I’m glad to start this Friday off by announcing my new partnership with Juno! I’m happy to be able to inform you of this completely FREE service to help reduce your rates on new or refinanced student loans. Without further ado, let’s dive in!
What is Juno?
You’re probably thinking, what is Juno? Well, Juno, formerly LeverEdge, is a group that uses buying power to negotiate with lenders to get you the best interest rates available. Think student loans, but with a volume discount. I won’t lie, I was a bit wary at first. I didn’t want to offer something that I didn’t think was valuable or upfront with you. So, I did some digging and that really is it. They summarize the whole process in 3 easy steps:
- Build a large group of members seeking loans.
- Ask lenders to compete for the business of those members.
- Pass those exclusive deals on to members.
As you apply for your membership, Juno will ask you some qualifying data to narrow the pool of loans that apply to your situation. This information is not shared other than to let lenders know of the number of potential applicants that would qualify for their loan. From there, Juno will link you to the right lender, where you will apply and receive your discounted rate or cash back.
When Do I Recommend You Use Juno?
Between the federal student loan relief and the potential for President-Elect Biden to provide student loan forgiveness, I recommend Juno only be used on private loans. There are too many opportunities for federal loans to be forgiven or reduced. Not to mention that there is still a hiatus on federal student loan interest at least through the end of the year. While it may feel like your student loans may never go away, Juno may just be light at the end of that tunnel.
There are other companies that can help with student loans and specifically refinancing, but here’s why I like what Juno has to offer in that arena. They are a completely free service for their members and make their funding from connecting those in need of loan financing to the lenders while offering them the best deal they can get. If you check out the interest rate reduction and cash back offers you can get and don’t like them, then that’s it. You look somewhere else, with no strings attached.
They stress to their members to look into other opportunities for loan rates and even have a financial literacy page to educate their members on the necessary basics of student loans. Their article on refinancing explicitly talks about the differences in federal and private loan options.
Wrap It Up!
The gist is, if you have private student loans or are in need of them, then check out the Firebird Finance partnership with Juno. See if they can help you get the best deal on an interest rate or cash back on your refinance. No games, no gimmicks. Just a shot at a better deal by the power of numbers.
Disclaimer: Firebird Finance is associated with Juno and will be compensated for anyone who signs up for a loan using their services. Like I said though, if you find a better rate elsewhere, go there.