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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price by Lynn O’Shaughnessy

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5. A Peek Inside a Financial Aid Office

I hate to say no, but at some point you sometimes have to say, “It isn’t going to work out.” There are always some extremely disappointed families.

—Leslie Limper, director of financial aid, Reed College

While colleges and universities routinely grapple with their financial aid policies, very few agonize about it publicly. But that’s what administrators at Reed College in Portland, Oregon, did when they discussed the school’s financial aid evolution in a candid article that appeared in its alumni magazine.

Learning how Reed juggles the needs of its students with its own priorities can help families become more knowledgeable about how financial aid is parceled out at colleges and universities. Although ...

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