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Announcements
  • Last days to accept loans for the spring 2025 semester are coming soon.
    • Student Subsidized & Unsubsidized Loans need to be accepted in MyMadison by May 13th.
    • Parent PLUS & Grad PLUS loan applications need to be submitted in studentaid.gov by May 12th.
No spring loans will be processed after Wednesday May 14th
  • Planning to use Financial Aid for Summer classes? Visit our Summer Financial Aid page for more information on eligiblity and to access the Summer Aid Application.
  • Our office has begun providing Preliminary Financial Aid Offers to admitted students with official 2025-26 FAFSA's on file. This information can be accessed through a student's "Applicant Center" in their MyMadison account. For more information on Preliminary Financial Aid Offers visit the Preliminary Aid Offer webpage.
  • The General Scholarship Application is now open! This is accessed through the Madison Scholarships Hub in MyMadison for potential awards offered for the 2025-26 academic year (next fall 2025).
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Fees and Rates

Interest Rates (Effective July 1, 2024 - June 30, 2025)

  • Undergraduate Direct Loans:
    • Subsidized 6.533%
    • Unsubsidized 6.533%
  • Graduate Unsubsidized Direct Loan: 8.083%
  • Graduate PLUS Direct Loan: 9.083%
  • Parent PLUS Direct Loan: 9.083%

Up Front Origination Fees (Effective October 1, 2020 - September 30, 2024)

  • Undergraduate Direct Loans: 1.057%
  • Graduate Unsubsidized Direct Loan: 1.057%
  • Graduate PLUS Direct Loan: 4.228%
  • PLUS Direct Loan: 4.228%
Read a further explanation of what an origination fee is provided by the Department of Education. Our Consumer Information also details 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%

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