all right okay awesome I hope everyone can hear me well thank you so much for coming uh I am Nicolas I am the general manager of student loans here at Uno I am here with Diego that uh previously called it uh international student business as you know and hear me helping out answer all the questions that you have on the Q a so just before we start feel free to send any questions to a q a they will be on top of them and then I'll should take around 30 minutes to complete this webinar and then after that more happy

to stay on answer a lot of like any lingering question and and we can have a conversation um so well thank you so much for coming this as you know it's uh well sorry yeah before we start I have to do a quick disclaimer so you know is not an investment advisor financial analyst security broker so nothing that I said should be taken as Financial advice so please take everything that I say with a grain of salt my objective for today is to help everyone out to clarify questions but nothing that I said should

be taken as as advice um what's the goal of this webinar so by the end of the webinar I hope every one of you keeps me accountable to this uh I hope that we get these two things done first you will should understand why financing for Internationals is different than for U.S citizens uh and you should be able to contrast and compare like what which financing option is the best for your specific situation right this has mentioned in the beginning it's mostly about loans of course the scholarships grants Etc are

better Source than loans because you have to pay them back so please maximize that as soon as like the most that you can and then you know when talking about loans this is hopefully going to be helpful for you to understand how it works so a little bit about me um this is me uh a few years ago actually and a few kilos ago as well I am Peruvian that's the accent that you're hearing uh I studied in Peru I did all my career investment Bank in Peru in 2019 I was very excited to be admitted to an MBA at the Wharton School

and uh I you know as probably many of you are right now we're excited uh probably some of the best years of my life there and uh I did my summer internship in this great startup that is called you know that it's I like it so much that I decided to stay after school so here am I and now I am the general manager of student loans I'm here to uh you know help you with uh everything that I can so what is you know right like I why I joined this company and and this is actually a cool story so you know what's

actually started out of HBS a few years ago nikila Agarwal and Christoph karenster are the two co-founders were admitted to uh the school they as many of you right now so they were super excited and then they saw they had to pay more than 100 000 of Interest right so what they decided to do is group with some of their friends and said hey you know uh on our own we are a few people asking for a hundred thousand dollars in loans what if we group together what if we create a big group and go with lenders

not as a single individual trying to get a loan but you know us 100 500 people trying to get um better deals on our loans and actually it worked right to a surprise at work uh they got I think they're like 700 people uh and a bank was willing to give them a discount on the rate of their loans and uh yeah they end up saving like 13 000 versus a comparable offer so it's uh the deal like it worked great they uh decided to make this a company they raise some money and now we're basically

repeating the process every year but for everyone right right now we have more than a hundred thousand people that are you know members and how we operate is you know before everyone is looking for loan so actually like right now we try to get people to sign up totally for free and we negotiate with lenders different loan packages you know that are cheaper that way they will offer on themselves right and like we concentrate all the volume in a few lenders so we have negotiation power to reduce the

rates right so we are you know the preferred option for uh top mbas students we offer to grad students undergrad students and basically all around the US and actually some schools outside of the us as well so this is you know hopefully this is clear we are not a lender uh we're on your side we try to get the cheapest loans possible for you and hopefully you decide that you will decide to take the loan through US given that it's the cheapest lock so unfortunately this hasn't worked as well

for international students so why is that right the reason is that International students as you may be aware there is a lot of Supply a lot of uh different banks and institutions working for uh you know trying to offer student loans to domestic students right U.S citizen of permanent rescience and uh basically lenders are there are not that many lenders trying to cater to international student marketing and the reason for that is you know some of the the ones that are mentioned here you know there's some lenders perceive a

risk of fleeing the country it's it's given that there's not much loan history available at series for student loans it's it's it requires a higher cost of capital uh there's lack of loan tapes it's more difficult on the right and so so forth right so given that there is no enough people providing this service as as a negotiation company we're like really don't have the negotiation power that we do have with domestic students right like loans local governments don't

have the incentive because most of them don't offer the program and a few that do they don't have the incentive to give us a better deal because you know that there's there's we don't have that negotiating that much negotiation power right uh but that doesn't mean that we haven't tried right and I actually when I joined this company uh this was my pitch to get an internship in this company right I literally asked you know I'll be I'll do whatever I can to get a deal for

international students uh and that's how I got hired that was kind of my role for the first year after school trying to get you know a deal for international students and uh you know go to very creative sources to get trying to get this happen right um so the the the you know this is kind of some of the initiatives and I'm sorry if I'm going too fast I just there's a lot to cover so I want to make sure that and no one drops out before I cover everything but hopefully there you are uh replying

to to all the um you know increaser but there's some of the things that we tried and I tried you know these are just messages that I transcribed I started looking into my emails and say like hey what do we have done and very creative things to try to get a deal for international students try to convince lenders to lend International students you know we will provide some of the capital push on we try to work with ngos you we probably reach too many institutions in your own countries trying to get deals

um which has been like really exciting for me it's really something very close to my heart but uh unfortunately so far nothing has worked uh great right so I want to give you that context on like hey you know why it's you know why you're giving like domestic students such a good deals and like International students like kind of are less on their own I want to make sure that you understand you know like how the market is different and like it's we are giving full priority to this as one of our key

initiatives for you know to grow I want to mention that we are in the process and like I'll put a big caveat here because we are not I don't want to take like any one of you taking this as a guarantee but we are in the active negotiation with one lender that to make a potential deal for this year the deal in all likelihood if it happens will be limited and uh will not come in the next few months we'll come probably more in the June July um era if it happens so stay tuned we are I'm super excited about this I hope

that this works and this will be of course for international students without a cosigner but not necessarily will be for all right like we're trying to make it as comprehensive as possible but um still we don't have any more details that I can share but uh I guess stay tuned right like if you have something for you we'll send your way and hopefully you can take advantage of it uh if if it comes to Fresh so I'll just I'll make a quick pause um the to answer you know I'm trying to see

like some if there's common questions here so okay awesome like one thing that I didn't mention is like for student loans the amount that you can take out is given by your school right your school probably something that is called the cost of attendance and that is the maximum amount any student a student loan lender can give to you right sum is two and Loan lenders will give you less than that right that's not a guarantee that they will give all of that that one that we work with for domestic students

and U.S and international students with a US co-signer does allow you to get the full amount right by all depend on you know what a specific lender that you are working with so that's on this again please take this with a grain of salt we're still working like day was working like like ratio on this uh I'm me like I'm working as well on this and we are you know very hopeful that something will come out and we'll definitely let you know but still like there's nothing yet in the

market that we can offer exclusively to International students so kind of like this this covers kind of the first part of what I wanted to say you know like what is the situation on the market right now the second part will be you know like hey you know given that there's no Juno deal right now like what are my options right like if I'm international student without a co-signer or like what what can I do right um so to the rest of our understanding these are the options available for you

so first of all what I would do in your situation if I were looking for loans right we'll see later like special situations for you know domestic students but as an international student what you should do is you should try to minimize the cost of your loan right basically you know it it it it's the most important thing is trying to get the lowest rate possible to pay as little as you can fees um because you know basically that's kind of like how much the money is costing you for you know going to school

or or whatever right so that's what I'll prioritize uh you know take you know lowest rates low lowers fees and that's how I compare and then like you know that that repayment term that is more accurate to you and your finances right um feel free uh by the way I'm going to share this recording with all of you on this presentation so don't don't do no don't don't you don't have to write this down but this will be like my checklist if I were going to take a new student loan you

know how old base I'll make this decision um in fixed versus variable rates uh you know there is uh it kind of depends on where you expect rates to be in the in the future right so like historically people have preferred fixed rates because you know there's less uncertainty of how much you will have to pay and if you are able to refinance your loan after it kind of doesn't matter if rates go down because you still benefit from that but uh based on your specific goals and situation after graduate that

may not be an option for you so you have to you know take into account what are your potential options to see like how to decide and the last one on like being a us-based lender uh this is important if you're listening to two very similar options and like one is a company outside the US and one is a company in the US I'll personally take the US1 because it creates great history in the US it qualifies as a student loan for employer benefits so as student loans are a very specific type of loan that you know like

the that um it can be you know it has certain implications on you know like when some employees employers have uh you know certain payments to do your student loan or whatever it doesn't mean any student loan right and sometimes they are constrained to us-based student loans so that's another thing that you will get the benefit if you select a U.S lender versus like an international lender right and uh for a fact most more uh employers sorry more more companies will be able to refinance your loan refinancing is

prepaying your loan and digging a new loan at a lower rate if you have a U.S loan because many refinancing companies don't have don't have the ability to refinance loans outside the US so okay uh if you have been exploring your options you probably are aware at least of the first two um so probably Finance very common company that works with many schools uh is uqk based they offer viral rates um and yeah the rates are you know they have a big range of rates um I uh like I've been hearing you know all

over the place um it is kind of they are non-consigner option for some depending on the school that you go they have a limit on how much they can uh lend so to understand you know how much specifically you want to take you're going to first or reach out to them or check in their website there's like a app I think a place on their website when you can select you can see depending on your program and school how much you can pay the next one is Empower uh Empower has uh fixed rates um but depending on the school I you

know I I cannot talk specifically about this you know terms of like please double check anything I say but I do remember Empower for at least for some schools maybe for all I'm not sure they have an origination fee um so that's another thing to take into account when you see their rates uh always check the APR that will take into account also any fees that they charge and this cover is one common for some schools so discoveries uh not available for most schools unlike the other two it's just available for some schools

that have a deal with this cover right um and this cover usually also offers for international without a cosigner offer variable rates um us-based and yeah I can sometimes it can be cheaper like like just just you know like compare your options when you have them so there is no downside on trying to see all your options right I'll like if if you take one thing from this webinars you try to get you know all your options right to see how much you will pay an interest between all possible options and select

the one that adjusts better to you so these are like the common ones um other options that you can you know try to to to figure out if they work for you are school specific options right so I know a couple of schools for example hvs is one uh one that have like an agreement with their grade Union where they will land to International students without a co-signer so if you're going to some of these programs it's always worth to check with your financial aid office and ask them hey you know like if

they're like an agreement or something where I can you know get a preferable rate and if they have one please take advantage of that because that tend to be you know uh one of the most affordable options or at least you have one more right so we checked to be sure to check with your financial office that's for non-posign options specific to your school and see if there is uh something you can take advantage of so the the this is kind of like what I'll recommend to do and check you know these

are your no cosigner options uh then sorry in the US then you know if you want to check I know other type of lenders there are some countries that have a student loan Market on their current you know and in their own home countries right like uh India is one famous One Mexico has like one alternative uh so it's always worth it to check your Market in our experience again these rates have been a little bit higher than what you can take in the US uh but it's worth to to check it out uh personally I haven't

seen much outside of these two countries um but but very well they they be they're made might be other options uh that you can take advantage of right so this is to to go again over there your no cosigner options or over your you know like your options in general is uh you have these local Center lenders you have this school specific lenders and then they are country specific lenders that you've got tap on okay now that we have finished you know like that no cosigner part I want to talk let's continue with that cosigner

part and you know this is like I I bet that there's a bunch of questions on this one because like what is a cosigner what does a cosine entails I want to touch all on that so if you have a cosigner you are able to enter our domestic pool right so now you know all the options that I have mentioned we should be able to get you a better deal because now you will be able for domestic type of rates right as as of right now we are guaranteeing the best rate in the market for any domestic for anyone not our domestic pool right so

you will be eligible for that deal if you have a valid U.S cosigner right um you know that that's that's that's kind of like what a cosigner allows you to do like it increases your options by a lot but uh as you will see like asking a customer is not a small task getting a cosigner means that the person that co-signs your loan they will be fully liable for your loan right if you default the lender will fully go against them and then it will be like a loan taking against them taken from them

it will appear on your grade score in their credit score sorry uh and also yours and it can affect their credit score and their ability to get immediate debt right they are taking it's like they took some debt right so they are planning to buy a mortgage right now this may or may not affect it depending on the lender um but something to take into account right I want to be very careful and telling you like there are some implications to getting a cosigner um it's it's just based on like you know

who uh if that person is is going to take that in the me and term or what is your relationship with that person if he or she is willing to go sign your loan because um what are the requirements for cosigner and this is very specific for our deal but I will say that most of the U.S market it's fairly similar to what you will see here right but maybe some some small tweaks but this is kind of like the basic thing that you should you should expect in a co-signer has to have Mini Moon FICO of 650 uh of

course like the higher the FICO score the better the the cosigner should have at least three years of great history should make at least 35k per year do not have any bankruptcies or any derogatory marks on their grade reports um they they don't have they shouldn't have any accounts currently collection and they should be either a U.S citizen or a permanent resident right no no conditional permanent residue so if you have someone like that that person can be your co-signer common question it

doesn't have to be your family it doesn't really you know any type of relations it's just any any person that is willing to co-sign your loan you know to take that risk for you you know it's it's it's that person so you can ask you know wherever you have a relationship that you know that is willing to do this uh and this is something that I'll say right so like getting a cosignia they have seen downsides and you know it will appear in their grade score it will uh you know they will have their risks as

the loan continues to be you know being paid right it's going to be living right and you know as you'll probably take a loan for 5 10 15 years at least um so in all that time that concern will be live offer alone but there are ways of getting your cosigner off the hook right and these are two the first one is refinancing your loan right so we are currently offering for people that finish their degrees and get a job in the US a non-co-signer refinancing option uh you know for international students so if you you

know you have a cosigner you get a loan you graduate you as of right now you are eligible or you should be eligible for our refinancing deal that we can basically you know partner we are partnering with uh with with a lender that will prepay your existing loan and get you a new one right and that new one will be only on you they will not your cosigner will not be you know liable uh for that new loan uh the other way of getting read you know or or like getting the organ of the hook is prepaying your student loan and

this is like a common question a student loans at least domestic loans usually don't have any preparement penalty right you can prepare your loan tomorrow if if you if you decide to do so right um so this is kind of like how you can uh you know if you like maybe a big ass for a concerned to be on the hook for 15 years these are potential ways of you know reducing that time when that question is okay so if you have a cosigner or even if you don't have a cosigner I'll highly encourage you join you know we're

totally free we are actively trying to negotiate loans for you and uh we are uh you know we will keep you updated in anything that we uh are able to get uh but if you have a cosigner and you say Hey you know I want to take advantage of our current deal sorry that actually you know is guaranteeing the best rate you just have to get get to like get you know you know complete sorry join you know complete the flow uh hit on the cosigner option and we will get you into a process and you will be able to check your rates

before applying right so you it's a soft grade check it doesn't affect your cosigner's credit score you need their SSN you need to have an SSN but don't worry if you don't have one we'll create a fake one for you so you'll be able to do it's a fake SSN in terms of like just a placeholder right it doesn't help it doesn't you know you cannot use that number for anything it's just to to use in our system and we will we can generate you uh you know what would your rates be and based

on that uh you know you can decide to take the loan or not again if you find any better rate than ours will match that rate and provide you a bonus on top so we'll always match and beat any option that you have that's kind of like our best rate guarantee for the loan this year uh that whole process should take a week usually when we say delays it's because the cosigners take time to reply you know they don't send the papers in time Etc so for for you know for us and our lending partner it's it's very very

straightforward right uh just okay some final thoughts so you don't get charge until your loan is dispersed right this is kind of like very common question and probably I one that I had is like hey you know I want to wait and plus they know as soon like as close as possible I'm to school to take a loan and this is not necessarily the best like a strategy because you can sign a loan like way before or like whenever you want actually um and your loan will not you know you won't be charged interest until your

loan gets dispersed that's the way that it works with our current lender you know always check if you work with anyone else check with that but that's you know usually the standard in the market they're alone you get they start getting paid when your your lender sends someone into a school and uh our like the our current lending partner for you know for our co-sign loan only send some money when the school requires it so for most people will be around September right so you can uh you know lock your

rate right now and that this version will happen in September or October you can prepare your loan without any penalties again all of these that I'm sharing is just for our um cosigner options that we have available right now uh check always with your lender but this should this is like many of these are like standard across companies uh you can ask up to the maximum cost of attendance of your school um some lenders you know constrain that for our lender that's not an issue and yeah you may be able to refinance it

later as of now the requirement for our refinancing product is that you have a job or a job offer in the US right so based on that you should like maybe a level for for the refinancing product after you graduate so just quick quickly uh on this stuff um you know like some of people get confused on hey I hear like the U.S governments have a loan program this is unfortunately only for domestic students uh it has you know some benefits some things are not great but uh for you as an international you know you are only

illegal for that right part right for the private loans and yeah honestly you know I I I'm the 30 minute Mark so what can you do you know to help us get a deal for international it's actually our goal is literally like let's ask like tell more people about this right we are like I said we have to get like as much negotiation leverage as we have if we can we're an active negotiation for with one lender um so we really want to get a deal this this year for for Market um so please tell your friends future

referral link and it will provide you with a special bonus uh but that's it right the more we are right now more more more likelihood to get a deal um and a better deal once we get one so I'll make sure to update you uh and you know it's totally free to be part of you know we'll have more of these webinars we'll have more you know uh or type of uh informational material and and probably contests and scholarships so uh just stay in touch via you know member and we'll we'll provide you all

the information that you need and uh I at the beginning of the call like I I was asked like you know if this is going to touch scholarships I'll say that um we do have some resources on that so it definitely in your best interest to maximize all the free sources that you can get so scholarship is a free source you have to pay back so definitely you know uh try to maximize scholarships we have one you know database here there are more database you know like apply as many as you can speak with your financial aid office if

there's a specific non-consigner options um they're like I said like there might be some that could be attractive for you and if it's possible get a co-signer your options should be better if you get a cosigner so if that's a possibility for you uh really consider it and and and see who can help you with that so yeah I know that I spoke a lot I want to go over and like please share all your I know Theo has done like an amazing job answering a lot of questions uh I I want to go over like some of them

okay going over there the cosigner is ready to provide all details but they want the details when the login is at their end as per them uh Social Security numbers conventions should be filed by the individual okay let me get back on on that uh directly with you my heart I think I want to you know share any any personal detail here but uh yeah that like if they want to I think that we can arrange that I I'll have to check our but yeah like I mean like that usually for the rate check we asked the borrower to put

that Social Security number so maybe that's what you're referring to but uh they all can we make a note on that just to go back to manoharless thank you uh uh one of my lone Surprise by Ernest or no agency if I go through you know will the application go to the same lender like your application will go to a same lender but the app remember that if you go through you know you have a different set of rates that are in average 1.6 percent lower that what will you will get if you go directly to Earnest in

this case that is like our lending partner so make sure to go with you know you'll get when you get to learn a side where you'll get like a banner that says like you know discounts applied or something like that and if you are uncertain I'm like hey did I got you know that you know rates or the earnest rates come back to us and we can tell you that but yeah like make sure to go through you know it's literally the same product with cheaper rates so it's in your in your best interest

what are some of the benefits Nicolas talked about yeah so like companies I I know that Google used to do it I don't know if they still do it but they usually have you know an SD band of X number of dollars to watch your student loan and what does student loan means you know can be based on like where the student loan is based right like so so if you take like a loan in your home country and the company doesn't consider it a student loan you cannot use that benefit so um you'll be on the safer part if you

select the US company just because you know you know for a fact that it will be considered student loan um a follow-up to a dual degree question can I simply show the cost of attention of each program which is available on the website yeah yeah I mean like the way it works is like this right you ask whatever amount you want to the lender and the lender will like if you have that requisite it will approve you and then it will send you know kind of to the school a certification request right and so like hey you know

uh this person is trying to is it first if this person actually a student in your school and this person is trying to get you know 150k thousand dollars of loans like you know can can they get them and your school will be the one that say you know hey you know this person is only allowed to get up to the cost of attendance that for this year is 110k right and they will trim down the amount that you select so this is how it works right like you know you can apply and you can potentially get approved for more than

your cost of attendance but the certification you know the school will certify uh you know up to your cost of attendance that's where the loan will get written down uh as this are the student loans for interactions to enjoying the schooling knowledge available through you know oh well so like as I say like there is no certainty that will have an a student loan without a cosigner if it's still in the process that's kind of like why I'm asking like very wholeheartedly for your help and like getting more people in and

trying to you know get more negotiation power but it's still not a certainty I'll we'll keep you updated if it happens I'm expecting that it will happen between you and July uh what we do have right now available is the cosigner option right like cosigner you can get the loan right now and it will be probably more attractive than the product that will that do we potentially launch without a cosigner right so uh hopefully that answers that question how does Europe benefits from these yeah

for sure we charge a fixed fee to lenders right like this is kind of how we work we when we negotiate with lenders and set that request for proposal we charge a fixed fee uh which we don't negotiate lender by lender you know so we're not incentivized to take you know A lender that could be more expensive but uh give us a higher fee and therefore we Channel all our volume to a single lender uh for a specific group so you know they can um they they you know we we get that that volume discount right like usually all

the aggregators work on you know let's send different Learners like they portray you all the lenders that's not how we work we choose the lender we get exclusive deal where we get cheaper rates and in this case like lower rate guarantee and that's kind of like uh you know we save the marketing dollars we we get benefit from that fee and you get benefited for lower uh rates so I I try to think that it's a win-win-win uh do you have any scholarship from Junction students that are not school

specific we do have some scholarship running right now um so check our site and there are like I think we have two and there are like we WE Post like a lot of scholarship from you know uh third parties so check our site check the link that I posted um there are not huge scholarships always have probably the most common source of big scholarships is your school so don't feel afraid to ask you know your friendship office try to see if you can get some more money there do you need to have all the financing

ready for applying for a student visa okay that's a very good question so and again take me with a grain of salt I did this like four years ago so I I remember some of it um so you to get the I-20 there is a document that you need to ask for the Visa usually they will ask you for proof of funds right like how are you going to pay for your schools and I remember that they accepted uh you know an as an um approved loan offer right so your if you apply for a loan and they you know said yes you are approved they will

accept it even if you didn't sign it at least that's how I remember it but always check with your school right the school is the one that will approve you your I20 so um check that and you only need to prove you have enough funds for the first year of your school right so that's if you have you know like savings or anything that you can show uh that is uh that's going to work as well uh uh I don't want to touch on taxes sorry about that uh because it is dependent on the specific person and I

really just don't know enough so I'll prefer not to touch that subject um what's the lowest rate interest rate uh achieved so far from International how local the rate be achieved but you know again without a question again we don't know right it's not like we like to answer the first part of a question there is no problem that you don't have lunch without a cosigner until now right so there's basically the answer will be nothing um what will be the rates you know in

three months if we launch a pro we don't know I I like I we don't know how rich will move we all know uh how aggressive if we get a deal color aggressive the lender will be and we don't know who would be legal for a loan right so I think it's a very difficult question to answer um so yeah just skip to stay tuned I'll send you if you we have one um so so yeah I did the okay I think I'm missing context on this question I got a scholarship and I'm sure where I will need any funds at all during my first

year or with a small amount can I get a loan later in the year yeah yeah for sure you're gonna get a loan later in the year um the only caveat to that is that your school remember your school is the one that certifies your loan right so depending on your school your school will determine how much of the loan they will certify right so if you for example if you start your second year and you decide hey now I want to take actually the loans for a fair a loan for a first year most likely a school won't let you do

that right so it is kind of uh you know if as time passes the amount that you can take gets lower and that's limited by your school not by the lender so take down the account but you can't take someone right uh it just just take that into account uh before before um you know deciding to to delay any law decision uh do I need to enroll deposit to the school to turn on process or if I am admitted I can start so you can actually apply for a loan right but remember that to actually certify the loan your school

will have to say you know to A lender yeah like this is student is enroll in our school right so just take that into account you can get approved but it won't get disbursed until the school says that you know ex-person is actually a student in this school can I take a loan for both years absolutely yes uh what about the health insurance protection Union is that only for domestic students no great question Ty so the student loan that in that just if anyone is not aware here we have posted in our site and international

health insurance uh package there that is actually not a deal that we promote it's just a resource that we have there that this International health insurance you know it's guaranteed to um to cover your school requires right if it doesn't cover your school requirements basically the provider of the insurance will uh uh we'll we'll refund you the money so that's kind of like you know if you are interested in taking an alternative Insurance you can check that one it is only for

international students and it doesn't require cosine right we again this is not something that we um actively promote it's just a resource there so check it out I took it personally but you know it could be something that interests you or not uh uh can you give us an indication of current interest rates and popular sure I mean this is a difficult question to answer right like again I'm assuming you mean with cosigner I'll say I I've seen rates all around uh yeah I I prefer not to answer like with

a specific uh interest because it can really depend on your like course on your credit score uh that what I will say is like the most common repayment period is 10 years uh by far uh followed by 15 and then seven sorry I meant what if I'm not approved for a loan for my second year um I mean like that's a possibility right like lenders approve loans year by year um so if you are not you know like something may have changed with your co-signer or you know like but you know it's definitely not a guarantee if they

approve you alone for a first year that they will approve your loan for a second year and you can switch lenders by the way right like you know it doesn't mean to be you know if you take one lender in the first year and then the second year for some reason they don't want to give you a loan you can go to another lender and ask for a loan can I reject a loan before it takes this verse yes uh so this is usually like four again for you for our deal yes after you can sign the loan and you can uh you know we call it cancel alone

up to a point it gets dispersed and you won't be charged anything right this is for our deal I check for lender like our cosigner deal that we have right now so check lender by lender if that's the case um you know but in our case in the dealer we have with code Hunters yes for sure you can cancel it until it's guess it's first semester sorry in August when would you advise I started sooner Brothers through you know so you can start as soon as possible right and actually I'll tie

this up with the previous question that you're gonna start it if you want right now assume you have a very close cosigner you can start right now get your loan close it sign it and then you know if rates go down you could potentially you know apply again get a new loan and cancel the other one before it gets its verse right there's no downside um well there will be like a great check on their on the cosigner but besides that like there's no like their water remark or anything um so it really depends on you right if you

want to take this that over and you can do it right now if you prefer to wait until like where interest rates will be you can wait uh as again it will take us uh like a week uh to you know should take like a week to get braids um if your cosigner you know cooperates and give all the information that they need but um yeah it's it's it's it's really up to you and you know if you need that money for for example for the proof of funds for your bids if I prepay my remaining loan with a

variable interest rate do I need to pay upfront the variable rate into no no for sure like if that's not you prepare and there's that should be a very no you basically not have to pay any interest uh at all um for the you know Juno deal to get the best rate what is a good customer credit score if I have multiple costs and options I want to see if 750 versus 500 miles I also have my SSN okay got it I'm assuming you are international right like you have 800 that you are international um so I was saying it probably won't

matter as much your own credit score because they will focus it on the cosigner um yes I cannot tell you like exactly how much it will it will affect you but uh yes I will like if you have all two options however with a higher grade score one and potentially that one that has like a higher income um yes like uh yeah I think that's that like there's there's no specific and like the lenders don't work like because it's not necessarily agreed it's like a model that is behind it so it's

not like it will save you like 60 basis point or whatever we have seen you know there's some directional different we we have seen that some data that yeah indicates that getting better um you know get getting a question with better credit score will get you better rates definitely uh super webinar ah awesome thank you for the kind words is there a chance that you offers me a better rate West Coast honor if I apply in a few months you know there's a chance for sure um there is you know we don't know what

rates will go like what we want to do is we want to be the best rate at any given time right so right now we're guaranteed that we are the best rate right now if rates increase unfortunately average will increase as well but it should be the best ones you know at that time in you know because that's kind of what we negotiated so yeah it kind of depends on your view on where rates are going but um if you expect that uh you know rates are are going to stay uh stable of rates are going to go down

yeah you you can potentially get out lower rate uh later I applied to round two and already got accepted one school congrats but I applied to order in round three is there any kind of issue to change schools where when should I get my loan that's a great question so I won't say there's an issue so let me get back on on you on that because there so you do put your school in your obligation right so in the most likely you will have to get another you know newest student loan for that school

um and and definitely you know you send the loan to school like or North school is certifying it so to answer your question you know like yes uh it will change so if you are you know you're waiting for round three maybe it makes more sense to to wait a little bit to get your own done wow yo you answer 69 questions so I think the answer like 12 in total so uh that's that's great any any other question like we I have a few minutes left so like one happy to answer any of our questions and if not like we can

wrap up early uh but uh yeah of course Gilberto thank you for coming can we walk back to the message slide sent for the first group ah yeah sure um uh Michael your question is very very difficult I like I know that there are some I know like I mentioned earlier I know HBS have a partnership with um like their own Grand Union so they do have you know a specific program for them so that will be an answer I'm sure there are more schools that's the one that I have in mind right now um yeah yeah we're sending a webinar

recording to anyone and feel free to you know to send it to more people uh we'll also send the presentation again please you know let's it's totally free to join you know so I'll I highly encourage you to tell more people about us um yeah you know at the end of the day you decide if you want to take the loan through us or not no problem either way we happy to provide any you know guidance and uh you'll have a great time in your school believe me yeah yeah Ariana for sure I like I

we can send you a link or like go to Juno and there is uh yo can you send her that yeah thank you she gave us some new Landings right now so awesome uh okay there is okay there's a few questions coming in okay that one uh can I use you know for Canada so if you do have uh Carlos if you have a US co-signer you can uh yeah we Rodman is actually school that we work with but you have to have a U.S co-signer so we cannot be a Canadian cosigner uh uh without cosigner can I still apply through you know again like I mentioned

right now we only have co-signer options uh we are working to get non-co-signer options but it's they are not live yet are Scholars are available or just loans we have scholarships and we list scholarship resources so uh yeah feel free to like our product is you know negotiating loans but we try to provide as much resources as possible to students now we go back to the slide with the loan company options I I'm not sure what you mean but I'm assuming uh country specific maybe you mean

okay awesome I appreciate you everyone coming I uh you know feel free to reach out to be able to me like if you have any questions about you know about like you know how what we're trying to do have to you know provide any more clarification with any of you 101 uh yeah nothing thank you so much for taking the time to come here and it was a pleasure for me