Announcements
- Our office has begun officially awarding students for the 2026 Academic year (Fall 2025/Spring 2026). Students will receive a notifcation to their JMU dukes email once this information is available in their MyMadison account to view and accept. For more information on the Official Financial Aid Offer view the Official Aid Offer webpage.
- Planning to use Financial Aid for Summer classes? Visit our Summer Financial Aid page for more information on eligiblity and to access the Summer Aid Application.
- The General Scholarship Application is now open! This is accessed through the Madison Scholarships Hub in MyMadison for potential awards offered for the 2025-26 academic year (next fall 2025).
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Fees and Rates
Interest Rates (Effective July 1, 2024 - June 30, 2025)
- Undergraduate Direct Loans:
- Subsidized 6.533%
- Unsubsidized 6.533%
- Graduate Unsubsidized Direct Loan: 8.083%
- Graduate PLUS Direct Loan: 9.083%
- Parent PLUS Direct Loan: 9.083%
Up Front Origination Fees (Effective October 1, 2020 - September 30, 2024)
- Undergraduate Direct Loans: 1.057%
- Graduate Unsubsidized Direct Loan: 1.057%
- Graduate PLUS Direct Loan: 4.228%
- PLUS Direct Loan: 4.228%
Read a further explanation of what an origination fee is provided by the Department of Education. Our Consumer Information also details interest rates and origination fees.
Percentage of JMU Students Who Borrow: 36%*
*Information accessed from the U.S. Department of Education’s College Scorecard on September 5, 2023.
Cohort Default Rate (CDR) (Published February 2023)
JMU CDR: 0.8%
National Average CDR [Public 4 yrs (+)]: 1.8%
Financial Aid & Scholarships
Hours of Operation:
Mon - Fri 8 a.m. - 5 p.m.
Summer Hours of Operation:
Mon - Thur 8 a.m. - 5 p.m.
Fri 8 a.m. - 12 p.m.
Mon - Fri 8 a.m. - 5 p.m.
Summer Hours of Operation:
Mon - Thur 8 a.m. - 5 p.m.
Fri 8 a.m. - 12 p.m.
