Illinois Colleges Urge Lawmakers to Close Financial-Aid Loophole

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Illinois Colleges Urge Lawmakers to Close Financial-Aid Loophole
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Illinois educators urged state lawmakers to close a college financial-aid loophole by which affluent and middle-class parents have transferred guardianship of their children to tap programs intended for low-income families

CHICAGO—Illinois educators urged state lawmakers on Thursday to close a college financial-aid loophole by which affluent and middle-class parents have transferred guardianship of their children to tap programs intended for low-income families.

University of Illinois officials told a committee of the state’s House of Representatives during a hearing that while they had begun internal investigations into abuses of financial aid, changes to state laws were needed. They also recommended the creation of new regulations for independent...

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