Student loan, financial aid, private student loan, education loans

Education Loans

Whether you're a student, parent, or graduate, SunTrust Bank can help with your educational loan needs. SunTrust offers a private student loan, the Custom Choice Loan®, to undergraduate and graduate students when federal loans, scholarships, and grants aren't enough to cover the full cost of education. SunTrust also offers Private Student Loan Consolidation to college graduates who want to change their repayment term or roll several payments into one. In addition, SunTrust offers money management information on budgeting, record keeping, credit and more.

  • Start saving early with a 529 college savings plan. Learn more about 529 plans.
  • Identify schools that offer the best educational value
  • Apply for as many scholarships and grants as you can – every dollar helps
  • Learn the ins and outs of financial aid and review the available options
  • Take advantage of the U.S. Department of Education’s Direct Loan Program for low-cost federal student loans

Getting ready for school? We can help.

Before you look into paying for your college expenses, it's important to know how much money you'll need — and how much you'll have to pay back each month once you begin repayment. That's why SunTrust has put together this budget and planning toolkit — to help you get financially prepared for the years ahead. More information.

Private Student Loans

If savings and federal loans, scholarships and grants don’t cover college costs, SunTrust offers a private student loan, the Custom Choice Loan. This loan is available to undergraduate and graduate students enrolled at least half-time at an eligible school. With money-saving benefits, competitive rates and flexible repayment options, a Custom Choice Loan may be the right solution for rounding out your financing needs.1

Private Student Loan Consolidation

For college graduates with existing private student loans, SunTrust offers Private Student Loan Consolidation. Consolidating through this program allows for one simple payment with the option of a fixed or variable rate and choice of repayment term.

View rates, details and terms for Private Student Loan Consolidation.

More savings for SunTrust clients

Receive interest rate reductions on a Custom Choice Loan or Private Student Loan Consolidation when payments of principal and interest are automatically deducted from a bank account.

  • If the bank account is a SunTrust checking, savings or money market account, the discount is 0.50%.2
  • If the bank account is a non-SunTrust account, the discount is 0.25%.2
Disclaimers

1SunTrust recommends you exhaust all financial aid alternatives including grants, scholarships, and federal loans prior to applying for private student loans.

2ACH discount(s) only apply when full payments (including both principal and interest) are automatically drafted from a bank account. Discount(s) will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds over the life of the loan . The additional SunTrust ACH reward is available for loans first disbursed on or after 6/1/11 and will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account.

Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. All loan programs are subject to approval and may not be available in certain jurisdictions.

Contact Us

To reach a SunTrust representative:

  • 800.552.3006

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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