Juno guarantees that you won’t find a better private student loan interest rate than the deal we bring you from our lending partner. If by some miracle you do, we’ll beat it. Details here.
Join us for free to access exclusive rate discounts that save you more money than if you went to our lending partner directly. For the median member, we expect the rates will be ~1.6% lower.
Joining Juno is free – you’ll never pay any membership dues or fees for accessing our exclusive deals. How? We make lenders pay a fee instead. (They don't charge you fees either) 2
We started Juno a few years ago when we were shopping around for loans for Harvard Business School. Since then, we’ve been immersed in the student loan industry, regularly speaking with key players nationwide.
This year, we ran an auction, making all lenders offer the best rates to our community. In the process, we pored over dozens of rate tables, and stayed up all night crunching spreadsheets to map out which lenders offered the most people the best rates.
Since our members never pay us, we charge the selected lender a set fee that is agreed before the negotiations begin. That way, we can’t be swayed by a larger financial incentive. The only way to win the auction is to offer our community the best rate.
Juno is the only organization that has successfully negotiated discounts for student loans on behalf of large, diverse groups of students. We’ve helped students and families borrow more than $200M at discounted rates. Over 50,000 members have trusted Juno to negotiate more affordable student loans for them.
in negotiated loans
Our collective voices hold so much strength at the negotiating table. Thanks to this, whenever we talk to lenders, we have a ton of leverage to get our community better deals.
Financial institutions want to lend money. More volume, even if the volume is getting reduced interest rates, is better for them. And better rates is better for you. It’s a rare win win.
Select your loan amount to see estimated savings for the repayment plan and rate type similar to Grad PLUS loans.
The calculation above is for a loan with a 10 year loan term, a fully deferred repayment plan and a fixed interest rate loan applied for without a co-signer for a program with two years left prior to graduation. This calculator is a tool to help you visualize repayment options for student loans based on various loan amount scenarios provided by you. The information on this page is presented for general personal finance education and it is not intended to provide legal, financial, or tax advice. The accuracy of the calculated results is not guaranteed, and the results are intended for illustrative purposes only. This calculator does not indicate whether you would qualify for a loan, and the interest rate you are approved for you may be higher than the options shown in this calculator if you do qualify. Note that the outputs of the calculator may not align with loan agreement terms due to several factors, such as your repayment schedule, the interest rate approved for you, whether you end up choosing a fixed or variable interest rate upon approval, the timing of disbursements, co-signers and time left for graduation. In addition, if you choose a variable interest rate loan, which is not represented in this calculator, your actual savings over time may be less, and may even be negative, if your variable interest rate increases.
For graduate students with 650+ credit scores seeking a private student loan, we know we have the best deal out there. That’s why we have our price match guarantee, along with the cash bonus, for anyone who can find a better private student loan.
We do not expect graduate students to require a co-signer. However, we do expect graduate students with co-signers to be able to get better rates.
A co-signer is a person who is obligated to pay back the loan if you, the student, cannot make your payments. The co-signer can be a spouse, relative, parent or any adult that is a U.S. Citizen or Permanent Resident.
For international students as well as DACA recipients and Conditional Permanent Residents, having a U.S. Citizen/Permanent Resident co-signer may make you eligible for a loan with a U.S. lender. Policies and requirements vary by lender.
The current rates for federal loans are 5.284% (Federal Direct Unsubsidized loan with a ~1% origination fee) and 6.284% (Grad PLUS loans with a ~4.2% origination fee).
In comparison, our lending partners do not charge any origination fees. We are expecting most Juno Members will receive interest rates that are substantially better when compared to the Grad PLUS loans.
You’ll also want to consider whether you’ll need perks offered by federal loans such as repayment protections, income-based repayment plans and forgiveness.