Outside scholarships

Under Reed’s outside aid policy, outside scholarships reduce the student’s self-help awards (student employment and student loan) on a dollar-for-dollar basis.

For example, if a student receives an outside scholarship in the amount of $1,000, we will reduce the student’s work award by the same amount. If a student employment award is totally eliminated, any additional outside aid will decrease the need-based (subsidized) student loan. Students are encouraged to apply for outside scholarships, with the understanding that their aid package will be adjusted to remain within their family’s calculated need.

Students may request in writing to reduce their need-based student loan first, to keep their employment at the maximum legal limit, or to replace a need-based loan with a non-need-based (unsubsidized) loan. Only in cases where the outside scholarship(s) exceed the amount of self-help, will a student’s Reed Grant be reduced.

Outside benefits, such as employment-related tuition benefits or need-based federal and state grants, reduce the Reed grant first, then any awarded student employment and need-based loan eligibility.

If you have questions about how your outside scholarships or resources may impact your aid package, please connect with our office.