Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 29.89% of students received grants or scholarships and 41% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-145,827 (32%)$6,8552,570 (14%)$4,0627,048 (38%)$6,506
2014-156,511 (34%)$6,7092,801 (15%)$4,0997,479 (39%)$6,421
2015-166,725 (35%)$6,6282,784 (14%)$4,0767,403 (38%)$6,332
2016-176,682 (34%)$7,0042,847 (15%)$4,1647,383 (38%)$6,326
2017-187,037 (35%)$6,9983,060 (15%)$4,1577,502 (38%)$6,082
2018-197,204 (36%)$7,5072,980 (15%)$4,4557,304 (37%)$6,210
2019-206,891 (35%)$8,2022,846 (14%)$4,5706,937 (35%)$6,246
2020-217,133 (36%)$8,3872,846 (14%)$4,7816,433 (33%)$6,256
2021-227,057 (35%)$9,3882,863 (14%)$4,8096,037 (30%)$6,191
Average6,785 (34.67%)$7,5202,844 (14.44%)$4,3537,058 (36.22%)$6,286
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,100 (26%)$7,8441,735 (41%)$7,405
2014-151,263 (29%)$7,5971,945 (45%)$7,103
2015-161,266 (29%)$8,3491,891 (43%)$7,532
2016-171,257 (28%)$8,5561,941 (43%)$7,970
2017-181,384 (30%)$8,4891,996 (43%)$8,401
2018-191,438 (32%)$8,4131,929 (42%)$8,860
2019-201,395 (31%)$9,3831,790 (40%)$8,938
2020-211,408 (31%)$9,5941,601 (36%)$9,063
2021-221,577 (33%)$10,0811,677 (35%)$9,063
Average1,343 (29.89%)$8,7011,834 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14553 (13%)$4,207138 (3%)$874346 (8%)$5,108720 (17%)$6,130
2014-15650 (15%)$4,15584 (2%)$1,170468 (11%)$5,124780 (18%)$5,637
2015-16597 (14%)$4,09865 (1%)$1,988364 (8%)$5,481888 (20%)$6,755
2016-17629 (14%)$4,17348 (1%)$1,489361 (8%)$5,601860 (19%)$7,020
2017-18690 (15%)$4,166194 (4%)$842606 (13%)$5,820760 (16%)$6,821
2018-19668 (15%)$4,328120 (3%)$1,203531 (12%)$5,622881 (19%)$6,898
2019-20627 (14%)$4,485169 (4%)$972623 (14%)$5,934817 (18%)$7,853
2020-21625 (14%)$4,630240 (5%)$1,964500 (11%)$5,371943 (21%)$7,908
2021-22691 (15%)$4,680214 (4%)$1,037581 (12%)$4,8231,272 (27%)$7,579
Average637 (14.33%)$4,325141 (3.00%)$1,282487 (10.78%)$5,432880 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,735 (41%)$7,4051,671 (40%)$5,514225 (5%)$16,150
2014-151,945 (45%)$7,1031,899 (44%)$5,389234 (5%)$15,310
2015-161,891 (43%)$7,5321,833 (42%)$5,253291 (7%)$15,854
2016-171,941 (43%)$7,9701,858 (41%)$5,305334 (7%)$16,805
2017-181,996 (43%)$8,4011,915 (41%)$5,231386 (8%)$17,490
2018-191,929 (42%)$8,8601,830 (40%)$5,233416 (9%)$18,062
2019-201,790 (40%)$8,9381,702 (38%)$5,265361 (8%)$19,496
2020-211,601 (36%)$9,0631,498 (33%)$5,199358 (8%)$18,776
2021-221,677 (35%)$9,0631,559 (33%)$5,232354 (7%)$19,890
Average1,834 (40.89%)$8,2591,752 (39.11%)$5,291329 (7.11%)$17,537

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