Basically, that means that:
- For a college with a list price of $40k or less (e.g. in-state publics), the reach/match/likely/safety assessment is based on admission difficulty (including to your major if your major is a competitive major).
- For a college with a list price higher than $40k, the reach/match/likely/safety assessment is based on the difficulty of getting a large enough merit scholarship. For most large competitive merit scholarships, this usually means reach, since there is much less information on how competitive they are. Large enough merit scholarships that are awarded for stats that you have can be considered safeties.