• The 2024-2025 FAFSA is DELAYED until December 2023! The JMU FAFSA Priority Filing Date is March 1, 2024.  Please see our Free Application for Federal Student Aid (FAFSA) Changes website for details. 

• Last Days to accept 2023 Fall ONLY Federal Loans are coming soon. 
  • Subsidized/Unsubsidized Student Loans last day to accept in MyMadison is December 14th.

• • Parent & Grad PLUS Loan applications are due by December 13.

• 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, 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%