<p>My friend was asking me if the financial aid office can verify how much cash or money you have in your savings or checking account...and I was telling him out of skepticism that they can. He insists that they can't...because it would be unconstitutional and interferring with your privacy. If they couldn't, wouldn't people just lie about their savings/checking account to lower their EFC and get more money? What do you think?</p>
<p>Tell your friend the FA office can ask you to verify your assets. If you refuse, the FA office will refuse to consider your FAFSA. Nothing unconstitutional about that. </p>
<p>FAFSA is an application for federal aid. Applications can be denied for good reasons. A good reason would be that the applicant would not verify his bank accounts when asked to.</p>
<p>That's a good way of looking at it, but a foolish system by the financial aid office. Is that how they really work? It's not too difficult for anyone to withdrawl money shortly before verifying their assets.</p>
<p>Fraud doesn't need a set of rules.........people will always find ways to perpetrate fraud. Do you need to ask if fraud is wrong?</p>
<p>Stoke - That's how they work. There is something wrong with your assumption on why that's foolish, but I don't feel like explaining it.</p>