I would not be surprised if college kids in a sham marriage to gain financial aid could be charged with larceny of the financial aid.
Another, less felonious option, is to simply wait until you're 24 to start going to college full-time. Spend a few years going on some ridiculously interesting adventures, and another few years trying out various jobs, and you go to college as a mature adult with some actual life experience and a better idea of how you want to spend your life? I'm surprised it's not much more common. I guess if the cutoff was 21 and not 24 it would be an obvious choice, 6 years only works if you can actually start working in your industry of choice before getting the degree.
[1] - http://archive.armytimes.com/article/20121024/NEWS/210240319...
[2] - afcca.law.af.mil/content/afcca_opinions/cp/hall-38241_pub.pdf