Understanding Your Aid Award

Once the data provided on your financial aid applications and any additional required documentation has been reviewed, a financial aid award will be prepared for you.

You will receive an email from our office when your award is available to view in Banner Self-Service. Before accepting your award, you will be prompted to read, review, and agree to the Terms and Conditions.

Your eligibility for financial aid is based on the data in your financial aid applications as well as your cost of attendance. Your cost of attendance is based in part on full time enrollment status (3 or more units) and the living arrangement information supplied by the Office of Residence Life. If either your enrollment status or living arrangements have changed, your award will be revised.

Your award will consist of one or more of the following types of aid:


Reed Grant—Reed's institutional gift aid—is awarded based on your demonstrated financial need, as determined by the information provided on the FAFSA and CSS Profile. The grant awarded represents the maximum amount that can be offered to you based on the information we had at the time of your award. If you feel you have an extenuating circumstance, review our Requests for Reconsideration page and submit the required information for review.

Federal grants, including the Federal Pell and Supplemental Educational Opportunity Grant (SEOG) are need-based grants provided by the federal government. In the case of FSEOG, federal funds are supplemented by a Reed college match. Both grants are directed to students with high need for financial assistance based on information reported on the FAFSA.


Loans are a type of financial aid that must be repaid. Federal Direct Subsidized Loan are awarded based on your demonstrated need. Other loans (i.e., Federal Direct Unsubsidized Loan and Federal Direct PLUS Loan) may be borrowed regardless of whether or not you demonstrate financial need. A current and valid FAFSA must be filed in order to process any type of federal student loan. More loan information can be found here.

Student Work

Student work, or work study, is an earned form of financial assistance. A work award is NOT a guarantee of employment; it is the student’s responsibility to locate a job and work a sufficient number of hours to earn their allocation