid an intense national furor over the fairness of college admissions, the Education Department is looking into a tactic that has been used in some suburbs here, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid, say people familiar with the matter.
The strategy caught the departmentâ€™s attention amid a spate of guardianship transfers here. It means that only the childrenâ€™s earnings were considered in their financial-aid applications, not the family income or savings. That has led to awards of scholarships and access to federal financial aid designed for the poor, these people said....
A classic example of why the state should not be giving handouts in any way, shape, or form. Whether rich, poor, or somewhere in-between, there will be those that take advantage of the system at the expense of the honest. Local, accountable, thrifty, God-fearing charities are the best way to help the needy.
Isnâ€™t it wonderful that our Lord can see all of our hearts, intentions and motives! And He also said how hard it was for a rich man to enter into the Kingdom of God; not to love this world; and that the love of money was the root of all evil.
Very sad news indeed, esp. since many of these wealthy parents are liberals who say they support the cause of the poor (if you doubt that, just check the county-by-county listings of the 2016 Presidential election). Just as sad is the plan of many Socialist Democrat Party candidates to erase all student loan debt. Someone has to pay that! It will be then the lot of all US citizens, including the poor, to do so. So the poor will be paying for the rich and middle class students to go to college! Is that fair? Same thing with the state lotteries, which are used for education. As someone has said, the lottery is a tax on those who can't do math. The poor bet on the lottery more than the wealthy, so they are being taxed.