Governments at the State level (look for this to become nationalized under the Biden administration) are trying to force high school students and their families to give up to those State governments (and potentially to the Federal government) their families’ financial condition as a condition of graduating from high school.
Notice that. Petty academic considerations no longer would be sufficient criteria for graduating from a supposedly academic facility. Letting Government peer into private wallets and purses are about to become a primary criterion for fitness to graduate.
The rationalization for this invasion is to guide more high school students toward college. (I’ll elide, in this post, the idea that college isn’t for everyone; a significant fraction—possibly a majority—of high school seniors would be much better off in a trade school or community college learning a trade.)
The government preferred financial record to be executed, according to these governments, is the FAFSA form—the Free Application for Federal Student Aid—which gives access to government academic grants. In Florida, high school seniors who eschewed the FAFSA form missed out on $100 million in Federal Pell grants, for instance.
What’s not discussed in these coming mandates is that the form also gives government access to our bank account contents. If the goal is to guide more high school students toward college, an alternative answer is for high schools, their districts, and the State and Federal governments to do a better job of publicizing the plethora of Federal (and State, etc) grants and other funding sources. That publicity does not need letting governments to peer into private accounts to achieve.
That alternative is so plain that questions arise regarding why Governments choose not to consider it.