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The College Admissions EdgeAuthor: Pearl and Andy Lockwood
College admissions tips , strategies and various & sundry, not necessarily politically-correct thoughts on the whole college application and scholarships kit and kaboodle. Brought to you by Pearl and Andy Lockwood, best-selling authors, admissions and scholarships consultants based in Long Island New York, a/k/a one of the spazziest places on earth for college stress, weird ultra-competitive behavior by parents and teens! For more info, visit www.LockwoodCollegePrep.com Language: en Genres: Education, Education for Kids, Kids & Family Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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This FAFSA Lie Cost a Family $13,000 — Are You Next?
Monday, 30 March, 2026
A financial aid advisor told a family to leave their weekend home off the FAFSA. That advice was a federal offense — and the family had already submitted. In this episode, Pearl and Andy share two back-to-back real cases of families who were given bad advice on their FAFSA and CSS Profile submissions: - Case 1: A family's advisor told them to omit a weekend home from both FAFSA and CSS Profile. The family is now waiting on decisions from competitive schools — with a federal violation hanging over their heads. - Case 2: A family went to Boston College to appeal their financial aid offer. BC found unreported assets, took back $13,000, and could have rescinded admission entirely. What you'll learn: - Why "it's not on your tax return" is NOT a valid reason to leave it off the FAFSA - The federal penalties for false FAFSA submission (up to $10K fine + jail time) -How to correct FAFSA and CSS Profile submissions in good faith before schools find the error - The $100K rule: how every $100,000 in non-retirement assets affects your eligibility by $5,640 - Legal strategies that reduce asset exposure vs. illegal omission The correction window is still open — but only if you find it before the school does. 🌐 For more information visit: LockwoodCollegePrep.com
