• The JMU Summer Aid Application is currently available. Click here for more information regarding Summer Financial Aid and the Summer Aid Application.
  • Remember to complete the 2023-24 FAFSA for this upcoming academic year (Summer 2023, Fall 2023, & Spring 2024)
  • Student Debt Relief - The application for federal student loan debt forgiveness is now available. You can find it at, along with a link to details about the program and frequently asked questions (FAQ). The application is scheduled to be available until December 31, 2023.
    As a reminder, JMU does not play a role in processing your application. According to the Department of Education, “ has the latest information on the application process. If you need help filling out the form online or have questions related to your specific borrower situation, you can reach our contact center agents at 1-833-932-3439.”
  • Student Loan Payment Pause - Just Announced on 11/23/22: The student loan payment pause is extended until the U.S. Department of Education is permitted to implement the debt relief program or the litigation is resolved. Payments will restart 60 days later. If the debt relief program has not been implemented and the litigation has not been resolved by June 30, 2023 — payments will resume 60 days after that. The U.S. Department of Education will notify borrowers before payments restart. 

Fees and Rates

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: 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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