Before starting, let me preface this discussion by saying that I realize this is not the best source of financial advice, and I should not base financial decision on what the information I receive from anonymous sources. I realize this, and I am only looking for a fitting discussion here. Plus, this is best advice I can get, right now, for the price. So please, discuss away. Before matriculation to medical school(hopefully before I complete a fin aid package), I plan to move all my holdings into illiquid assets. This way, I am hoping to decrease my efc as much as possible. Is this a good idea? or am I just asking for trouble here? Case in point. In my portfolio, I currently hold bond, stocks, mutual funds, student loan funds, and mortgage funds (ouch, I know), 401K from work (max contribution) and a Roth IRA on the side (whatever is left). Sometime around Dec - Jan, I am planning on cashing out on those liquid (in bold) assets and putting most in Roth IRA, or invest into other illiquid funds and using the remainder to reduce my liabilities. Is this a good idea? Does these assets even factor into the calculation of efc? Does it makes sense tying up these assets into illiquid funds? Are these transfers usual done, and might cast doubt when schools review my assets? Thank You for your time.