<p>If a rich grandparent owns the house and it’s in the GP’s name, then I don’t see a violation.</p>
<p>But, when people are in effect hiding money or draining their assets (buying a second home) to attempt to qualify for F/A, then it’s rather fradulent.</p>
<p>And, as you said, those who really need F/A don’t have the income to buy a second home, therefore this is probably moot.</p>
<p>The OP hasn’t come back; it’s likely she’s seen that her idea will not work. Her income is likely way too high, and she probably didn’t know that F/A is mostly student loans. She may have thought her kid could somehow get an F/A package with free money, so the money she would have used for his college costs, could now be used for a second home. How nice.</p>