Costs & Financial Aid
Reed meets 100 percent of the demonstrated need of all admitted students, international or domestic, for all four years. Scholarships, grants, employment opportunities, and loans are all part of Reed's financial aid program.
Like most colleges, Reed uses a nationally standardized need-analysis formula to arrive at a family’s expected contribution. Reed has partnered with the College Board to offer a Net Price Calculator—a tool that will allow you to estimate your college expenses and eligibility for financial aid from Reed.
The Net Price Calculator will give you an idea of your expected family contribution (EFC) and of your eligibility for financial aid. While your EFC and aid eligibility at Reed may vary from the results of the calculator due to the use of estimated or incomplete family financial information, the result will give you a starting place to begin thinking and talking about college costs.
Tuition & Fees
|2014–15||Cost of Attendance|
|$47,500||tuition (direct cost)|
|$260||fees (direct cost)|
|$12,200||on-campus room and board (direct cost)|
|$1,050||books and supplies (indirect cost)|
|$900||personal expenses (indirect cost)|
|$200–$2,000||transportation (indirect cost)|
Applying for Aid
- 50%Percentage of Reed students receiving need-based aid
- $44,147Average financial aid package
- $19,151Average TOTAL debt for a Reed graduate (2014)
To apply for institutionally funded financial aid from Reed (grants and the Presidential Scholarship) as a domestic student, your family will need to complete the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service PROFILE (CSS PROFILE). If you are only interested in applying for federally funded grants, loans, and work, you only need to complete the FAFSA.
If you are a non–US citizen and plan to apply for financial aid from the college, you must complete the College Scholarship Service PROFILE (CSS PROFILE). For information about the CSS PROFILE, visit the College Board's website. Students who submit a letter of financial hardship from their school counselor to the financial aid office may also receive a waiver for the cost of the PROFILE.
If you are a permanent resident of the United States, you must submit a photocopy of your Permanent Resident Card (I-551) with your admission application. Permanent residents who wish to apply for financial aid must follow the application process for domestic students, filing the Free Application for Federal Student Aid (FAFSA) and College Scholarship Service PROFILE (CSS PROFILE).
Detailed instructions are available on Reed's financial aid website.
Understanding Your Aid Award
A Reed financial aid award usually includes grants, a loan, and a campus job. Institutional grants, which do not have to be repaid, make up the majority of grant assistance at Reed. Financial aid packages at Reed usually include a student loan. A student loan may be a recommended Direct Loan, a Federal Perkins Loan, or a combination of both. Campus jobs are available both on campus and off campus for Reed students. Both on- and off-campus opportunities include regular student employment and federal work-study (FWS) employment.
Financial Aid Deadlines
|Early Decision I||Early Decision II||Regular Decision||Transfer|
|File the 2015-16 PROFILE and, if applicable, the Noncustodial PROFILE||November 1||December 1||February 1||March 1|
|File the 2015-16 FAFSA||February 1||February 1||February 1||March 1|
|File Student and Parent 2014 Federal Tax Forms, W-2s and Verification Worksheet||April 15||April 15||April 15||April 15|