by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Reed College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Reed offer, and what will you qualify for? Keep scrolling for more information. Read on to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Reed College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Reed College, 61% of first-year full-time students received aid of some kind some 214 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $55,445 |
| Institutional grants & scholarships | 58% | $53,089 |
| Federal Pell grants | 15% | $5,695 |
| State/local grants | 3% | $6,982 |
| Federal student loans | 42% | $4,942 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Reed, around 55% of undergraduate students received gift aid averaging $49,728 (for some 794 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $49,728 |
| Federal Pell grants | 15% | $5,607 |
| Federal student loans | 40% | $5,994 |
For on-campus title-IV students, average grant aid came to $53,363.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,198 |
| $30,001 – $75,000 | $19,309 |
| Over $75,000 | $48,780 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,013 |
| Off-campus title-IV students | $39,951 |
To get a personalized net price estimate, try Reed’s official net price calculator: npc.collegeboard.org/app/reed.
The median federal debt load at Reed comes to $15,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Reed.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,437 |
| 25th percentile | $6,000 |
| 75th percentile | $17,575 |
| 90th percentile (highest-debt students) | $23,473 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,588 |
| Middle income | $18,000 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,775 |
| Continuing-generation students | $15,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Reed.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Reed:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2769 |
| Total Stafford loan amount | $34,427,097 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $423,630 |
| Average GI Bill amount per recipient | $47,070 |
References
More about our data sources and methodologies.