James Madison Statue in Fall
Announcements
  • Student Debt Relief - Federal Student Aid and the Biden-Harris Administration have announced loan forgiveness plans of up to $20,000 for prior Pell Grant recipients and up to $10,000 for all other loan borrowers. To be eligible borrower’s annual income must be below $125,000 (individuals) and $250,000 (married couples/head of households). Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at studentaid.gov. Please visit studentaid.gov/debt-relief-announcement/ for the most up-to-date information. At this time, we do not have any additional information outside of what you can see at studentaid.gov. We are waiting for additional guidance from the Department of Education.
  • Beginning October 1, 2022, the 2023-24 FAFSA can be completed at studentaid.gov.  JMU’s FAFSA Priority Filing Date for 2023-24 is March 1, 2023, 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.
  • The Department of Education extended the Student Loan Payment Pause through December 31st, 2022. This relief temporarily suspended payments and changed the interest rate to 0% for all eligible loans.

  • Please review our posting at the ARP (HEERF III) Emergency Aid site for information about the HEERF III emergency student aid JMU is receiving from the American Rescue Plan Act (ARP).
  • Please review our posting at the JMU Cares Act Emergency Aid site for information about the emergency student and institutional aid JMU is receiving from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
  • Please review our posting at the JMU CRRSSA (HEERF II) Emergency Aid site for information about the HEERF II emergency student aid JMU is receiving from the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA).
  • Madison Scholarships Hub is the application center for all scholarships awarded by the Office of Financial Aid and Scholarships. To log in, go to MyMadison and under the Student tab, or the Applicant tab for incoming students, click on the logo for Madison Scholarships Hub. For information about other scholarship opportunities for incoming and current students, please visit our scholarships website.
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Fees and Rates

Interest Rates (Effective July 1, 2022 - June 30, 2023)

  • Undergraduate Direct Loans:
    • Subsidized 4.99%
    • Unsubsidized 4.99%
  • Graduate Unsubsidized Direct Loan: 6.54%
  • Graduate PLUS Direct Loan: 7.54%
  • PLUS Direct Loan: 7.54%

Up Front Origination Fees (Effective October 1, 2020 - September 30, 2022)

  • 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: 41%*

*Information accessed from the U.S. Department of Education’s College Scorecard on January 26, 2021.

Cohort Default Rate (CDR) (Published 09/28/2020)

JMU CDR: 2.3%
National Average CDR [Public 4 yrs (+)]: 7.1%

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