Announcements
Important FAFSA Update for 2026–27:
The U.S. Department of Education will update the 2026–27 FAFSA system beginning April 26 to implement changes from the One Big Beautiful Bill Act. During this time, colleges will be temporarily unable to receive new or updated FAFSAs, which may delay summer financial aid processing and the release of preliminary aid offers if a FAFSA is not processed before April 26. For billing questions, contact the University Business Office, and students may use JMU’s Net Price Calculator to estimate costs.
The U.S. Department of Education will update the 2026–27 FAFSA system beginning April 26 to implement changes from the One Big Beautiful Bill Act. During this time, colleges will be temporarily unable to receive new or updated FAFSAs, which may delay summer financial aid processing and the release of preliminary aid offers if a FAFSA is not processed before April 26. For billing questions, contact the University Business Office, and students may use JMU’s Net Price Calculator to estimate costs.
- If you're planning to take classes in Summer, once a student signs up for classes, they will need to complete a Summer Aid Application found on our Summer Aid page. Take note of the changes regarding the One Big Beautiful Bill.
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Fees and Rates
Interest Rates (Effective July 1, 2025 - June 30, 2026)
- Undergraduate Direct Loans:
- Subsidized 6.39%
- Unsubsidized 6.39%
- Graduate Unsubsidized Direct Loan: 7.94%
- Graduate PLUS Direct Loan: 8.94%
- Parent PLUS Direct Loan: 8.94%
Up Front Origination Fees (Effective October 1, 2020 - September 30, 2026)
- 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%
Financial Aid & Scholarships
Hours of Operation:
Mon - Fri 8 a.m. - 5 p.m.
Summer Hours of Operation:
Mon - Thur 8 a.m. - 5 p.m.
Fri 8 a.m. - 12 p.m.
Mon - Fri 8 a.m. - 5 p.m.
Summer Hours of Operation:
Mon - Thur 8 a.m. - 5 p.m.
Fri 8 a.m. - 12 p.m.
