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.
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College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Their Teens to Get AidThe Education Department is looking into a tactic that has been used in some Chicago suburbs, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid.
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