Wealthy Illinois families turning over guardianship of teens to help with financial aid woes

There has been outrage over news that wealthy Illinois families have found a way around the rules for college financial aid.

According to Pro Publica and the Wall Street Journal, parents are turning over guardianship of their teens to a friend or a relative so they can declare themselves financially independent.

That means the student would qualify for more federal, state, and university aid. The parents involved in these cases included lawyers and doctors.