Financial Aid

Entrance Counseling

Eliot hall picturefall leaves picturestudent studying picture

 

If you are a student borrowing your first Direct Loan at Reed, click here.

You will need the same login information that you used to sign your FAFSA.

 

Sample Standard Repayment Table

Loan Amounts 3.76% 4.66% 5.0% 6.80%
7500 $75 $78 $80 $87
10000 $100 $104 $106 $115
15000 $150 $157 $160 $173
20000 $200 $208 $212 $230
25000 $250 $261 $265 $288
30000 $300 $313 $318 $345
40000 $400 $418 $424 $460

Information is based on a subsidized loan standard 10 year repayment schedule, with a minimum monthly payment of $50.

All Federal Direct Subsidized and Unsubsidized Undergraduate loans have a fixed interest rate based on the first disbursement date:

    3.76% - Loans first disbursed on or after July 1, 2016 and prior to July 1, 2017

    4.29% - Loans first disbursed on or after July 1, 2015 and prior to July 1, 2016
    4.66% - Loans first disbursed on or after July 1, 2014 and prior to July 1, 2015
    3.86% - Loans first disbursed on or after July 1, 2013 and prior to July 1, 2014
   
Direct Unsubsidized Loans for Graduate borrowers first disbursed on or after July 1, 2016 and prior to July 1, 2017 have a fixed interest rate of 5.31%

Direct PLUS Loans for Parents and Graduate borrowers first disbursed on or after July 1, 2016 and prior to July 1, 2017 have a fixed interest rate of 6.31%.