For College Students and Parents of Students Seeking Financial Aid
Juno Team
Jan 31, 2025
Stay Informed, Stay Prepared
What You Need to Know First
Recent headlines about federal funding pauses do not affect Federal Student Loans or Pell Grants, according to the U.S. Department of Education.
- If you are a student relying on Pell Grants, Federal Work Study, or Federal loans for college, your current funding remains secure.
- If you are a parent relying on Parent Plus loans to help pay for your student’s tuition, that funding is also secure.
Why Proactive Planning Matters
Proposed legislation (like the College Cost Reduction Act) could reshape federal student financing as soon as July 1st, 2025.
- Key Risk: Legislation may end the Parent Plus loans (used by 600K+ parents last year)
- Future Uncertainty: It’s also possible future Federal funding pauses could impact aid disbursements
How Juno Protects Your Options
With 7 years’ experience fighting for students, we’re building safety nets – not replacing federal loans. Here’s our approach:
We’ll Always Advocate for Federal Aid First
- If you are a student who needs loans, Federal Direct Loans should be used first
- If you are a parent who needs loans, use the Federal Parent Plus program unless you qualify for lower rates through private options.
Federal loans are the best option for all students and most parents of students. We'll never suggest using a private loan unless it's necessary or significantly cheaper.
Help us Create a Backup Option through a Union for Loans
We use the power of collective bargaining to negotiate lower student loan rates with lenders.
How it Works:
- Until May 1st, students and parents fill out a brief form to join a negotiation group, based on graduation date.
- On May 1st, we invite lenders to compete with each other based on rates
- On June 1st, we make the best offer available to those seeking loans for Fall 2025
Joining is free and does not obligate students to take a loan. We never share your information.
We need your help–the larger the group gets, the more negotiating leverage we have with lenders.
Written By
Juno Team
Juno came into existence to help students save money on student loans and other financial products through group buying power by negotiating with lenders. The Juno Team has worked with 200,000+ students and families to help them save money.