Financial Aid at JMU

17,964 students (88% of total 20,346 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at James Madison University (JMU). The average amount of the aid awarded is $4,311.

For the first-time, full-time beginning students (freshmen), 89% of total 4,859 enrolled students have received any kind of financial aid and its average amount of aid received is $4,456.

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All Undergraduate Financial Aid

At James Madison University, 17,964 undergraduate students (88% of total 20,346 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $4,311.

Financial Aid Statistics (All Undergraduate Students) - JMU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship17,96488% $77,439,320$4,311
Pell Grants3,42517% $14,065,774$4,107
Federal Student Loan6,19030% $36,432,479$5,886

Beginning Undergraduate Students (Freshmen) Financial Aid

4,305 beginning undergraduate students (89% of total 4,859 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at James Madison University. The average amount of aid received is $4,456.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - JMU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid4,30589% --
Grants or Scholarships3,93681%$17,538,607$4,456
Federal Grants69614%$4,071,757$5,850
Pell Grants65814%$3,167,312$4,814
Other Federal Grants3497%$904,445$2,592
State/Local Grants55811%$3,299,402$5,913
Institutional Grants3,86780%$10,167,448$2,629
Student Loan Aid1,66034%$16,553,244$9,972
Federal Student Loans1,55632%$8,080,881$5,193
Other Student Loans3758%$8,472,363$22,593

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2022-2023 at James Madison University.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level1,3881,388$11,654,456$8,397
0-30,000195195$3,828,077$19,631
30,001-48,000144144$2,597,860$18,041
48,001-75,000233233$3,043,702$13,063
75,001-110,000191191$1,345,067$7,042
110,001 or more625625$839,750$1,344

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