Need to Borrow a Private Student Loan? Student loan interest rates have started to rise, and it is expected that they'll continue going up. Use these steps to apply NOW and lock in a lower interest rate for the year. Step 1: Estimate the amount you'll need for the full year. If you don't have the tuition bill yet, use the cost of attendance and estimate on the higher end. You can always lower the loan amount later. Step 2: Apply for the full year loan amount with lenders. By applying for the full year, you can lock in your interest rate offer now, in case rates increase over the next few weeks or months. Take advantage of the rate shopping period by applying to multiple lenders. Step 3: Check Juno to see if you're getting the lowest rate. Before you commit to a private lender, make sure you check out Juno to see if you're getting the best loan rate available for your credit profile. They negotiate with lenders for you and it's free to sign up with them. | 
