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.
Reed uses a 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 at Reed. The formula is based on data from financial aid packages awarded by Reed last year. To get the most accurate estimate possible, you'll need to have a strong grasp of your family's financial situation. Calculator findings are in no way a guarantee that, if accepted, you'll receive a set amount of funding in your first year or in subsequent years. However, the calculator will give you a starting place to begin thinking and talking about the cost of attendance.
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)
Domestic Students: 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 need only complete the FAFSA.
Non–US Citizen Students: 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.
Permanent US Resident Students: 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 often includes the following sources: grants, a loan, and a campus job.
Institutional grants: These do not have to be repaid. They make up the majority of grant assistance at Reed.
Student loans: A student loan may be a recommended Direct Loan, a Federal Perkins Loan, or a combination of both.
Campus jobs: Many 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|