Founded in 2018 as LeverEdge Association, Juno is a fintech with a student refinance lender marketplace. Juno only offers direct student refinance loans to international students; other borrowers may select a refinance lender from the marketplace.
|Variable Rates||1.49%+ (Undisclosed Maximum Cap)|
|Terms||60 – 240 months|
|Min. Credit Score||650|
*Lowest rates may include the 0.25% interest reduction for enrolling in auto-pay.
|Private student loans||✓|
|Private parent loans||✓ (in either name†)|
|Federal student loans||✓|
|Federal Parent PLUS loans||✓ (in either name)|
†Some (but not all) of Juno’s lender partners allow parents to refinance in their own names or transfer debt to a child; it is unclear if Juno allows international students and/or parents to transfer debt ownership.
Juno Refinance Rates & Fees
Juno’s refinance lender partners’ fixed rates start at 1.99%, and variable rates start at 1.49%. Lowest rates may include an interest reduction for enrolling in auto-pay (the standard reduction is 0.25%).
While Juno does not normally originate refinance loans, they do offer their own refinance loan to international students only at a fixed interest rate of 7.99% or a fixed annual percentage rate (APR) of 8.45% for 10 years. Click here to learn the difference between APR and interest.
|Term||Fixed Rate||Variable Rate|
|60 – 240 months||1.99%+||1.49%+|
Additional information about Juno refinance rates:
- Checking your rate with Juno will not affect your credit score. They will conduct a soft, not hard, credit inquiry (learn the difference).
- Juno does offer a discount for setting up auto-pay (0.25%), and at least one of its partners does.
- Variable rates are based on one of many available interest rate indices; as the selected interest rate index changes, your variable rate will change, increasing or decreasing correspondingly.
- Juno does not disclose a maximum variable rate cap though its refinance lender partners may. For example, one lender discloses an 11.95% rate cap.
- Some lenders also offer rate reductions to new borrowers applying through Juno.
Student Loan Refinancing Calculator
Based on advertised rates, use the calculator below to determine what your new monthly payment and potential savings may be if you refinance with Juno.
Juno does not charge any fees to consumers to use its service (the company makes money by charging lenders to post listings to Juno’s marketplace). Juno’s refinance lender partners, however, may charge their own fees.
Furthermore, Juno has its own set of fees that it charges to international students who refinance loans with Juno.
Beyond interest rates, there are a number of fees a refinance lender may charge up-front or during the loan servicing period. Below is a list of these fees that Juno does or does not charge.
|Fee Type||Amount Charged|
|Loan Origination Fee||Varies by lender ; Juno’s fee is 2.0% of the amount of the loan|
|Late Payment Fee||Varies by lender ; Juno’s fee is the lesser of 4.0% of the unpaid amount of the past due payment or $5.00|
|Returned Payment Fee||Varies by lender ; Juno’s fee is $5.00|
- Application fee – fee to apply for rates & approval.
- Loan origination fee – fee to create the new loan.
- Disbursement fee – fee for distributing funds to lenders to pay off loans that have been refinanced.
- Prepayment penalty – fee for making extra payments to reduce a refinance loan balance or pay it off early.
- Late payment fee – fee for making a late payment.
- Returned payment fee – fee for failed payments due to insufficient funds, also known as a “bounced check”.
- Collection fee – fee for collection activity on a defaulted debt.
Current Promotions & Offers
International students who refinance with Juno may be eligible for a signing bonus and up to $2,500 cashback.
For citizens and permanent residents, Juno and its lender partners offer rate reductions or cash bonuses. Not all promotions are equal.
For example, borrowers who refinance with Splash Financial can earn up to $1,000 cash back from Juno. Meanwhile, borrowers who refinance with Laurel Road or Earnest may receive an additional 0.25% rate reduction when they apply through Juno.
Because offers vary, borrowers should check with each refinance lender individually to learn more about available promotions.
Juno Refinance Eligibility Requirements
While requirements vary, Juno recommends that borrowers meet the criteria below. Note that these criteria are recommended and not necessarily required; each lender has its own qualifications.
- Citizenship Requirement: U.S. citizenship or permanent residence for marketplace lender partners (some lenders may accept certain visas); Juno offers refinancing to international students.
- Income Requirement: no income required though Juno recommends borrowers have employment and/or a steady income.
- Credit Score Requirement: 650 is the bare minimum though some lenders require a score of 700 or more.
- Graduation Requirement: at least one lender partner has no graduation requirement.
- Location Requirement: within the United States (this is also the case for international students), and not all services are available nationwide.
Additional restrictions apply for specific individuals and loans.
- Individual lenders may have different requirements for different borrowers depending on the amount to be refinanced, the borrowers’ credit score or employment status, etc.
- An example of additional restrictions: Earnest does not offer variable rates in Alaska, Illinois, Minnesota, Ohio, Tennessee, or Texas.
- Juno does not require a co-signer for international student refinancing and claims that a qualified co-signer may make an international borrower eligible for a rate reduction. However, the fine print in Juno’s Private Education Refinance Loan Application and Solicitation Disclosure clearly states that a co-signer “has no effect on approval or the interest rate offered.” This discrepancy may be in error.
Juno Student Loan Repayment Options
Lenders vary greatly on the benefits and options provided to borrowers during the loan servicing period. Additionally, benefits may only be available on a case-by-case basis. Juno offers some relief options.
Deferment & Forbearance
Juno does not disclose any deferment or forbearance, but some of its refinance lender partners do.
|Returning to grad school||Varies by lender|
|Disability rehabilitation||Varies by lender|
|Active military duty||Varies by lender|
|Involuntary unemployment||Varies by lender|
|Economic hardship||Varies by lender|
|Natural disaster||Varies by lender|
|Temporary hardship||Varies by lender|
Juno may offer other opportunities for relief or contract modification.
- Co-signer release Juno does not appear to offer a co-signer release for its own loans, but some of its refinance lender partners do.
- Death / disability discharge may be available in the unfortunate circumstance that a borrower passes away or suffers total permanent disability.
Juno Reviews, Complaints & Lawsuits
Beyond our own findings, our team also collected the most genuinely insightful customer experiences we could find, including any instances of legal action against the company in which the details became public.
Juno Online Reviews
Few Juno customer reviews are available on public forums; this is typical of new companies. Below are the sample customer reviews we could find, included here for their value as unedited, uncensored, and unsolicited user experiences. Note that these reviews are unverified, may include inaccuracies, and may provide outdated information (about rates, bonus offers, etc.).
Note that one of these reviews predates Juno’s name change from LeverEdge.
“I just did this with 250k student loan and will have a rate of 1.35 percent for five year fixed with 0.55 bonus. I got a discount through Juno of 0.25 as well as 0.25 autopay discount which is how it got down to 1.35 percent.
The five year variable was as low as 1.03 percent but don’t really plan to pay it off any faster with such a low rate and seems like rates will be rising next year..” – Mikey123 at White Coat Investor, 11/24/2021
“I was looking forward to LeverEdge [Juno] coming out today and have reviewed the two options they presented to me. Neither is a LeverEdge exclusive rate and the second (CommonBond) requires a hard pull despite LeverEdge explicitly saying it would be soft.
Also the rates I am seeing are nowhere close to the advertised rates, even with a cosigner.
Am I the only feeling a bit surprised and disappointed, or is there something I am missing?” – paulybik on reddit, 6/19/2020
Juno has a page on TrustPilot.com that, as of this writing, has no reviews and no score.
Juno CFPB Complaints
As consumer finance companies, student loan refinancing lenders fall under the jurisdiction of the Consumer Financial Protection Bureau (CFPB), a federal agency. As part of its mission, the CFPB allows consumers to log official complaints. These complaints are publicly available on the CFPB official website.
Since August 10, 2021, consumers have submitted zero (0) complaints about Juno to the CFPB. The only complaint (as of this writing) that mentions Juno refers to the email program of the same name; the complaint is actually about a different student refinance lender.
To search for Juno in the CFPB’s Consumer Complaint Database, click here.
Neither Juno nor LeverEdge Association appear to have faced any major legal action. While this information is updated regularly, ongoing legal action is subject to change.
Frequently Asked Questions
These are the most common questions consumers have about student loan refinancing with Juno.
- Is Juno good for refinancing student loans?
Juno’s international student refinancing may be the best option available to international students while Juno’s marketplace may be useful for borrowers who want to comparison shop for refinance lenders.
- Does Juno require a minimum credit score to qualify for student loan refinancing?
Juno suggests a minimum credit score of 650 but does not disclose a minimum for loans it originates.
- Are Juno loans federal?
Juno loans are not federal. Juno has no affiliation with the federal government or the U.S. Department of Education.
- Does Juno charge a prepayment penalty?
There are no penalties for early payments or repaying a loan in full before its term is over.
- Does checking your rates with Juno hurt your credit score?
For its prequalification process, Juno performs a soft credit check, which will not hurt your credit score. If you proceed with an application, however, Juno or one of its refinance lender partners will perform a hard credit check that may affect your credit score.
- Is Juno a bank?
Juno is not a bank; Juno-originated loans are financed by Bank of Lake Mills.
- Can I refinance a Juno loan?
You can refinance Juno student loans, student loans from another private lender, and federal loans. There is no limit to the number of times a borrower may refinance with Juno. Note, however, that every new line of credit requires a hard credit check that may affect your FICO score.
- Can I refinance just some of my loans with Juno?
Yes, you can refinance some, all, or just one of your qualifying student loans with Juno. You may choose to refinance your private loans only or refinance private and federal loans together.
- Can I refinance loans that have already been refinanced?
Yes, you can refinance loans as many times as you want with Juno. Note that each time you refinance, you will have to submit a new application; every application requires a hard credit check that may affect your credit score.
- Can my spouse and I refinance our loans together with Juno?
This policy varies among refinance lenders in Juno’s marketplace. For Juno-originated loans, refinancing is only available to the primary borrower on the loan(s) to be refinance; borrowers may not transfer or combine debt.
- How long does it take to refinance with Juno?
Juno does not disclose a timeline.
- Who services Juno refinance loans?
Juno does not disclose its loan servicer, but an application and solicitation disclosure lists the Bank of Lake Mills as the originator and/or financer.
- Does Juno offer a grace period?
Juno does not disclose a grace period.
- How often do variable rates change?
Juno does not offer a variable rate.
- Can I get any special rates or discounts with Juno ?
Juno offers discounts, rate reductions, and cash back bonuses under various conditions; some of its refinance lender partners also offer special promotions to borrowers who apply through Juno.
- What happens if I file for bankruptcy?
Juno specifically states in its application and solicitation disclosure: “If you file for bankruptcy, you may still be required to pay back this loan.”
- Does Juno partner with any major student refinance lender marketplaces?
Juno partners with Credible and Splash Financial lender marketplaces.
Compare Student Loan Refinance Reviews
|Juno Marketplace Featured Lender||Rating|
|UW Credit Union||B+|
|First Tech Federal||C|
|First Republic Bank||D+|
- Juno, Private Education Refinance Loan Application and Solicitation Disclosure 10 Year Loan Product
- Juno, Student Loan Refinancing
- Juno, International Student Refinancing
- Consumer Financial Protection Bureau, Consumer Complaint Database
- PitchBook, Juno (Other Financial Services) Overview
- Better Business Bureau, Search Businesses and Charities