Skip upcoming rate hikes and lock in good terms now
Student loans are about to get more expensive, but we’ve got a plan for you.
Here’s what you need to know
Interest rates are on the rise, and we’re forecasting increases in student loan costs over the next few months.
Students who know where they'll be in the fall have an advantage – they can apply for student loans now and lock in terms at current low rates.
Starting the process now means you can always cancel later if you like, but keeps you protected from upcoming rate hikes.
As long as your loan application is in “pending certification” status, you can rest easy knowing you nabbed a great deal in the nick of time.
There’s no additional cost here –interest only begins accruing once the loan is disbursed to the school so you won't incur a larger fee by applying early.
Borrow the maximum you can / think you’ll need so you don’t need to deal with applying again for more funds at a higher rate.
Here’s the data.
We’re carefully tracking the market, and you can see the starkest example here with Ascent, a highly vetted lender.
Based off this trajectory, we think other lenders will assume similar paths, so the time to lock in your terms is now.
*based off lowest advertised fixed interest rate for Ascent. See terms for full details
How much are rates rising?
Are you still guaranteeing the lowest rates on the private market?
Why are you doing this?
How does Juno make money?
- We charge our partners a percentage of the loan amount our members borrow from lenders – it’s set before the formal auction, so companies can’t sway us by offering more money. The partner is selected based on Juno's analysis with the objective of finding the partner that will offer you the best rates.
- When you use our special link, you’ll get a discount from the lender, or other incentive such as a cash payment from Juno, which we’ve negotiated. We’ll receive the fee described above from our partner, which is calculated as a percentage of your final loan amount, but you’re always free to go directly to the partner’s site as well.
Why should I trust Juno?
Are you still an independent third party?
Is there any downside to doing this?
How fast are student loan rates changing?
How can I be confident that I’ve locked in the rates?
Will interest start to accrue earlier if I sign the loan earlier?
How much do I borrow today?