$4,721

Avg. Federal Grant

$5,218

Avg. Federal Loan

$28,200,850

Total Aid Awarded

Reed College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$28.201M

Financial Aid Official Website

https://web.reed.edu/financialaid/index.html

Notably, 60% of the students at Reed College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,527,796. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at https://web.reed.edu/financialaid/index.html. The total percentage of candidates applying to Reed College who receive the Federal Grant is 15%. Meanwhile, 55% of the applicants receive the Student Grant and 55% are awarded the Institution Grant, while 12% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,787, while the same comes to $3,200 for State Grant receivers and $39,726 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,778. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $46,789 in a year. The average aid amount stands at $55,812 for an annual family income between $30,001 and $48,000. This amount comes to $44,460 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $38,598 for those with an annual family income between $75,001 and $110,000, and at $20,191 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 48% of the applicants to Reed College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

2%

Institution Grant Aid

52%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$4,721

State Grant Aid

$2,250

Institution Grant Aid

$36,227

Pell Grant

$4,756

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$54,929

$30,001 - $48,000

$52,847

$48,001 - $75,000

$47,944

$75,001 - $110,000

$39,518

Over $110,000

$23,340

Student Loans for Reed College

Average Loan Amount Average Loan Amount received per year.

$6,910/Year

Students Taking Out Loans

45%

Loan Default Rate

0.4%

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