<p>hopefl, if Reed is your clear first choice above all others, go ahead and apply ED. If you are accepted, Reed will meet your full financial need for all four years. Like other schools, Reed determines your need according to their formula, using FAFSA and PROFILE. If you wish to compare financial awards from other schools, ED is not the way to go. But if you’re sure about Reed, get that application in! :)</p>