Financing options and payment plans
Below you will find information on financing options. We encourage you to review the options to determine which is best suited to your specific needs.
As you and your family discuss how to pay for college, the amount that will be financed (i.e., paid over an extended period of time) is a very important issue.
Private alternative loans
Federal student loans will be included in your financial aid package. There are also non-need–based student and parent loans available to assist you in meeting some or all of your family’s contribution. Student loans that are not part of the Federal Student Aid program are often referred to as private or alternative loans.
The ultimate decision about whether or not to borrow through these programs or through your own private resources (such as a home equity loan) is yours. We urge you to educate yourself about the various options available to you.
Reed College does not participate in a preferred lender arrangement and does not endorse or promote any private alternative loan program or lender. Students are encouraged to review the federal loan options before considering a private alternative loan since federal loans may have more favorable terms and conditions. Students looking for assistance in selecting a private loan lender are provided a list of historical lenders (those utilized by Reed students during the past three school years).
Monthly payment plan
Reed College understands that sometimes you need help managing your tuition bill. That’s why we offer a monthly payment plan administered by Tuition Management Systems (TMS). Payment plans are convenient, manageable payment solutions that give you the option to make payments in interest-free monthly installments, rather than in one lump sum. There is a $55 per semester enrollment fee to participate. Detailed information on the monthly payment plan and billing is provided by Reed College’s Business Office.