James Madison Statue in Fall
  • In December, the Department of Education extended the Student Loan Payment Pause through May 1st, 2022. This relief temporarily suspended payments and changed the interest rate to 0% for all eligible loans. Please see StudentAid.gov/coronavirus for more information.

  • Timeline for when 2022-23 Financial Aid Award Offers are sent to students:

    • Early Action admits for Fall 2022 – Early February 2022
    • Regular Decision admits for Fall 2022 – End of March 2022
    • Returning (continuing) JMU students – June 2022
  • 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).
  • Beginning October 1, 2021, the 2022-23 FAFSA can be completed at studentaid.gov.  JMU’s FAFSA Priority Filing Date for 2022-23 is March 1, 2022, 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.
  • 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.
Fees and Rates

Interest Rates (Effective July 1, 2021 - June 30, 2022)

  • Undergraduate Direct Loans:
    • Subsidized 3.73%
    • Unsubsidized 3.73%
  • Graduate Unsubsidized Direct Loan: 5.28%
  • Graduate PLUS Direct Loan: 6.28%
  • PLUS Direct Loan: 6.28%

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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