Financial Aid

Entrance Counseling

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

You will need your FAFSA PIN to complete entrance counseling.  If you do not know your PIN, you can retrieve it from the PIN website.

 

Sample Monthly Repayment Table

Loan Amounts 4.50% 5.60% 6.80% 7.90%
2500 $50 $50 $50 $50
5000 $52 $55 $58 $61
7500 $78 $82 $87 $91
10000 $104 $110 $116 $121
12500 $130 $137 $144 $151
15000 $156 $164 $173 $182
17500 $182 $191 $202 $212
20000 $208 $218 $231 $241
22500 $234 $246 $259 $272
23000 $239 $251 $265 $278
25000     $288 $302
30000     $346 $363
40000   $461 $484
50000     $576 $604
60000     $691 $725
70000     $806 $846
80000     $921 $967
90000     $1,036 $1,088
100000     $1,151 $1,208

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

All Direct Subsidized Loans for undergraduate borrowers have a fixed interest rate based on the first disbursement date:

    3.86% - Loans first disbursed on or after July 1, 2013 and prior to July 1, 2014
    3.4% - Loans first disbursed on or after July 1, 2011 and prior to July 1, 2013
    4.5% - Loans first disbursed on or after July 1, 2010 and prior to July 1, 2011
    5.6% - Loans first disbursed on or after July 1, 2009 and prior to July 1, 2010

Direct Unsubsidized Loans for undergraduate borrowers first disbursed on or after July 1, 2013 and prior to July 1, 2014 have a fixed interest rate of 3.86%

Direct Unsubsidized Loans for graduate borrowers first disbursed on or after July 1, 2013 and prior to July 1, 2014 have a fixed interest rate of 5.41%

All Direct Subsidized Loans for graduate borrowers and Direct Unsubsidized Loans for graduate and undergraduate borrowers first disbursed on or after July 1, 2006 and prior to July 1, 2013 have a fixed interest rate of 6.8%.

All Direct PLUS Loans first disbursed on or after July 1, 2013 and prior to July 1, 2014 have a fixed interest rate of 6.41%.