Student Loans for Reed College Students
About Reed College
Reed College is a co-educational and non sectarian liberal arts college and is located in the southeast area of Portland, Oregon. Reed’s undergraduate program is known nationally for its intellectually challenging curriculum that seeks to strike a balance between innovative learning and in-depth study in various academic disciplines. Reed is not your average college, as it contains an entirely student run nuclear reactor to support its science program and it does not issue traditional grades to students, as it is generally hesitant to participate in the ratings culture. In fact, Reed encourages its students to simply educate themselves rather than become involved in the race for higher grade point averages. These unconventional but hugely effective teaching methodologies have paid off, as Reed College is amongst the top educational institutions in the United States. Apart from academics, the College offers a rich and vibrant social life, as students may participate in diverse activities such as arts, music, theatre, movies and sports.
About Financial Aid
Reed is known as an elite educational institution and its tuition costs are steep. However, the Reed College financial aid program seeks to accommodate qualified students, as 50% of its student body receives monetary assistance.
Your financial need will be calculated via the Free Application for Federal Student Aid (FAFSA), which you can find online at FAFSA.ed.gov. The FAFSA needs to be filled out and submitted (along with the relevant documents) before the evaluation process in order for Reed Financial Aid to kick in.
Reed College Aid Packages
Various loans, grants and scholarships are available via Reed’s Financial Aid program and the average financial aid package for 2011-2012 was may receive the Reed Grant, the Federal Pell Grant and the Federal Supplemental Educational Opportunity Grant. There are federal and private loan options as well, which include Federal Perkins loans, Direct PLUS loans and Ford Direct loans.
Federal work-study programs may also provide you with employment opportunities that can help to finance your studies. In addition to federal work-study programs, the university also has its own work arrangements.
Private Loans and Reed College
If you are wondering about private loan lenders, you can make use of the Comparison Tool displayed on our website. This tool will help you to decide which private loans may suit you best.
What are the application requirements for Reed financial aid?
Students interested in applying for Reed financial aid must adhere to guidelines. It is imperative for students to submit their FAFSA application along with their CSS Profile before the deadline. These forms must be accompanied with IRS Income Tax forms, W-2, and 1099 statements. Before applying for financial aid, it is important for students to estimate the cost of their attendance. The current rates for the cost of attendance can be accessed by visiting the Reed financial aid website.
How much will I receive in grants through Reed College Financial Aid?
How much you will receive from Reed College in grants depend greatly on which grant you apply for, and how far you have excelled in academics. There are basically three types of grants the college offers: Reed Grants, Federal Pell Grants, and Federal Supplemental Educational Opportunity Grants. Reed grants are disbursed to students in amounts ranging from $1000 to $51,000. Federal Pell grants range from $5,550 to $6,000. Federal supplemental educational opportunity grants are typically $750 per semester.
Pay for Reed College*
|Total Avg. Cost||$53,700|
|Room & Board||$10,650|
|Financial Aid Information|
|Students Receiving Fin Aid||52%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$4,255|
|%Receiving Other Loans||5%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics