Is it smart and/or ethical to liquidate my assets to increase my financial aid eligibility? Many schools look at student assets and expect the student to contribute a greater percentage of their assets to their education than their parents. However, certain toys such as automobiles do not count towards assets when determining financial aid (depending on the school). I do not want to do this because the cash in my bank account is meant to be a safety net but if the school expects me to contribute a 30% chunk of it every year . . . By the way, this isn't money laundering. This is perfectly legal.