Forms - Financial Aid - Reed College

Financial Aid Statistics

More than $38 million in Reed-funded grants and scholarships were awarded to Reed students in 2021-2022.
For students who demonstrated financial need, the average financial aid award was $49,137.
Fifty-seven percent of students received need-based grants, which do not need to be repaid. Average Reed grant: $45,237.
To provide maximum need-based aid for all students, Reed does not offer merit-based scholarships.
The average loan debt for the graduating class of 2021 was $23,822.

Announcements

Student Loan Debt Relief Plan: On August 24, 2022, Federal Student Aid and the Biden-Harris Administration announced loan cancelation plans of up to $10,000 in federal student loan debt for Americans earning less than $125,000 per year ($250,000 for couples) and up to $20,000 for borrowers who received Pell Grants while they were in college.

If the U.S. Department of Education doesn’t have your income data – or if you don’t know if the U.S. Department of Education has your income data, the Administration will launch a simple application in the coming weeks.

Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at studentaid.gov.

In addition, the student loan payment pause has been extended for one final time through December 31, 2022.

Higher Education Emergency Relief Funds

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Coronavirus Response and Relief Suppplemental Appropriations (CRSSA) Act, and the American Rescue Plan (ARP) Act each provided funding to institutions of higher education through the Higher Education Emergency Relief Fund (HEERF). Learn more here.