Dear Parent,
Private student loan rates will likely continue to increase. To lock in the lowest rate for the full school year, move carefully but quickly and do these two things:
Brazos (A lender for Texas residents or students studying in Texas.) Credible (A website to check rates from multiple lenders.) College Ave (A Road2College preferred lender.) Sallie Mae (A Road2College preferred lender.)
2. Create a free account at joinjuno.com. Juno negotiates better student loan rates for groups of student loan borrowers. You'll be able to quickly:
If you sign a loan with their primary lending partner, you'll receive 2.0% cash back from Juno (e.g., $500 on a $25K loan).
If you find a better rate from an eligible private lender, they'll match it and increase your cash back to 3.0% (e.g., $750 on a $25K loan).
If you've already accepted a loan from another lender you can still apply for a loan through Juno’s primary lender. If the rate is lower, you can always cancel the original loan as long as the money hasn’t been sent to the college.
Best, Debbie
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