I came across a CBS article on Fafsa and Divorce and it had some interesting information that surprised me a little.
http://www.cbsnews.com/news/how-does-divorce-affect-college-financial-aid/
"To illustrate how this can be a boon for some families, let's assume that the mother is a physician making $200,000 a year and the father is a school teacher making $50,000. If the child lived with the dad most of the year, he would declare his father's lower income, and his mom's large salary wouldn't figure in the aid application."
"Notably, the federal government has no way of knowing where a student is spending most of his or her time. "
This all just seems odd to me as she is basically advocating that a divorced family use a sort of "loop hole" and use the parent making far less even though the other parent will most likely be contributing majority. idk, do people actually do this and to any FA officers out there, do you guys look into divorced families and see who actually lives with who or is this loophole known to you guys as well?
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