Business Office
Costs & Payment
Tuition & fees
Billing schedules & information
Payment options
TMS-monthly payment option
Release of financial information
Refund policy
Student health insurance
Student tuition insurance
Student accounts
Campus based loans
Billing schedules & information
The first billing for Fall semester is mailed the first week of July; for Spring semester, it is sent the first week of December.
Tuition, fees, room and board, minus approved financial aid awards and established Monthly Payment Option credits, are due by August 15, 2008 for Fall, and January 9, 2009 for Spring.
A late fee of $50 will be charged on all accounts not paid by the registration day for each semester: August 29, 2008 for Fall, and January 23, 2009 for Spring. Payments postmarked by these dates do not meet the payment deadlines; they must be received in the Business Office by these dates. You should allow at least 7-10 days mailing time.
No registration will be accepted after the Friday of the first week of classes each semester: September 5, 2008 for Fall; January 30, 2009 for Spring.
The Billing Information & Release Form authorizes release of financial information regarding a student's tuition account to people the student specifies. Complete this form online in IRIS, or print out and turn in the PDF file to the Business Office.
Payment options
Payment on student accounts may be made by check, money order, cash (if paying in person), or wire transfer. Please be sure to reference the student's Reed ID # on your payment. On the student billing statement, the ID# can be found on the left side of the page, directly above the name and address area.
- Payment may be made in person at the Cashier's window in the Business Office, located in Eliot Hall. The Cashier's window is open Monday through Friday, from 10 a.m. to 4 p.m..
- The College will accept checks drawn on all U.S. banks in payment of outstanding bills and will cash personal checks up to $25 for students. Checks on foreign banks must be denominated in U.S. dollars and must have account encoding numbers on the bottom of the check. If checks do not meet these requirements, a delay during registration may result. Checks returned for non-sufficient funds will incur a $15 returned check fee.
- If you wish to pay the student's bill by bank wire transfer directly to the College, please use the following information and remember to include the student's name and Reed ID number:
Wells Fargo Bank
ABA #121000248
Account # 4159583541 - The College does not currently accept direct credit card payments for student tuition accounts. You can use a credit card to pay tuition through Tuition Management Systems' Pay in Full program using the Pay Your Account Online button on the Business Office home page. There is a variable convenience fee for this service. Please see the Tuition Charge Convenience Fee Grid.
TMS-monthly payment option
Reed College offers a Monthly Payment Option for students/parents who wish to pay their costs in monthly payments. This plan is administered by Tuition Management Systems. The only cost to you is an $80 non-refundable application fee for annual plans, or $55 for semester plans; there are no interest charges. Typically, payments begin in July and end in April for annual plans, and the amount you owe for the year is spread equally over this 10-month period. Fall semester only plans begin in July and end in November. Spring semester only plans begin in December and end in April. Semester only plans are spread over a 5-month period. Special needs may also be accommodated.
A TMS Monthly Payment Planner is mailed to all continuing students in May, or you may contact the Business Office to have one sent to you. You may call Tuition Management Systems at 1-800-722-4867 or enroll on their website, www.afford.com/reed.
Release of financial information
A Billing Information & Release Form must be completed earch year. Students must complete this written authorization in order for the Business Office staff to release any detailed information about a student's financial account with the college to parents, other family members, trustees or banks. We will not be able to release specific information over the phone or in writing to anyone who is not authorized in writing by the student. Complete this form online in IRIS under Students.
Refund policy
If your student account has a credit balance, you may be entitled to a refund. Refunds are only issued on actual credits, not expected credits. If the credit balance results from Federal Title IV assistance, a refund check will automatically be issued to the student, unless we receive written authorization from the student to issue the refund to another party. The only exception is a Federal PLUS Loan, in which case the refund will go to the parent obtaining the loan, unless we receive written authorization from the parent to issue the check to the student. All authorizations must be received in the Business Office by the first day of classes.
Refunds to students are usually held at the Cashier's window for pickup. A picture ID (Reed ID card or driver's license) is required for the student to pick up the check. Refund checks will not be delivered to the student's on-campus mailbox. If the refund is payable to the parent, it will be mailed to the address on file.
Student health insurance
All students must be covered by health insurance and will be charged for one of the college’s plans. Our current health insurance provider is Aetna Student Health, brokered through USI NW. The policies are comprehensive major medical plans. If you have questions regarding the coverage, please call USI at 800/251-4246. You may also find participating providers and pharmacies at the Aetna Student Health website.
Students who are non-resident aliens will be covered by the international student insurance plan. View a schedule of benefits (PDF file). All other students will be covered by the domestic student insurance plan. View a schedule of benefits (PDF file).
MALS students also have the opportunity to enroll in an insurance plan. View a schedule of benefits (PDF file) for further information.
You will need to enroll for the Aetna Student Health insurance (either domestic or international) online through IRIS under Student Forms. If you have your own coverage and do not want to join the Reed plan, you must waive the insurance online through IRIS under Student Forms. Enrollment and waivers must be completed every year of attendance. Once this waiver has been completed, we will cancel the charge for the college’s plan. All waivers must be completed prior to the first day of classes.
You can now enroll or waive student health insurance through IRIS or directly through the Aetna website.
Student tuition insurance
Reed College students are eligible to participate in the Tuition Refund Plan offered by A.W.G. Dewar, Inc. This insurance enhances the College's refund policy for students who take a medical leave of absence. A brochure is mailed to all matriculating and continuing students in June, or you may contact the Business Office (after July 1) to have one sent to you. You may obtain more information and enroll online at Dewar. If you have specific questions regarding the coverage, please call Dewar at 617/774-1555.
Student accounts
The Business Office staff can answer any questions you may have about your student account. You may contact one of Reed's Student Account Specialists at 503/777-7505 or by stopping in Eliot 308. Sara Rosenberger works Mondays and Tuesdays; Janet McConnell works Wednesdays and Thursdays, and can be emailed at student-accounts@reed.edu.
Campus based loans
Campus based loans are owned and administered by Reed College. They include Perkins loans, Reed loans, and computer loans. You should note that campus based loans are serviced by ACS Educational Services, an outside billing company, so you will receive bills from ACS, not Reed. If you have questions or need more information about campus based loans come by Eliot 308, or contact Janet McConnell or Sara Rosenberger at perkins.reed.loans@reed.edu or 503/777-7505.
Perkins Loan Counseling
Loan forms
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