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Announcements

  • The 2018-19 Free Application for Federal Student Aid (FAFSA) is currently available. The 2019-20 FAFSA will be available beginning Oct 1, 2018.  JMU’s FAFSA Priority Filing date is March 1st (following the date the FAFSA becomes available), but as long as you meet the general aid eligibility requirements, you may still submit a FAFSA after this date. Please view the FAFSA video to learn more about this process at JMU.

 

  • Fall semester only Direct Loans:

    • PLUS and Grad PLUS Direct Loans: submit application on studentloans.gov by Wednesday December 12th
    • Subsidized and Unsubsidized Direct Loans: accept via MyMadison by Thursday December 13th

 

  • The JMU Scholarship application will be available in January.
 

  • Click here for a tutorial on how to accept or decline your Financial Aid loans in MyMadison.
Information

Interest Rates (Effective July 1, 2018 - June 30, 2019)

  • Undergraduate Direct Loans:
    • Subsidized 5.05%
    • Unsubsidized 5.05%
  • Graduate Unsubsidized Direct Loan: 6.60%
  • Graduate PLUS Direct Loan: 7.60%
  • PLUS Direct Loan: 7.60%

Up Front Origination Fees (Effective July 1, 2018 - June 30, 2019)

  • Undergraduate Direct Loans: 1.062%
  • Graduate Unsubsidized Direct Loan: 1.062%
  • Graduate PLUS Direct Loan: 4.248%
  • PLUS Direct Loan: 4.248%

Please review the Direct Loan/Grad PLUS Direct Loan/Parent PLUS Direct Loan Origination Fees and Interest Rates in our Consumer Information for an explanation of interest rates and origination fees.

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