<p>tk21769, I have no problem with whatever Harvard or any other well-endowed school wants to do with its own money. But that isn’t what the OP’s question pertains to. She was asking about how one might cheat on FAFSA in order to get a lower EFC. FAFSA is not about private money, but about money granted and/or loaned by the government.</p>
<p>Harvard and similar schools require the Profile, which when processed schools according to their individual FA policies can determine whether there is need or not – but only by the standards of the school processing it.</p>
<p>I do not think the government should be granting aid sufficient to help the children of upper income families attend expensive private residential colleges.</p>
<p>There are certainly inequalities, but the most pronounced ones affect the poor far more than those earning in the highest percentiles.</p>