Parents give up legal custody…what? Well, perhaps there is a silver lining in this…no more student loan debt….
Hat tip to ProPublica for great work and continued investigations.
Parents are giving up legal guardianship of their children during their junior or senior year in high school to someone else — a friend, aunt, cousin or grandparent. The guardianship status then allows the students to declare themselves financially independent of their families so they can qualify for federal, state and university aid, a ProPublica Illinois investigation found.