Financial Aid

Financing Reed

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The Financial Aid Handbook has information for continuing Reed students.

Application requirements

FAFSA
Profile
IRS income tax returns
W-2 and 1099 statements
Verification worksheet
Financial aid timelines
Returning after a leave of absence, medical leave of absence, or being readmitted to the college
Late applications

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Application instructions for continuing students are posted to the Reed College financial aid website in late fall for the following academic year. Entering students must file the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service (CSS) Profile. All communication regarding the status of a student’s application for financial aid will be directed to the student; status updates are not provided to parents.

For your financial aid file to be complete, you must submit the following forms and supporting documents by the deadlines:

  • The Free Application for Federal Student Aid (FAFSA), which determines your eligibility for federal and some state funding; file electronically at www.fafsa.gov or request a paper FAFSA by calling 800/4-FED-AID.
  • The College Scholarship Service (CSS) Profile, which assesses your eligibility for institutional grant funds; file electronically at http://student.collegeboard.org/profile. First-time financial aid applicants whose parents are separated, divorced, or remarried, also must file the Non-Custodial Profile (NCP).
  • Copies of your and your parents’ IRS income tax returns, and W-2 and 1099 statements, to verify the income information you submit on the FAFSA and Profile. Tentative awards will be made to entering freshman and transfer applicants on the basis of the information submitted on the FAFSA and Profile, and the tentative award will be revised once the appropriate IRS income tax returns are submitted. Awards are not made to continuing Reed students until the appropriate IRS income tax returns are submitted.
  • The verification worksheet, which confirms the size of your parents' household and number of family members attending college, as well as the amount of your and your parents' untaxed income. 
Copies of parent and student tax forms, W-2 and 1099 statements, and the verification worksheet must be submitted to the College Board IDOC Service.

Financial Aid deadlines for continuing Reed students

To meet the May 1 application deadline, you must:
  • File the FAFSA with the federal processor by April 1
  • File the Profile with CSS by April 1
  • Submit student and parents' IRS income tax forms, W-2 and 1099 statements, and verification worksheet to the College Board IDOC Service by April 15

Returning after a leave of absence, medical leave of absence, or being readmitted to the college

Reed students who have been granted a leave of absence, medical leave of absence, or who are applying to be readmitted to the college may apply for financial assistance on the same basis as continuing students, with the same forms, supporting documents, and deadlines. The deadlines are the same for students returning for the spring semester of an academic year. Applications for financial aid completed after the May 1 deadline will be considered on a funds-available basis.

In addition to completing your financial aid application by the May 1 deadline, students who have withdrawn from the college must be readmitted by the registrar’s office before an offer of financial assistance will be made. Students on a medical leave of absence must be approved to return to Reed before an offer of financial assistance will be made.

Late applications

Late applications have serious consequences. The financial aid office attempts to notify all continuing students who receive financial aid of the status of their financial aid application before the deadlines; however, it is ultimately the student's responsibility to make sure that his or her financial aid file is completed on time. If you are a continuing student and complete your financial aid file after May 1, but before July 1, the amount of your Reed grant will be reduced. The percentage of reduction will vary depending upon the availability of institutional grant funds remaining, but usually ranges from 10 percent to 20 percent. Continuing students who complete their file after July 1 will receive no institutional funding. All federal funds are awarded on a date-prioritized basis, and no further awards are made once the funds have been expended.

Entering students who complete their financial aid files after the established deadlines will receive no institutional funding and will only be awarded available federal funding.

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