@cshell2 I sent you a PM…but you question would be a great one for a new thread.
@cshell2 – most schools that don’t promise full need leverage their aid based on their perception of merit (not necessarily academic merit – but based on how much they want the student). They can actually be very generous with their top admitted students, because they will combine need & merit into a preferential package – (for example, a full need award without loans) – but for the lower priority admits, the offer can be quite low.
Varies. For example, state universities often give better aid for in-state students and worse/no aid for out-of-state students. Any school (private or public, claims to “meet need” or not) may also have “hidden merit” in its nominally need-based financial aid packages, where those whom the school wants the most (for academic or other reasons) get more favorable aid packages than others (this is sometimes called “preferential packaging”).
@LaraPal The net price calculators have been very accurate. As hard as it is, you need to let go of any dream of attending Reed if the calculator shows that you have to pay 3x what you can afford. Figure out what it was that made you want Reed, and then look for ways to find those features at a school that fits the budget. Was it the major? Location? Specific attributes about the programs there? You might want to see what other schools may offer those things that look at the FAFSA only - that will be a much better option for you as they will look at your custodial parent only and not both parents and any step parents.
I know it seems unfair when you look at College Confidential and see all of these students and parents who can seemingly go anywhere they choose as long as they get in. Trust me when I tell you this is the small minority of people. Also trust me when I tell you that there are thousands and thousands of happy students at state schools, schools far down the competitive lists, and they go on to have fulfilling and satisfied lives. Grow where you are planted, it will be ok.
Lara- Elody has given excellent advice. Figure out what it is about Reed that speaks to you- and folks here can help you capture that at an affordable option.
We had to borrow against assets (home equity) for our D to attend Reed; it can be done in some cases.