Reed College | Financial Aid

Financial Aid Statistics

More than $30 million in Reed-funded grants was awarded to Reed students in 2020-2021.
For Class of 2024 students who demonstrated need, the average financial aid award was $48,044.
Fifty-five percent of the Class of 2024 received need-based grants, which do not need to be repaid. Average Reed grant: $44,817.
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 2020 was $28,286.

Announcements

Continuing students: Financial aid awards for the 2021-2022 year will be released in batches starting mid-June for students who submitted their aid applications by the April 15 priority deadline. Awards will continue to be released through July. Students will be notified via email when their awards are available in Banner Self Service.

Higher Education Emergency Relief Funds

Reed College has received funding through the Higher Education Emergency Relief Fund (HEERF) authorized by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. This funding will be used, in part, to provide direct emergency payments to students with expenses related to the disruption of campus operations due to the coronavirus pandemic. Detailed information can be found here.