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 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.
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.
Student Work 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