Welcome to Reed’s net price calculator! We are happy to help you explore how to plan and pay for your college education. By using the net price calculator, you can get an idea of your family’s expected family contribution (EFC) and the types and amounts of financial assistance available at Reed. While the net price calculator can only provide you with estimated information, the results will give you a starting place to begin family conversations about the affordability of a Reed education.
Like most colleges, Reed uses a nationally standardized need-analysis formula to arrive at a family’s expected contribution toward a Reed education. While the formula is standardized, eligibility for financial assistance will vary from college to college based on such variables as institutional resources, policies, and programs. The following information may help you understand Reed’s financial aid policies:
- The goal of Reed’s financial aid program is to provide an educational opportunity to qualified students who would otherwise be unable to afford a Reed education. Thus all financial aid is based on need. There is no merit aid. Aside from its egalitarian value, this approach allows all at Reed to reap the benefits of an economically and socially diverse student population.
- Reed meets 100% of demonstrated need for every admitted student who meets all admission and financial aid application deadlines. Demonstrated need is determined by Reed’s financial aid office using nationally standardized formulas, as well as institutional policies, to assess the information families submit on the CSS Profile and FAFSA forms and income tax returns.
Even if you're not going to college in the near future, this net price calculator may still be helpful. Younger students and their parents can use this tool to learn about college costs and receive early financial aid information. You can create "what if" scenarios based on expected family income and anticipated expenses, and start to plan and save well before applying to college.
When you're ready to begin, you can sign in with your College Board user name and password or use the calculator as a guest. The advantage of signing in is that the information you enter will be saved in your account, so you can use it again and again to calculate your net price at other colleges using the College Board's Net Price Calculator.
Some important things to know before you use the calculator …
• The calculator is NOT an application for admission or financial aid.
• The results provided by the calculator are only estimates of your expected family contribution (EFC) and aid eligibility at Reed College, and are not an official offer of financial assistance. An official offer of financial aid will only be made once you have been accepted for admission to Reed and have completed all financial aid application requirements, including the CSS Profile and the FAFSA, by Reed’s stated deadlines.
• The calculator is designed to give you an indication of how much and what types of financial aid you might qualify for if you were a college freshman attending school full-time during the 2014-15 academic year. Policies used to calculate the EFC and award institutional, state, and federal financial aid funds may change annually.
• The calculator is intended for use by U.S. citizens and permanent residents. It is not applicable for Canadian or other international students.
• The results will only be as reliable as the data you provide.
• Generally, students under 25 are considered dependent in determining eligibility for institutional grant funding at Reed, even if you qualify as an independent student for federal financial aid. To receive a more accurate estimate of your eligibility for financial aid at Reed, you should complete the calculator using both your and your parents’ financial information.
• If your parents are divorced, separated, or never married, Reed will require financial information from your non-custodial parent and use that information in the determination of your family’s expected contribution. The calculator should be completed by the custodial and non-custodial parents individually, then the separate EFCs should be added together to determine the total family contribution. The addition of the non-custodial parent contribution will decrease any estimated institutional grant eligibility and increase your net price commensurately.
• The calculator is not intended as a replacement for good, old-fashioned conversation. If you have concerns, questions, need more information, or just want to talk about your circumstances, you can reach us toll free at 800.547.4750, via email at firstname.lastname@example.org, or in person at Eliot 202, 3203 SE Woodstock Blvd., Portland, Oregon 97202.
Completing the calculator should take no more than 20 minutes of your time. You will need to answer some basic questions about your parents' financial situation so it might be helpful to have recent tax forms or pay stubs on hand before you begin.