Refinance Your Parent PLUS Loans — On Your Terms

Whether you’re keeping the loan in your name or transferring it to your child, Juno helps you get the best rate — with exclusive perks and guidance every step of the way.

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What’s refinancing?

Refinancing involves taking out a new student loan with different terms to pay off the existing debt you have. Many families with Parent PLUS loans use this option to lower their interest rate, reduce their monthly cost, or even transfer the loan into their child’s name.

How is it different from federal loan consolidation?

Consolidation simply combines your federal loans into one, using a weighted average of your rates. On the other hand, refinancing can adjust your rates and terms depending on current financial conditions.

Note: Refinancing federal loans would mean giving up certain federal benefits (such as PSLF and Income Driven Repayment), so it’s a stronger option for families who cannot utilize those programs.

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Want to Keep the Loan in Your Name? No Problem.

If you’re the original borrower and prefer to keep the Parent PLUS loan in your name, you can refinance with any lender on Juno’s platform. Here’s what you need to know:

Use your child’s education information — school, degree, and graduation year — during the application process.
If you borrowed for multiple children, you can refinance all loans together. Just enter the most recent child’s graduation details.
Juno’s partner lenders allow refinancing in the child’s final semester or within 6 months of graduation.
Match up to 9 months of your existing grace period.
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Looking to Transfer the Loan to Your Child? Here’s How.

Parent PLUS loans cannot be transferred through the federal government or most private lenders. However, Juno offers a solution.

  • Through Juno’s platform, only SoFi offers the option to transfer Parent PLUS loans into the child’s name.
  • This is done via private refinancing — and the child must have fully graduated from the degree program.
  • Loans can only be transferred to the child they were taken out for — not to a sibling.
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Be sure to use Juno’s link to stay eligible for any cashback bonuses

Frequently Asked Questions

Why Refinance with Juno?

Negotiated Offers
Access to the lowest rates negotiated for our group
Negotiated Offers
Cashback bonuses from select lenders
Integrated Experience
No impact to credit score to check rates
Personalized touch
Free to use — always
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Still Have Questions?

Talk with a student loan expert — we’ve helped over 10,000 borrowers navigate Parent PLUS refinancing.

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