Facts about Reed

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H. FINANCIAL AID

Aid Awarded to Enrolled Undergraduates

H1. Enter total dollar amounts awarded to full-time and less-than-full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, "total degree-seeking" undergraduates) in the following categories. (Note: If the data being reported are final figures for the 2004-2005 academic year (see the next item below), use the 2004-2005 academic year's CDS Question B1 cohort.) Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but that was used to meet need should be reported in the need-based aid columns. (For a suggested order of precedence in assigning categories of aid to cover need, see the entry for "non-need-based scholarship or grant aid" on the last page of the definitions section.)

Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below:

2005-2006

Need-based $ Non-need-based $

Scholarships/Grants

Federal

917,325 0

State (i.e., all states, not only the state in which your institution is located)

121,164 0

Institutional (endowment, alumni, or other institutional awards) and external funds awarded by the college excluding athletic aid and tuition waivers (which are reported below)

13,821,179 0

Scholarships/grants from external sources (e.g., Kiwanis, National Merit) not awarded by the college

294,650 51,085

Total Scholarships/Grants

15,154,318 51,085

Self-Help

Student loans from all sources (excluding parent loans)

2,749,294 337,673

Federal Work-Study

285,850 -

State and other work-study/employment (Note: Exclude Federal Work-Study captured above.)

25,900 0

Total Self-Help

3,061,044 337,673

Parent Loans

0 2,200,284

Tuition Waivers
Reporting is optional. Report tuition waivers in this row if you choose to report them. Do not report tuition waivers elsewhere.

0 0

Athletic Awards

0 0

H2. Number of Enrolled Students Awarded Aid: List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and were awarded financial aid from any source. Aid that is non-need-based but that was used to meet need should be counted as need-based aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

First-time Full-time Freshman Full-time Undergrad (Incl. Fresh) Less Than Full-time Undergrad

a) Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 2004 Cohort)

354 1,272

37

b) Number of students in line a who applied for need-based financial aid

224 773 0

c) Number of students in line b who were determined to have financial need

177 696 0

d) Number of students in line c who were awarded any financial aid

165 661 0

e) Number of students in line d who were awarded any need-based scholarship or grant aid

153 620 0

f) Number of students in line d who were awarded any need-based self-help aid

147 612 0

g) Number of students in line d who were awarded any non-need-based scholarship or grant aid

0 0 0

h) Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, and private alternative loans)

158 648 0

i) On average, the percentage of need that was met of students who were awarded any need-based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans)

100% 100% 0%

j) The average financial aid package of those in line d. Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans)

$28,205 $27,257 $0

k) Average need-based scholarship or grant award of those in line e

$27,387 $24,493 $0

l) Average need-based self-help award (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f

$3,154 $4,626 $0

m) Average need-based loan (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f who were awarded a need-based loan

$2,684 $4,280 $0

H2A.Number of Enrolled Students Receiving Non-need-based Scholarships and Grants: List the number of degree-seeking full-time and less-than-full-time undergraduates who had no financial need and who were awarded institutional-not external-non-need-based scholarship or grant aid. Numbers should reflect the cohort awarded the dollars reported in H1. Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

First-time Full-time Freshman Full-time Undergrad (Incl. Fresh) Less Than Full-time Undergrad

n) Number of students in line a who had no financial need and who received non-need-based gift aid (exclude those receiving athletic awards and tuition benefits)

0 0 0

o) Average dollar amount of non-need-based gift aid awarded to students in line n

$0 $0 $0

p) Number of students in line a who received a non-need-based athletic grant or scholarship

0 0 0

q) Average dollar amount of non-need-based athletic grants and scholarships awarded to students in line p

$0 $0 $0

H3: Which needs-analysis methodology does your institution use in awarding institutional aid?

Federal methodology (FM)

Institutional methodology (IM)

X

Both FM and IM

H4. Provide the percentage of the 2005 undergraduate class who graduated between July 1, 2004 and June 30, 2005 and borrowed at any time through any loan programs (federal, state, subsidized, unsubsidized, private, etc.;exclude parent loans). Include only students who borrowed while enrolled at your institution. 60.9%

H5. Report the average per-borrower cumulative undergraduate indebtedness of those in line H4. Do not include money borrowed at other institutions: $17,175

Aid to Undergraduate Degree-seeking Nonresident Aliens (Note: Report numbers and dollar amounts for the same academic year checked in item H1.)

H6. Indicate your institution's policy regarding scholarship or grant aid for undergraduate degree-seeking nonresident aliens:

X

Institutional need-based scholarship or grant aid is available

Institutional non-need-based scholarship or grant aid is available

Institutional scholarship and grant aid is not available

If institutional financial aid is available for undergraduate degree-seeking nonresident aliens, provide the number of undergraduate degree-seeking nonresident aliens who were awarded need-based or non-need-based aid: 40

Average dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $39,463

Total dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $1,578,527

Process for First-Year/Freshman Students

H7. Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:

X

FAFSA

X

Institution's own financial aid form

X

CSS/Financial Aid PROFILE

State aid form

X

Noncustodial (Divorced/Separated) Parent's Statement

Business/Farm Supplement

Other

H8. Check off all financial aid forms nonresident alien first-year financial aid applicants must submit:

X

Institution's own financial aid form

CSS/Financial Aid PROFILE

X

Foreign Student's Financial Aid Application

X

Foreign Student's Certification of Finances

Other

H9. Indicate filing dates for first-year (freshman) students:

Priority date for filing required financial aid forms:January 15

Deadline for filing required financial aid forms: January 15

H10. Indicate notification dates for first-year (freshman) students:

a) Students notified on or about (date): April 1

b) Students notified on a rolling basis: No If yes, starting date:

H11. Indicate reply dates:

Students must reply by (date): May 1 or within 2 weeks of notification.

Types of Aid Available

H12. Loans

FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)

Direct Subsidized Stafford Loans

Direct Unsubsidized Stafford Loans

Direct PLUS Loans

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL)

X

FFEL Subsidized Stafford Loans

X

FFEL Unsubsidized Stafford Loans

X

FFEL PLUS Loans

X

Federal Perkins Loans

Federal Nursing Loans

State Loans

College/university loans from institutional funds

Other (specify):

H13. Scholarships and Grants

Need-Based:

X

Federal Pell

X

SEOG

X

State scholarships/grants

X

Private scholarships

X

College/university gift aid from institutional funds

United Negro College Fund

Federal Nursing Scholarship

Other (specify):

H14. Check off criteria used in awarding institutional aid. Check all that apply.

Non-need Need-based

Academics

X

Alumni affiliations

Art

Athletics

Job skills

Leadership

Minority status

Music/drama

Religious affiliation

ROTC

State/district residency