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 2005-2006 academic year (see the next item below), use the 2005-2006 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 from items H1, H2A, and H6 below:

X

2006-07 estimated or

2005-06 final


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

Federal methodology (FM)

Institutional methodology (IM)

X

Both FM and IM

Need-based $ Non-need-based $

Scholarships/Grants

Federal

858,430 0

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

151,154 0

Institutional: endowed scholarships, annual gifts and tuition funded grants, awarded by the college excluding athletic aid and tuition waivers (which are reported below)

15,781,454 0

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

301,045 61,406

Total Scholarships/Grants

17,092,083 61,406

Self-Help

Student loans from all sources (excluding parent loans)

2,625,608 326,205

Federal Work-Study

325,879 -

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

37,450 0

Total Self-Help

2,988,937 326,205

Parent Loans

0 2,118,147

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 2006 Cohort)

377 1,365 42

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

224 785 0

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

168 680 0

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

168 680 0

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

162 625 0

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

153 618 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)

166 665 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)

$31,201 $29,582 $0

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

$29,619 $27,018 $0

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

$2,898 $4,317 $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

$2,419 $3,990 $0

H2A.Number of Enrolled Students Awarded 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 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 were awarded institutional non-need-based scholarship or grant aid (exclude those who were awarded athletic awards and tuition benefits)

0 0 0

o) Average dollar amount of institutional non-need-based scholarship and grant aid awarded to students in line n

$0 $0 $0

p) Number of students in line a who were awarded an institutional non-need-based athletic scholarship or grant

0 0 0

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

$0 $0 $0

H3. Incorporated into H1 above.

H4. Provide the percentage of the 2006 undergraduate class who graduated between July 1, 2005 and June 30, 2006 and borrowed at any time through any loan programs (institutional, state, Federal Perkins, Federal Stafford Subsidized and Unsubsidized, private loans that were certified by your institution, etc.; exclude parent loans). Include both Federal Direct Student Loans and Federal Family Education Loans. 57.5%

H4A. Provide the percentage of the class (defined above) who borrowed at any time through federal loan programs-Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. NOTE: exclude all institutional, state, private alternative loans and parent loans. 56.1%

H5. Report the average per-borrower cumulative undergraduate indebtedness of those in line H4. $18,664

H5A. Report the average per-borrower cumulative undergraduate indebtedness through federal loan programs-Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. These are listed in line H4a. NOTE: exclude all institutional, state, private alternative loans and exclude parent loans. $16,147

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 institutional 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: 55

Average dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $38,292

Total dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens: $2,106,070

H7. Check off all financial aid forms non-resident alien first-year financial aid applicants must submit:

X

Institution's own financial aid form

CSS/Financial Aid PROFILE

X

International Student's Financial Aid Application

X

International Student's Certification of Finances

Other


Process for First-Year/Freshman Students

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

X

FAFSA

X

Institution's own financial aid form

X

CSS/Financial Aid PROFILE

State aid form

X

Noncustodial PROFILE

Business/Farm Supplement

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

No deadline for filing required forms (applications processed on a rolling basis):

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 scholarship or grant 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