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.
In part:
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.