<p>Is that this year alone/information received via personal communication? From [url=<a href=“Apply - Admission - Reed College”>Apply - Admission - Reed College]Reed</a> College | Admission | Reed College Admission Office<a href=“I%20think%20they%20say%20it%20may%20be%20early%20May%20or%20later%20there,%20Oregone;%20the%20whole%20thing%20is%20probably%20a%20good%20resource”>/url</a>, they say “Our financial aid budget situation varies from year to year, and there have been years when financial aid has been available for students on the waiting list.” Your suggestion that it is a “policy” implies not.</p>
<p>Anyway, about that article, I wouldn’t let it discourage you too much. A big reason for the increased acceptance rate is trying to cast a wider net and potentially recruit more international students, who are full pay but also have a lower chance of matriculating to Reed, given that that college isn’t (yet) well known there. 45 isn’t a huge number more if they accepted 100 people who all only have a 50% chance of coming (this is not a really well reasoned mathematical example, I can’t think of another way to put it right now).</p>
<p>Chin up: Reed’s known to take chances and they might take one on you, even though the chances are slimmer now. Good luck!</p>