James Madison Statue in Fall
Announcements
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  • The process of generating Official Financial Aid Award Notices for the 2021-22 academic year generally begins in mid-June, after Spring 2021 grades are finalized.  Two major reasons for this timing are that these grades are needed to run the annual financial aid Satisfactory Academic Progress (SAP) process, as well as to allow time for academic records to be updated with statuses such as grade level progression, suspension, etc. SAP and a student’s academic standing are two critical components in determining financial aid eligibility.
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  • The process of generating Preliminary Financial Aid Award Notices for the 2021-22 academic year has begun. Visit the Preliminary Award Page here for more information on the Preliminary Financial Aid Award Notice.
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  • Summer 2021 applications are now available. Click here to learn more about the summer aid application.

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  • 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.
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  • 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, 2020, the 2021-22 FAFSA can be completed at fafsa.gov.  JMU’s FAFSA Priority Filing Date for 2021-22 is March 1, 2021, 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.
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Fees and Rates

Interest Rates (Effective July 1, 2020 - June 30, 2021)

  • Undergraduate Direct Loans:
    • Subsidized 2.75%
    • Unsubsidized 2.75%
  • Graduate Unsubsidized Direct Loan: 4.30%
  • Graduate PLUS Direct Loan: 5.30%
  • PLUS Direct Loan: 5.30%

Up Front Origination Fees (Effective October 1, 2020 - September 30, 2021)

  • Undergraduate Direct Loans: 1.057%
  • Graduate Unsubsidized Direct Loan: 1.057%
  • Graduate PLUS Direct Loan: 4.228%
  • PLUS Direct Loan: 4.228%

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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