• Taking Summer Classes? Make sure to complete a Summer Aid Application on our Summer Website. Students planning to use a private educaitonal loan will also need to submit a Summer Aid Application.

• The Financial Aid Office is planning to start providing Official Financial Aid information for Fall 2024/Spring 2025 semesters by mid-June. Students will need to monitor their JMU Email accounts for a notificaiton once the information is available in their MyMadison.

• Complete the 2024-2025 FAFSA now through Studentaid.gov . We encourage students to complete their application as soon as possible. The JMU FAFSA Priority Filing Date is March 1, 2024, however, a FAFSA can still be completed after this date as it is not a hard deadline. Please see our Free Application for Federal Student Aid (FAFSA) Changes website for more details and a message from Federal Student Aid.

Interest Rates (Effective July 1, 2023 - June 30, 2024)

• Undergraduate Direct Loans:
  
  • Subsidized 5.50%
  • Unsubsidized 5.50%
• Graduate Unsubsidized Direct Loan: 7.05%
• Graduate PLUS Direct Loan: 8.05%
• Parent PLUS Direct Loan: 8.05%

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%

Click here for 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%