Terms and conditions
Conditions of Financial Aid Award
As a financial aid recipient, you are required to:
- Use all financial aid funds for educational expenses related to attendance at Reed College.
- Maintain full-time student status (minimum three units each semester) for institutional funding.
- Maintain Satisfactory Academic Progress (SAP). SAP for financial aid recipients at Reed College is defined as earning a minimum of three units per semester and maintaining a minimum 2.0 grade point average. These requirements are reviewed at the end of each semester.
- Review the Cost of Attendance used to calculate your financial aid eligibility and notify the Financial Aid Office if your current housing/meal plan or enrollment plans are different. Your aid will be recalculated based on changes to your Cost of Attendance.
- Notify the Financial Aid Office if you receive any additional awards, grants, outside scholarships, or benefits either in writing to the office or via the Resources/Information Tab in Banner Self-Service. Outside awards, such as privately funded scholarships, will reduce the components of a financial aid award in the following order: Federal Work-Study or Academic Year Employment, Federal need-based loans, and if necessary, institutional grant funds. Outside benefits, such as employment related tuition benefits or federal and state grants, reduce institutional grant funding first, then any awarded work and loan eligibility.
- Provide all information requested to document or update information in your application for financial aid.
Continued Eligibility Policy
Reed meets the full demonstrated institutional need (as defined by standard need analysis formulas) of all students who meet satisfactory academic progress requirements and who complete their applications by the stated deadlines. Financial assistance lost because of non-compliance with federal and/or state regulations, or outside scholarship requirements, will not be replaced by the college. Eligibility for institutional financial aid is based on a maximum of eight semesters of attendance.