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#6 Best Public Universities in Virginia

JMU Tuition & Cost

Harrisonburg, Virginia

 3 Reviews

How much does it cost to attend?

In State Virginia Resident Sticker Price
$28,780
In State Costs for James Madison University
Fee Cost
Tuition$7,250
Books and Supplies$1,082
Other Fees$5,080
Room and Board $11,348
Other Expenses Budget$4,020
Out of State Resident Sticker Price
$45,094
Out of State Costs for James Madison University
Fee Cost
Tuition$23,564
Books and Supplies$1,082
Other Fees$5,080
Room and Board $11,348
Other Expenses Budget$4,020

Residents of Virginia pay an annual total price of $28,780 to attend James Madison University on a full time basis. This fee is comprised of $7,250 for tuition, $11,348 room and board, $1,082 for books and supplies and $5,080 for other fees.

Out of state residents are charged a total cost of $45,094 which is 56.7% higher than Virginia residents. The tuition charge is $23,564 while room and board is $11,348, books and supplies are $1,082 and other fees come in at $5,080.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend James Madison University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$18,592
Net Price by Income James Madison University
Family Income Net Price Paid
$0 to $30,000$14,288
$30,001 to $48,000$14,985
$48,001 to $75,000$19,216
$75,001 to $110,000$24,471
$110,000+$27,196

The average reported annual net price for James Madison University for students receiving grants or scholarship aid was $18,592 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

60% of full-time undergrad James Madison University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $9,383 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 38% of students received Federal Student Loans averaging $5,265 and 8% of undergrads took out private student loans averaging $19,496.

Finanical Aid James Madison University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,383 60%
Institutional Grants and Scholarships $7,853 18%
Pell Grants $4,485 14%
Other Federal Grants $972 4%
State and Local Grants $5,934 14%
Federal Student Loans $5,265 38%
Other Student Loans $19,496 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to James Madison University, we've modeled a ten year student loan with an original principal value of $51,500. The loan balance of $51,500 is a four year multiple of the $12,875 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $491 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $51,500
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $491.37
Total Interest Paid $7,464.02
Sum of All Loan Payments $58,964.02

Projected 4 Year Degree Price

4 Year Sticker Price
$115,120
Year Virginia Residents Non Residents
1 $28,780 $45,094
2 $30,315 $47,498
3 $31,931 $50,031
4 $33,633 $52,699

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at James Madison University to be $115,120 - assuming graduation in normal time. The estimation assumes a 5.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at James Madison University
Price Per Credit 3 Credit Class 4 Credit Class
Virginia Residents $241 $723 $964
Out of State Residents $804 $2,412 $3,216

Estimated cost for a class at James Madison University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at James Madison University versus other colleges.

Tuition Payment Plans Available

James Madison University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=232423 IPEDS survey data for James Madison University.