by our College Data Analytics TeamMany students attending Reed College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Reed and your eligibility? Find the answers you seek below.
$41,611.00 is the typical Reed College’s first year financial aid package. A significant 60% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Reed College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
56% of incoming freshmen (219 total) were awarded scholarships at Reed College, averaging $40,861.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 9% of freshman students (36 total) obtained federal grant aid, averaging $5,630.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.06% | $56,799.00 |
| Income 30k-48k | 2.79% | $61,552.00 |
| Income 48k-75k | 6.85% | $55,093.00 |
| Income 75k-110k | 5.08% | $50,316.00 |
| Income 110k + | 24.62% | $32,399.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
220 Reed undergrads obtain grant aid (this is about 60% of the entire undergraduate student population). The average amount these students receive is $41,611.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.