Announcements
- 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 last day to accept Federal Loans for this current 2023-24 academic year are:
- May 7th: Parent PLUS & Graduate PLUS Loans in Studentaid.gov
- May 8th: Student Subsidized & Unsubsidized Loans in MyMadison
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Our office has begun sending some Preliminary Financial Aid Offers to accepted potential freshman for Fall 2024 with valid FAFSAs. A student will receive an email notification to the student email on their JMU application once available to view in the students Applicant Center in MyMadison. Visit our Preliminary Financial Aid website here for more information regarding the Preliminary Financial Aid Offer.
- 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.
JMU Message
There continues to be problems with students and parents being able to file the 2024-25 FAFSA at www.studentaid.gov. In some cases, these challenges are preventing an application from being submitted at all. If you are experiencing problems in completing the FAFSA, please be persistent. Federal Student Aid (FSA) is continuously working on the application to resolve errors in the on-line form.
JMU’s FAFSA Priority Filing Date is March 1, 2024. This is a priority date, not a deadline.
If you cannot meet the priority date, we encourage you to complete the FAFSA as early as possible, even after March 1st.
JMU will closely monitor our FAFSA volume once we begin receiving completed applications from FSA. At this time, FSA is telling schools they will start sending us FAFSA’s “the first half of March.”
We will offer awards as long as funds remain available to applicants who submit the FAFSA before or after March 1, 2024.
Fees and Rates
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%
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.
