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Annual Costs

Undergraduate Tuition

Tuition for Reed College is $53,900 for the 2017/2018 academic year. This is 94% more expensive than the national average private non-profit four year college tuition of $27,755. Reed College is one of the 100 most expensive colleges in the America, coming in 6th on our Expensive 100 Ranking. The cost is 126% more expensive than the average Oregon tuition of $23,845 for 4 year colleges. Tuition ranks 28th in Oregon amongst 4 year colleges for affordability and is the most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $300 in addition to tuition bringing the total effective in-state tuition to $54,200.

Housing Costs

On campus room and board is provided by the school at a cost of $13,670 per academic year. Students electing to live off campus elsewhere in Portland should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,050.

Other Living Expenses

If living on-campus, students should budget for $900 in additional living expenses. Off-campus students should budget for $900 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Reed was $69,820 for the 2017/2018 academic year. The cost is the same for all students regardless of Oregon residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Reed College and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Reed College
Estimated Budgets
Oregon Resident Total Budget $69,820
   In-State Tuition$53,900
   Other Fees$300
   Room and Board$13,670
   On-Campus Other Budget$900
   Books and Supplies$1,050
Non-Resident Total Budget $69,820
   Out-of-State Tuition$53,900
   Other Fees$300
   Room and Board$13,670
   On-Campus Other Budget$900
   Books and Supplies$1,050

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $69,820 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Reed net price for in-state students is $18,671* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

49% of Reed College students received grant aid in 2014/2015. The average total aid amount was $40,831. 20 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,421. To apply for a Pell Grant to attend Reed College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Reed College
Financial Aid Summary
Average Annual Net Price$18,671*
Percent of Students Receiving Grant Aid49%
Average Total Grant Aid$40,831
Percent of Students Receiving Pell Grants20%
Average Amount of Pell Grant Aid$4,421

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$9,423
$30,001 to $48,000$9,730
$48,001 to $75,000$15,482
$75,001 to $110,000$22,565
$110,000+$42,621

Average Financial Aid Mix - $69,820 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $69,820. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

59%
5%
36%

Grants and Scholarships

 59% - $40,831

Money granted to you by the U.S. Department of Education, Reed College or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 5% - $3,384

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 36% -  $24,705

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Reed is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 94/100 for Reed College. Considering an average net price paid of $19,767, this leads to an overall value ranking of 80/100. This places the school 37th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Reed College.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Reed is $279,280 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $19,767 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $79,068**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $349,100 or $98,835 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Reed College.

Oregon Resident Tuition Per Semester$26,950
Oregon Resident Total Cost Per Semester$34,910

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Reed College are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Reed College
Price per credit hour$2,270
Cost for one class (3 credit hours)$6,810
Cost for one class (4 credit hours)$9,080

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 36% of Reed College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $3,384. The reported average student debt upon graduation is $20,079.

Example Loan Payments and Costs

How much are student loan payments for Reed College? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $79,068, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $98,105.26. This could be your effective total out of pocket cost of an education at Reed College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 49% of students at this school who receive financial aid and you are paying an average annual net price of $19,767. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Reed College student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Reed College Student Loan Payments
Example Payments
Monthly Loan Payment$817.54
Amount Borrowed$79,068.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$19,037.26
Sum of All Payments over 10 years$98,105.26

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Reed? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Reed College, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $98,105.26 would be needed to afford a $817.54 monthly payment in the example $79,068.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Reed College in the future? In the past four years, this school's published in-state tuition and fee total rose from $44,200 to $53,900. This amounts to an average annual price increase of 4.4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $279,280.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Reed College.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$96,019$384,075
Estimated Cost in 10 years for students enrolling in 2028$122,547$490,188
Estimated Cost in 15 years for students enrolling in 2033 $156,404$625,618
Estimated Cost in 18 years for students enrolling in 2036 $181,058$724,231

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Reed College to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Psychology, General Bachelor's Degree 33 73% costlier
English Language and Literature, General Bachelor's Degree 30 74% costlier
Biology/Biological Sciences, General Bachelor's Degree 29 73% costlier
Anthropology Bachelor's Degree 28 55% costlier
History, General Bachelor's Degree 25 71% costlier
Physics, General Bachelor's Degree 18 59% costlier
Linguistics Bachelor's Degree 17 41% costlier
Mathematics, General Bachelor's Degree 16 70% costlier
Economics, General Bachelor's Degree 14 56% costlier
Art/Art Studies, General Bachelor's Degree 13 78% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 12 67% costlier
Religion/Religious Studies Bachelor's Degree 12 47% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 12 32% costlier
Philosophy Bachelor's Degree 11 55% costlier
Political Science and Government, General Bachelor's Degree 11 68% costlier
Sociology Bachelor's Degree 10 70% costlier
Chemistry, General Bachelor's Degree 10 68% costlier
German Language and Literature Bachelor's Degree 8 48% costlier
Chinese Language and Literature Bachelor's Degree 4 30% costlier
Biochemistry Bachelor's Degree 4 50% costlier
Russian Language and Literature Bachelor's Degree 3 33% costlier
Spanish Language and Literature Bachelor's Degree 2 62% costlier
French Language and Literature Bachelor's Degree 2 51% costlier
American/United States Studies/Civilization Bachelor's Degree 1 35% costlier
Music, General Bachelor's Degree 1 69% costlier
International Relations and Affairs Bachelor's Degree 1 49% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 1 64% costlier

Calculators

Use the calculators below to formulate a college savings plan for Reed College or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Reed College in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Reed College student loan.

Prepayment Option

About Reed College

Reed College is a four year private college located in Portland, Oregon.  Full time enrollment is 1,379 and part time is 48.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
Reed College
3203 SE Woodstock Blvd
Portland, Oregon
97202-8199

For Profit / Not For Profit Status

Reed College is a private not for profit institution.

Reed College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=209922 IPEDS survey data.