Our Mission Statement We will ASSIST with identifying and obtaining resources to finance higher education; DELIVER funds in a timely and equitable manner; and EDUCATE, so that informed financial decisions can be made.
All financial aid disbursements will be stopped between June 6 and July 1 while JMU completes fiscal end-of-year reconciliation. Students will not be able to receive any financial aid refunds during this timeframe.
Spring Financial Aid Newsletter covers many important topics, including the FAFSA priority filing date of March 1, summer financial aid, exit loan counseling requirements for May graduates, loan repayment, satisfactory progress requirements, 2015-16 financial aid awards, scholarships for 2015-16 and much more.
IMPORTANT: The 2015-16 Free Application for Federal Student Aid (FAFSA) is available. Apply now to ensure that the Department of Education processes your FAFSA by March 1st, our priority deadline. If necessary, you may estimate your income and make corrections later.
Effective July 1, 2015 - June 30, 2016 (This rate applies to the 2015-16 loans) Undergraduate Direct Loan Interest Rate Subsidized Direct 4.29% Unsubsidized Direct 4.29% Graduate Unsubsidized Direct Loan 5.84% Graduate PLUS Direct Loan 6.84% PLUS Direct Loan Interest Rate 6.84%
Effective July 1, 2014 - June 30, 2015 (This rate applies to the 2014-15 loans) Undergraduate Direct Loan Interest Rate Subsidized Direct 4.66% Unsubsidized Direct 4.66% Graduate Unsubsidized Direct Loan 6.21% Graduate PLUS Direct Loan 7.21% PLUS Direct Loan Interest Rate 7.21%
All interest rates listed are fixed throughout the life of the loan.
All of the information published on the web site of The Office of Financial Aid & Scholarships is also available in print form. If you would rather have a document in print than view it on the web, please let us know and we will provide a printed copy to you.