Webapr 14, 2023 · intentionally lying on the free application for federal student aid (fafsa), which is one of the forms they probably filed, could bring fines, jail time or both, and the. I have already received my financial aid. Webfirst off, i am fully aware of the penalties of lying on the fafsa form. It’s lying to the federal government & tax fraud. I just turned 19 years old & i really want to go to college. Weblying on fafsa is a federal offense with a 20k fine and up to 5 years in prison. Also you will be ineligible for federal aid in the future. Cancel your fafsa in the future and delete. Webaug 7, 2019 · however, lying on fafsa can come with serious consequences. You could face criminal charges of fraud, and most of the time, you have to payback any financial. Webwhen i filed my fafsa, i didn't even have my w2 information to verify my income, which most likely was below $12,000 (not sure if it matters??). My college sent me a. Webi'm still trying to figure out how one would go about lying by accident. A lie is an intentional deceit, a misrepresentation of fact. It can't be done by accident.