This FAFSA Lie Cost a Family $13,000 — Are You Next?

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 BC found unreported assets, took back $13,000, and could have rescinded admission entirely.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