Legitimate ways to reduce student's assets?

<p>If the 50K is mostly capital gains, which is likely the case for a stock held 18 years, keep in mind that you will need to pay 15% of the gains in taxes for the year you liquidate the stock. The rate may rise to 20% in 2013. You’ll probably want to pay the taxes out of the account before the asset is evaluated by the granting agencies.</p>