A collection of wealthy parents have figured out a new loophole to get college financial aid for their kids, and it might very well be legal. Dan digs into the latest college admissions scandal with the Wall Street Journal's Doug Belkin, who broke the story.
Go deeper: University of Missouri probes financial aid awards "scam" claims
University of Missouri officials told KBIA Tuesday they're scrutinizing "several dozen" student accounts after ProPublica Illinois reported that wealthy parents are forgoing legal guardianship to "scam" universities into qualifying their children for need-based financial aid.
Why it matters: Although ProPublica’s investigation focused on students in the Chicago suburbs, there is evidence that this practice is occurring nationally, University of Missouri spokesperson Christian Basi told the Columbia Missourian.
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The College Board called off plans to issue an adversity score to students who take the SAT and instead introduced a new metric after facing disapproval from parents and teachers.
Why it matters: The score, called the “environmental context dashboard" announced in May, used 15 different factors from a student's social and economic background to create a single score for colleges to factor into their admission decisions. Some critics said the scores added to the debate whether race and socioeconomic status should be considered to determine college acceptance.
Photo: Chip Somodevilla/Getty Images
The Trump administration has frozen at least $2 billion in foreign aid and ordered a review of the spending, which has already been approved by Congress, reports the Washington Post.
Why it matters: President Trump is circumventing Congress in a move one Democratic aide told the NYT could "set a precedent for future administrations to ignore spending bills and eliminate spending obligations."