• 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. 

• Remember to complete the 2023-24 FAFSA for the current 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%