Just because you have wealthy parents doesn’t mean that you have access to that money. To me it would make more sense to only take into account the amount of money they are putting towards your education.
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My siblings who didn’t get along with my parents weren’t able to apply for financial aid. Unless the parents supply their income and tax information for the FAFSA application, the kids can’t get a Pell grant. It didn’t matter that they were financially independent and filed their own taxes. This law really shafts poor students who have no relationship with their parents. This is in the U.S.
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