Jurna offers outcomes-based funding in which the student agrees to repay their loan in exchange for a percentage of their future income.

Unlike traditional private loans or income-based repayments, Jurna funding includes APR and repayment caps to ensure students can afford to pay back their loan. Additionally, the Jurna Empower program connects students with employers and industry leaders to help them secure internships and jobs upon graduation.

Yes -- Jurna follows standard best practices around data security and uses industry-leader Plaid for sensitive transactions like moving money from one account to another.

For questions, please visit our Contact Us page.

Students must be rising juniors or seniors in an accredited, four-year institution majoring in an approved field. 

Applying is easy through Jurna's online application process. There's no application fee, no co-signer, and no credit score require. Applying for Jurna funding does not impact your credit score.

Jurna supports a wide range of student loans, including both federal and private loans. Whether you have undergraduate loans, graduate loans, or Parent PLUS loans, our platform is designed to accommodate various loan types and repayment terms.

Repayment for Jurna funding isn’t based on interest rates, credit history, or current debt. Rather, Jurna students commit to repay a certain percentage of their future income over a set number of years.

There is a one-time 2% placement fee for Jurna funding and an ongoing 1% management fee. There is no application fee or origination fee.

Repayment begins once you receive your first paycheck from your first full-time job as long as you meet the minimum annual income threshold of $35,000.

No – there’s no need to transfer repayment obligation, because it’s based on how much you individually earn. You won’t be in a situation in which you can’t afford repayment due to lack of income. Put simply: If you don’t earn, you don’t repay until you start earning again.

If your employment situation changes – for example, if you get laid off, relocated, have to take a pay cut, etc. – your repayment plan will be adjusted to your new income or be temporarily suspended.

Yes. Our preferred method is to receive payments automatically deducted from your paycheck, paid to us directly by your employer. Alternatively, you can set up autopay through Jurna’s repayment system through Plaid to pay us directly.

Over the initial course of three years with 1-2 pools of students, we anticipate 100 students in Year 1, 1000 students in Year 2, and 3000 students in Year 3.

The fund will invest in many different loan pools for students with different majors and expected earnings. The expected return on these various pools will vary over time depending on the economic and interest rate environments. At the current time, the estimated average return is 8.5%. 

The pool’s return is an input into our pricing model. That input is used to determine the amount of funding a student will receive. The expected future cash flows from students’ payments are discounted at that expected return to arrive at the funding amount.

The predictability of the return is based on the accuracy of our forecast of the cash flows from student payments. There are various factors that we’ve built into the model. We’ve based our cash flows on assumptions of students’ future earnings, future raises, and pauses in their payments for things like attending grad school and unemployment. Our net cash flow predictions are dependent on our ability to predict these various factors.

If launched in the same economic and interest rate environments, they will have the same expected returns. The variance of the return will depend on our ability to predict the above stated factors among different types of students.

We mitigate this selection bias risk by defining the pools very precisely, focusing on narrow definitions of student majors and their schools.