Why is parent income taken into account for many post-secondary education financial assistance programs?

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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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You can send an amendment with your financial aid application that outlines how the data you’ve sent in does not accurately represent your financial status because you don’t have access to your parents money

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