How JMU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at James Madison University since 2013.

For that period, the average number of students who received grants aid/scholarships is 6,785, which is 34.67 % of all undergraduate students. 7,058 students which is 36.22% of undergraduate students received federal student loans and the average loan amount is $6,286.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	5,827 (32%)	$6,855	2,570 (14%)	$4,062	7,048 (38%)	$6,506
2014-15	6,511 (34%)	$6,709	2,801 (15%)	$4,099	7,479 (39%)	$6,421
2015-16	6,725 (35%)	$6,628	2,784 (14%)	$4,076	7,403 (38%)	$6,332
2016-17	6,682 (34%)	$7,004	2,847 (15%)	$4,164	7,383 (38%)	$6,326
2017-18	7,037 (35%)	$6,998	3,060 (15%)	$4,157	7,502 (38%)	$6,082
2018-19	7,204 (36%)	$7,507	2,980 (15%)	$4,455	7,304 (37%)	$6,210
2019-20	6,891 (35%)	$8,202	2,846 (14%)	$4,570	6,937 (35%)	$6,246
2020-21	7,133 (36%)	$8,387	2,846 (14%)	$4,781	6,433 (33%)	$6,256
2021-22	7,057 (35%)	$9,388	2,863 (14%)	$4,809	6,037 (30%)	$6,191
Average	6,785 (34.67%)	$7,520	2,844 (14.44%)	$4,353	7,058 (36.22%)	$6,286

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 1,343 (29.89 % of students) received grants or scholarships and its average amount is $8,701. It can cover 28.26% of tuition & fees ($30,790) based on out-of-state rate.

In addition, 1,834 (40.89 % of students) students get helped from the students loans (average amount : $8,259).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,100 (26%)	$7,844	1,735 (41%)	$7,405
2014-15	1,263 (29%)	$7,597	1,945 (45%)	$7,103
2015-16	1,266 (29%)	$8,349	1,891 (43%)	$7,532
2016-17	1,257 (28%)	$8,556	1,941 (43%)	$7,970
2017-18	1,384 (30%)	$8,489	1,996 (43%)	$8,401
2018-19	1,438 (32%)	$8,413	1,929 (42%)	$8,860
2019-20	1,395 (31%)	$9,383	1,790 (40%)	$8,938
2020-21	1,408 (31%)	$9,594	1,601 (36%)	$9,063
2021-22	1,577 (33%)	$10,081	1,677 (35%)	$9,063
Average	1,343 (29.89%)	$8,701	1,834 (40.89%)	$8,259

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 637 (14.33 % of students) received Pell (federal) grants and its average amount is $4,325.

In addition, 487 students received State/local government grants/scholarships (10.78 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	553 (13%)	$4,207	138 (3%)	$874	346 (8%)	$5,108	720 (17%)	$6,130
2014-15	650 (15%)	$4,155	84 (2%)	$1,170	468 (11%)	$5,124	780 (18%)	$5,637
2015-16	597 (14%)	$4,098	65 (1%)	$1,988	364 (8%)	$5,481	888 (20%)	$6,755
2016-17	629 (14%)	$4,173	48 (1%)	$1,489	361 (8%)	$5,601	860 (19%)	$7,020
2017-18	690 (15%)	$4,166	194 (4%)	$842	606 (13%)	$5,820	760 (16%)	$6,821
2018-19	668 (15%)	$4,328	120 (3%)	$1,203	531 (12%)	$5,622	881 (19%)	$6,898
2019-20	627 (14%)	$4,485	169 (4%)	$972	623 (14%)	$5,934	817 (18%)	$7,853
2020-21	625 (14%)	$4,630	240 (5%)	$1,964	500 (11%)	$5,371	943 (21%)	$7,908
2021-22	691 (15%)	$4,680	214 (4%)	$1,037	581 (12%)	$4,823	1,272 (27%)	$7,579
Average	637 (14.33%)	$4,325	141 (3.00%)	$1,282	487 (10.78%)	$5,432	880 (19.44%)	$6,956

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,834 (40.89 % of students) get any students loan help and its average loan amount is $1,834.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,735 (41%)	$7,405	1,671 (40%)	$5,514	225 (5%)	$16,150
2014-15	1,945 (45%)	$7,103	1,899 (44%)	$5,389	234 (5%)	$15,310
2015-16	1,891 (43%)	$7,532	1,833 (42%)	$5,253	291 (7%)	$15,854
2016-17	1,941 (43%)	$7,970	1,858 (41%)	$5,305	334 (7%)	$16,805
2017-18	1,996 (43%)	$8,401	1,915 (41%)	$5,231	386 (8%)	$17,490
2018-19	1,929 (42%)	$8,860	1,830 (40%)	$5,233	416 (9%)	$18,062
2019-20	1,790 (40%)	$8,938	1,702 (38%)	$5,265	361 (8%)	$19,496
2020-21	1,601 (36%)	$9,063	1,498 (33%)	$5,199	358 (8%)	$18,776
2021-22	1,677 (35%)	$9,063	1,559 (33%)	$5,232	354 (7%)	$19,890
Average	1,834 (40.89%)	$8,259	1,752 (39.11%)	$5,291	329 (7.11%)	$17,537

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Scholarships, Grants, and Loan Trends at JMU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time