International aid at Reed

<p>From the website:

[quote]
Students who are not citizens of the United States should be aware that financial assistance is limited. Only exceptional applicants will be considered for aid, and even those students must be prepared to contribute significantly to the cost of their education. There are no full scholarships.

[/quote]
</p>

<p>[url=<a href="http://www.reed.edu/catalog/admission/admission.html%5DSource.%5B/url"&gt;http://www.reed.edu/catalog/admission/admission.html]Source.[/url&lt;/a&gt;]&lt;/p>

<p>Say, one's parents combined income is roughly 35k USD/year, what kind of aid package could one expect to get from Reed, in the event that one is admitted? </p>

<p>Grants and ~5k/year in loans or am I way off here?</p>

<p>Loans for international students usually start at about $2500/year and increase in increments of $1000 every year. So, you borrow $2500 as a freshman, then $3500 as a sophomore, etc. They’re also payable to Reed itself, and not to a for-profit institution, which means that the interest rate and conditions of the loan are not completely outrageous.</p>

<p>Your financial aid package will also include a work component. You will be expected to find a part-time job on campus to supplement your income.</p>

<p>The rest will be in the form of grants.</p>

<p>Thank you!</p>

<p>Reed is also need aware for admission so it’s likely you won’t be admitted unless they plan to fund you.</p>