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The Philip DeFranco Show

7.30 Rich Parents Financial Aid SCAM Exposed, Social Media Ban, & Brazil's Horrifying Problem

The Philip DeFranco Show

philip defranco

News

4.8 β€’ 1000 Ratings

πŸ—“οΈ 30 July 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

Happy Tuesday! Go build a website and get 10% off with Squarespace!: http://Squarespace.com/Phil Watch More PDS!: https://youtu.be/HLNiI-LENNs Watch the latest Bonus News video!: https://youtu.be/e8tpzgaZyzg β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” SUBSCRIBE to DeFrancoDoes: https://www.youtube.com/defrancodoes?sub_confirmation=1 Follow me for the personal stuff: https://www.instagram.com/phillydefranco/ Need more news? Find more stories here: http://roguerocket.com Support this content w/ a Paid subscription @ http://DeFrancoElite.com β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Follow Me On: β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β Β Β Β Β  TWITTER: http://Twitter.com/PhillyD FACEBOOK: http://on.fb.me/mqpRW7 INSTAGRAM: https://instagram.com/phillydefranco/ β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β  Today in Awesome: β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Check out https://phil.chrono.gg/ for 50% OFF β€œTown of Salem” only available until 9 AM! The Mystery of Shen Yun: https://youtu.be/e8tpzgaZyzg Longest Pogo Jump: https://youtu.be/Q57BZg9sixQ Drama Showrunners Roundtable: https://youtu.be/NWW-8Nj_2fo Sadie Sink Gives Break Up Advice: https://youtu.be/cv4R1GxRMPQ Secret Link: https://youtu.be/bVNgxp2vYlA β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β Β Β Β Β  Today’s Stories: β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β Β  Another College Scandal: https://roguerocket.com/?p=13039 Brazil Prison Riots: https://roguerocket.com/?p=13044 SMART Act https://www.foxnews.com/tech/hawley-takes-aim-facebook-youtube https://www.theverge.com/2019/7/30/20746878/josh-hawley-dark-patterns-platform-design-autoplay-youtube-videos-scrolling-snapstreaks-illegal β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β  More News Not Included In Show Today: β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β  The Victims of the Gilroy Garlic Festival Tragedy: https://twitter.com/TheRogueRocket/status/1156293572703879168 Equifax to Pay Up to $700 Million for Data Breach, Here’s How to Claim Your Money: https://twitter.com/TheRogueRocket/status/1155935677533454336 New York Criminilzes Sharing Photos Without Consent: https://twitter.com/TheRogueRocket/status/1155100595231055872?s=20 A$AP Rocky Charged in Sweden: https://twitter.com/TheRogueRocket/status/1154904240042721281 North Carolina Woman Defends Offensive Language: https://twitter.com/TheRogueRocket/status/1154844997709025280 27 Children Removed From Montana Alternative Treatment Center: https://twitter.com/TheRogueRocket/status/1154481654729080835 Judge Rejects Juvenile Sentencing for 4 Michigan Teens in Fatal Rock Throwing Case: https://twitter.com/TheRogueRocket/status/1154119278167130112 N.Y. Is Trying to Stop a Fake Heiress From Profiting Off a Series About Her Crimes: https://twitter.com/TheRogueRocket/status/1153758674877206528?s=20 Pennsylvania School District Threatens Foster Care Placement Over Lunch Debt: https://twitter.com/TheRogueRocket/status/1153394601232748544 β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” Β Β Β  Edited by: James Girardier, Julie Goldberg Produced by: Amanda Morones, Brian Espinoza Β Β Β Β Β Β Β  Art Director: Brian Borst Writing/Research: Philip DeFranco, Lili Stenn, Maddie Crichton β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” #DeFranco #Illinois #Brazil β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”

Transcript

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0:00.0

Sup ya beautiful bastards, hope you've been a fantastic Tuesday. Welcome back to the Philip

0:04.4

DeFranco show and let's just jump into it. And the first thing we're going to talk about

0:07.5

today is another college scandal. So according to ProPublica and the Wall Street Journal,

0:12.0

there are wealthy families in the state of Illinois that are transferring the guardianship of

0:15.2

their child at some point during their junior or senior year of high school to a family friend

0:18.9

or a family member so that when the student applies for financial aid and

0:21.6

scholarships for college, they can identify themselves as financially independent from their families, and thus get more financial aid.

0:27.6

And here's kind of an example that was provided to show how it works.

0:29.6

In one case, a family in the Chicago area transferred the guardianship of their 17-year-old daughter to one of their mother's co-workers. That initial family had a household income higher than $250,000 and lived in a house valued at more than $1 million. But after their daughter's guardianship

0:41.8

was transferred, the only income she had to claim was a little over $4,000 from a summer job. And she

0:46.7

ended up going to a private school with a tuition of $65,000 and got $27,000 in merit scholarships and 20,000 in need-based aid. Now as far as the process of transferring the guardianship, the family told the journal that it was actually pretty easy and mainly just paperwork.

0:59.0

The coworker had to attend one court hearing. The daughter didn't even have to go and neither did her parents.

1:03.0

And at this point you may have the question of, well, is this legal? And well, the answer is actually yes. Now that said, according to reports, several schools in Illinois are starting to take a closer look at the situation.

1:12.0

With Andrew Bourse, the director of undergraduate enrollment at the University of Illinois, saying,

1:15.6

our financial aid resources are limited in the practice of wealthy parents transferring the guardianship of their children to qualify for need-based financial aid,

1:22.3

or so-called opportunity hoarding, takes away resources for middle and low-income students.

1:26.8

This is legal, but we question the ethics. Now as far as how widespread this is, that's not known right now, but the Journal did look at court documents and found 38 cases where juniors or seniors in high school had their guardianship transferred with many of those families living in homes valued over half a million dollars. Also as far as the specifics of the process in Illinois, even if a parent can provide care to a child, a court can still transfer guardianship, so long as the parents relinquished care, the child and the new guardian consent, and a court finds that it is in the child's best interest. And regarding that last note, in most of the 38 cases, the language used to justify why it was in the child's best interest usually resemble, the guardian can provide educational and financial support

2:01.0

and opportunities to the minor that her parents could not otherwise provide. Also regarding the

2:05.1

moral question, right, is this okay? Is it not? ProPublic has spoke to someone who actually became

2:10.2

a child's legal guardian for this reason, and he said that he wrestled with the ethics of the matter

2:13.9

because his wife works at a college, so he saw the situation from both sides. Adding they were afraid that by doing this, they could take aid away from another family,

2:20.3

even though he was told that this would not be the case, saying, quote,

...

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