• Normally, the FAFSA is available on October 1^st; however, the 2024-25 FAFSA will not be available until December 2023 (exact date is unknown at this time). When it is released, it will be available at www.studentaid.gov.  We encourage you to reguarly check that website in December. JMU’s FAFSA Priority Filing Date for 2024-25 is March 1, 2024 which means the FAFSA should be processed by the government no later than that date to be considered “on-time” at JMU.  You can view the FAFSA video for more details.

• Remember to complete the 2023-24 FAFSA for this upcoming academic year (Summer 2023, Fall 2023, & Spring 2024)

• Resumption of Student Loan Repayment - Payments and interest accrual on government-owned federal student loans have been paused since the start of the COVID-19 pandemic in March 2020. Based on action taken by Congress, this pause will end in September 2023 and repayment will resume in October 2023. You can view more information about this on Resumption of Loan Repayment website, including steps you should take at this time.

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, 2023)

• 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. 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.

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%