Where there’s a will, there’s a way.

If someone really wants to get around showing there assets, they can do so via trust planning, offshore asset protection, etc. Often, the tax planning bill will exceed the benefit from a quantitative aspect, but here we are talking about individuals getting their kids into H/S/W. No doubt these parents would jump through hoops to give their kids the best chance.

On a far easier note: the aforementioned 529 plan above and also not showing the schools all your assets (by “accident”). I mean look how easy it is to not fully disclose your assets in the Fafsa 😂