http://www.nytimes.com/learning/students/pop/articles/10reed.html
Reed College in Oregon, just minutes from downtown Portland, is known for its academic rigor and free-spirited student body. But financial problems caused the university president to reassess admissions decisions this spring, asking the committee to reject 100 qualified applicants who needed financial aid and replace them with students who could pay their own way. The typical cost for studying a year at the private college is $50,000, the New York Times reports.
