In one instance detailed by the Journal, a student whose parents owned a $1.2 million home only had to declare $4,200 in income from a summer job.
That student was able to obtain about $47,000 in scholarships and federal Pell grants to attend a private university that costs $65,000 per year.

‘Wealthy families are manipulating the financial aid process to be eligible for financial aid they would not be otherwise eligible for. They are taking away opportunities from families that really need it.” Borst also spoke with ProPublica”

 

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