James Madison University reported a 3.6% rise in in-state tuition fees for the 2022-23 academic year, according to recent data, according to the latest disclosure from the National Center for Education Statistics.
Virginia residents paid $13,092 to attend the public university this year, an increase of $454 from the $12,638 charged during the 2021-22 academic year.
Non-resident students were charged $30,152 in 2022-23, which is 130.3% higher than the in-state tuition. This represents a 2% increase from the $29,564 fee in the previous year.
Approximately 73% of the undergraduate student body at James Madison University are Virginia residents, while about 26% come from other states and 1% are international students.
Data indicates that 89% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 3,936 students were awarded grants or scholarships amounting to $17.5 million, and 1,660 students borrowed over $16.6 million in student loans.
Across the entire undergraduate population, 17,948 students received grants or scholarships totaling $77.3 million. Additionally, 6,190 students took out federal student loans exceeding $36.4 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 696 | 14% | $4.1 million | $5,850 |
| State / local grant or scholarship | 558 | 11% | $3.3 million | $5,913 |
| Institutional grants or scholarships | 3,867 | 80% | $10.2 million | $2,629 |
| Grant or scholarship aid total | 3,936 | 81% | $17.5 million | $4,456 |
| Federal student loans | 1,556 | 32% | $8.1 million | $5,193 |
| Other student loans | 375 | 8% | $8.5 million | $22,593 |
| Student loan aid | 1,660 | 34% | $16.6 million | $9,972 |
| Total student aid | 4,305 | 89% | $34.1 million | $7,919 |
