<p>Well, yes, it’s your decision, not the school’s, but $4000 per year is generally so modest (compared to some other schools) that ED would seem to have been inappropriate (implying that you really want to compare FA packages, trying to get one without loans). When requesting FA ED, the idea is that you are so enamored of a school that you’ll try your best to do whatever it takes to attend your by-far number one first choice. Reed says up front that loans will be part of their offer.</p>