Student Accounts

Reed Loan for International Students

The Reed Loan Program is offered only to international students as part of their financial aid package. The loan program is a revolving fund, funded by the college.

Our Reed Loan program requires that the student and their guarantor sign an Interim Loan Note each year the student attends Reed College and receives a Reed Loan. The Interim Loan Note states both the amount borrowed for the academic year and the interim interest rate of zero. This note requires the student and guarantor to sign a Payout Loan Note within 90 days of ceasing at least half-time enrollment at Reed College. If borrowers do not sign a pay-out note as agreed, the Interim Loan Note shall become immediately due and shall bear interest at the rate of 12% a year from the due date until paid in full.

The Payout Loan Note states the interest rate will be 9% a year beginning nine months after the student ceases at least half-time enrollment at Reed College; payments begin on the tenth month. The maximum length of time to repay a Reed Loan is 10 years or $40 a month, whichever results in a larger payment. The loan will be placed in deferment, where no interest accrues and no payments are due, if the borrower submits documentation showing they are enrolled at least half time at an accredited institution of higher education as determined by the U.S. Dept of Education.

Both loan notes state that there is no penalty for prepayment and that the borrower is responsible for all collection fees associated with the collection of the debt.

The Reed Loan in repayment

Reed College is the lender for the Reed Loan Program and repayment is made to the college. You will receive bills from University Accounting Service (UAS) our billing servicer. Borrowers may view their loan and make payments online. You may call UAS at 844-870-8701 or Sara Rosenberger at 503-777-7504 for help with your Reed Loan.

Reed Loan in-school deferment request form can be found under Deferment for Federal Perkins Loans here: