Juno’s Rate Match Guarantee

If you find a lower rate than the rate quoted to you through Juno's deal with Earnest, for similar loan terms:

  • Earnest will match the lower rate you found elsewhere
  • Juno will pay you 1% of the loan amount as cash back

Juno is your advocate and we work hard to ensure that the process is simple, easy and fast for you.

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How does the guarantee work?

If you believe you’ve found a lower rate anywhere else on the private student loan market, just tell us about it using this form.

We’ll make sure you are comparing apples to apples and if you are, you'll be approved for the rate match program.

Once approved, Earnest will update your rates to the lower rate you found elsewhere and Juno will pay you 1% of the loan amount as the loan is disbursed.

Have you, by some miracle, found a better deal? We’re shocked but here’s our form to submit a claim. It’s really this easy.

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Who is eligible for the guarantee?

The guarantee works for anyone who meets the following criteria:

  • Has received a cheaper, comparable rate quote from a different private student loan provider
  • That quote is within 15 days of a quote from Juno's covered lending partner
  • Borrows using Juno’s lending partner

Even if you don't meet this criteria, reach out to us at hello@joinjuno.com. We will do our best to get you approved for the rate match program.

We’ve spelled out all the fine print below with the help of our lawyers, but we hope that the above is a great summary of it! Details below.

Juno 2022 Rate Match Guarantee Program (the “Program”)

The Program is subject to the following terms and conditions:

1. Program Sponser

LeverEdge Association, a Delaware corporation doing business as Juno (“Juno”)

2. The Program:

Subject to the terms and condition herein, if an Eligible Participant (as defined below) receives a loan from a Juno Preferred Lender (as defined below) during the Program Period and the interest rate for such Juno Preferred Lender Loan as shown on the Approved Disclosure for Juno Preferred Lender Loan is greater than the loan interest rate shown on the Approval Disclosure offered by a different lender during the Program Period (“Other Loan”), then Juno, following receipt of a Claim and verification that the interest rate of the Other Loan is lower than that interest rate of the June Preferred Lender Loan, will request Juno Preferred Lender to update the interest rate to match the interest rate offered by the Other Loan. In addition, Juno will pay the Eligible Participant 1% of the disbursed loan amount.

3. Definitions:

“Approval Disclosure” means the loan payment disclosure form that private student loan lenders are required to provide to a loan applicant pursuant to Regulation Z issued by the Bureau of Consumer Financial Protection,

“Domestic” means those Juno members who are either (A) U.S. Citizens or (B) U.S. Permanent Residents and enrolled in a graduate or undergraduate college or university program in the United States of America.

“Final Disclosure” means the loan payment disclosure form that private student loan lenders are required to provide to a student loan borrower pursuant to Regulation Z issued by the Bureau of Consumer Financial Protection

“Juno Preferred Lender Loan” means a student loan lender that Juno has identified as a preferred lender during the Program Period.

4. Program Period:

Unless earlier terminated by Juno, the Program will run from June 15, 2022 through May 31, 2023 (“Program Period”) and will apply only to Juno Preferred Lender Loans for Eligible Participants have received a disbursement during the Program Period.

5. Eligible Participants:

Program participants must either be a Domestic graduate in-school members and Domestic undergraduate in-school members of Juno who have received a disbursement under a student loan with a Juno Preferred Lender.

6. Claim Procedure:

Eligible Participants are required to submit a claim (“Claim”) by using the online Claim Form found on joinjuno.com. The claim must be submitted within 15 days of the Eligible Participant receives the Final Disclosure from Juno Preferred Lender and at least 7 business days prior to a scheduled disbursement of the loan.

7. Eligible Claims:

Claims submitted by Eligible Participants for the Program (“Claimants”) must meet the following criteria or otherwise must be approved by Juno in writing (including by e-mail) on a case-by-case basis.

  1. The following terms of the Juno Preferred Lender Loan and the Other Loan must be the same to be eligible for the Program: (i) repayment term (e.g. 5, 7, 10 or 15), (ii) repayment plan (e.g. immediate, interest only, partial interest repayment and full deferment); (iii) interest rate type (e.g. fixed or variable), (iv) the co-signer name; and (v) loan principal amount.
  2. Claimant has submitted the Approval Disclosure received from the lender for the Other Loan and the Approval Disclosure was generated within 15 days of receiving a quote from Juno's Preferred Lender.
  3. Rate Match is dependent on submitting a new application and being approved by a Juno Preferred Lender.
  4. The Other Loan with a term of 8 years from another lender may be comparable to a 7 year quote offered by a Juno Preferred Lender.
  5. If there is no date printed on the disclosure, an email that highlights the date of application and/or other reasonable evidence of the date of the disclosure is within the defined time period will be acceptable.
  6. Other Loans and loans received from Juno Preferred Lender Loan may have the following differences and still be considered on the “same” terms for purpose of Program./or other reasonable evidence of the date of the disclosure is within the defined time period will be acceptable.
    1. There may be up to a six (6) month difference in grace period between Other Loans and loans from the Juno Preferred Lender.
    2. There may be up a six (6) month difference in the overall loan term between Other Loans and loans from Company.
    3. The Other Loan with a term of 8 years from another lender may be comparable to a 7 year quote offered by a Juno Preferred Lender.
    4. An Approval Disclosure for an Other Loan that does not have a co-signer may be compared with a Final Disclosure from Earnest with a co-signer.
    5. The index utilized for the variable loan may not necessarily be the same. For clarity, a variable rate loan that uses the 3-month LIBOR instead of the 1-month LIBOR is pre-approved.
    6. Any other exceptions agreed to by Juno that Juno deems to be fair and reasonable in the comparison of quotes. Juno may need to consult with the Juno Preferred Lender prior to approving any exceptions.

Juno reserves the right to deny or approve any guarantee claim at its sole discretion. Program participants are encouraged to not take any actions by assuming that the guarantee claim will by approved. Program participants are encouraged to wait until they are notified by Juno that the guarantee claim has been approved before taking any actions including but not limited to accepting the loan offer from the Juno Preferred Lender.

VOID WHERE PROHIBITED BY LAW. Juno reserves the right to modify, alter, suspend, or terminate this Program at any time without prior notice.