Reed College, in Need, Closes a Door to Needy Students - NYTimes.com - 0 views
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Krissy Woods on 11 Jun 09Reed College, a private institution of higher education located in Portland, Oregon has been forced to change how they accept potential students for the 2010-2011 school year. Financial aid is running out, and the college has faced the difficult decision of admitting students who can only afford attending the school without help from additional funds. Faced with a decreasing endowment, the college is looking at other means of cutting costs without drastically changing the schools' academic mission. Admitting students who are financially secure dramatically changes the student body of Reed College. The article further describes the financial hardship this school is facing, such as submitting to hiring and salary freezes among other cost-cutting measures.