Resources for Financial Aid Officers.
We know just how busy financial aid work can get — so we want to make working with SunTrust as easy as possible. That’s why we’ve brought together a variety of helpful lending resources into one convenient place.
|Contact||Support Services Offered||Contact Information|
For financial aid officers:
For loan applicants:
|School Relationship Managers||
||Find your representative|
|AES - Loan Servicing||
For financial aid officers:
|AES - Default Management||
AES has created an informational website that guides borrowers and parents through all aspects of the student aid process.
Process cancellations of a SunTrust private student loan disbursement at any time prior to the disbursement date.
When returning a check, please include the following information:
Send returned checks to the following address:
For overnight mail, please send to:
Total estimated time from a SunTrust private student loan application to receipt of loan disbursement: 2-6 weeks depending on time of year.
* Indicates a financial aid office action item.
|Loan Processing Step||Details|
Application – 15 minutes
Credit Decision – Instant
Complete a quick, online credit application and get an instant credit decision.
Upon credit approval, student/cosigner selects loan options, such as
Estimated Time: 1-2 weeks
Student/cosigner provides required document(s) online, by fax or mail including:
Plus, additional documents, if needed:
3. Review & Signing
Estimated Time: 1-2 weeks
4. School Certification
Estimated Time: 2-4 weeks
Timing depends on when the student applies and the school's procedures.
* The school certifies that:
The school can do this by utilizing various Commonline processing systems including Great Lakes' ScholarNet, ELM or www.schoolcertify.com.
5. Final Review & Release of Loan Funds
Estimated Time: 1.5+ weeks
Students/cosigner reviews the final loan disclosure; there are 3 days to cancel, then funds are released.
* Date(s) funds are sent to school are determined by the school - funds are sent to the school.
Do your students need money for college? Our student loans have got you covered.
When your students have explored federal aid and other ways to pay for school, and they’re still falling short, a SunTrust private student loan can help fill the gap. Available to undergraduates and graduate students, SunTrust college loans provide money for tuition, housing and other school expenses.
Custom Choice Loan® vs. Union Federal® Private Student Loan
For easy comparison, the key differences between these loans are that:
Graduate Business School Loan vs. the Custom Choice Loan and Union Federal Private Student Loan
Graduate business students attending an approved school can apply for any of the SunTrust private student loans; however, there are some key differences in the loans. The Graduate Business School Loan:
In-School Refinance Option
Does a student already have a private student loan? With the In-School Refinance Option, students can transfer the balance(s) of existing private student loan(s)2 when they apply for a new SunTrust student loan, possibly at a new advantageous interest rate or monthly payment amount.
How It Works
Guides, Articles, and Handouts for Students
|3 Smart Ways to Lose Your Student Loans Faster||College Costs: Beyond College Tuition, Room, and Board|
|Helping Your Kids Manage Student Loan Debt||How to Borrow for College|
|Nursing: How to Get a Degree & Become an RN||Juggling College and a Part-Time Job|
|MBA & Business: Planning & Paying for a Business Degree||7 Money-Saving Tips for College Students|
Important Information About These Products
Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans.
Union Federal is a federally registered trademark of Cognition Financial Corporation used by SunTrust Bank under license. The Union Federal Private Student Loan is funded by SunTrust Bank and is not offered in connection with any other lender or the federal government. Cognition Financial Corporation is not an affiliate of SunTrust Bank.
Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. These loan programs are subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions.
View payment examples for the Custom Choice Loan, the Union Federal Private Student Loan, or the Graduate Business School Loan. The 15 year term and Partial Interest Repayment option (paying $25 per month during in-school deferment) are only available for loan amounts of $5,000 or more. Making interest only or partial interest payments during in-school deferment (including the grace period) will not reduce the principal balance of the loan.
Private student loans that can be refinanced with a new SunTrust private student loan are private student loans and private consolidation loans that the student applicant used for, or used to refinance loans used for, certain postsecondary expenses not currently in a past due status. Loans that cannot be refinanced into this loan are (1) private student loans for which the student applicant is not the primary borrower, (2) Federal student loans and (3) student loans made by an educational institution. Loans being refinanced must have been used for "qualified higher education expenses" (defined by the Internal Revenue Code), which consists of expenses included in the Higher Education Act's definition of "cost of attendance".
Already have a private student loan? With the In-School Refinance Option, you can transfer the balance of your existing student loan to a new SunTrust student loan.
SunTrust explains how you can save money on college by making the most of financial aid.
Graduating with student loan debt? Here are some tips to help you manage the process.
It's crucial to discuss personal finance with college-bound kids.
This tool helps you to budget for living expenses for one year of college.
Determine the future cost of tuition based on the inflation rate you input.
For more details about Wire Transfers with SunTrust, call 800.947.3786.
SunTrust incoming wire instructions:
SunTrust incoming wire instructions are also available by calling 800.947.3786 - option 1
Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
© 2018 SunTrust Banks, Inc
SunTrust Bank is an Equal Housing Lender. Member FDIC
Equal Housing Lender. SunTrust Mortgage, Inc
SunTrust, SunTrust Mortgage, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are federally registered service marks of SunTrust Banks, Inc. All other trademarks are the property of their respective owners.
Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company and SunTrust Banks Trust Company (Cayman) Limited. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser. GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are provided by SunTrust Mortgage, Inc.
SunTrust Mortgage, Inc. - NMLS #2915, 901 Semmes Avenue, Richmond, VA 23224, 1-800-634-7928. CA: licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, IL: Illinois Residential Mortgage Licensee #MB-989, Department of Financial and Professional Regulation, 100 W. Randolph, Suite 900, Chicago, IL 60601, 1-888-473-4858, MA: Mortgage Lender license #-ML-2915, NJ: Mortgage Banker License - New Jersey Department of Banking and Insurance, NY: Licensed Mortgage Banker—NYS Department of Financial Services, and RI: Rhode Island Licensed Lender.
"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.
SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups and GenSpring are marketing names used by SunTrust Bank, SunTrust Banks Trust Company (Cayman) Limited, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.
SunTrust Bank and its affiliates do not accept fiduciary responsibility for all banking and investment account types offered. Please consult with your SunTrust representative to determine whether SunTrust and its affiliates have agreed to accept fiduciary responsibility for your account(s) and if you have completed the documentation necessary to establish a fiduciary relationship with SunTrust Bank or an affiliate. Additional information regarding account types and important disclosures may be found at www.suntrust.com/investmentinfo.
SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.