All financial aid at Reed is granted on the basis of demonstrated financial need. We offer no academic or athletic scholarships. Need is determined through an assessment of your family's financial resources and ability to contribute toward the total cost of your education. This assessed family contribution is subtracted from the total cost of tuition, fees, room and board, books, incidental expenses, and a travel allowance. The amount remaining is your demonstrated financial need.
Even though Reed is an independent college, funds from the United States government provide a significant portion of a student's financial aid package. These funds are available only to students who are U.S. citizens or have permanent resident status in the U.S. As a result, when Reed offers financial aid to international students, the entire package is composed of Reed funds. Since our funds are limited, we can only offer financial aid to approximately 20 to 25 international students each year. In a typical year, 150 to 200 qualified international freshman and transfer applicants compete for these few awards. For applicants who demonstrate need, Reed will admit only those who also receive financial aid awards. All offers of financial assistance include grants, work opportunities, and loans. Loans must be repaid to the college.
http://web.reed.edu/apply/applying_to_reed/international.html
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