• Nearly $40 million in Reed-funded grants and scholarships were awarded to Reed students in 2023-2024.
• For students who demonstrated financial need, the average financial aid award was $57,294.
• Fifty-eight percent of students received need-based grants, which do not need to be repaid. Average Reed grant: $47,666.
• To provide maximum need-based aid for all students, Reed does not offer merit-based scholarships.
• The average loan debt for the graduating class of 2023 was $23,058.