[nradov]

As a practical matter how would college admissions departments even try to account for "total wealth"? That number doesn't appear on income tax returns. Applicants could write down any number and there wouldn't be any way to verify it short of a court ordered forensic audit.

[SoftTalker]

You disclose it on FAFSA, which most schools require even to be eligible for non-need-based financial assistance (such as academic scholarships)