College Loan Calculator

Private Student Loan Calculator

  • To apply for a private student loan you need to know how much to borrow.
  • With this calculator, you can enter the annual costs of attending your school and subtract the funds you already have (scholarships, financial aid and more) to find the loan amount to borrow. You may also see this amount referred to as your financial gap. Keep in mind, you can only borrow what’s needed for Qualified Higher Education Expenses1.

Don’t Know Your College Expenses? Select your school type below to enter the average cost of attendance2.

Annual School Expenses
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Annual Aid & Scholarships
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Annual College Savings
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Annual Subtotals
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Reset Values
Good job! You have $ more in aid, scholarships and savings than it costs to attend your college.
The difference between the annual school expenses (cost of attending) and the Annual Contributions (money/aid you already have) is $. One option to help fund this difference is a private student loan from SunTrust.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Remember, if you need more money than you've been awarded by your school, you might want to consider a SunTrust private student loan.

Important Information

Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans. View and compare the available features of SunTrust 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.

1

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". "Qualified higher education expenses" generally include tuition and fees, room and board, costs for rental or purchase of any equipment, materials, or supplies required of all students in the same course of study, an allowance for books, supplies, transportation, and miscellaneous personal expenses, and a reasonable allowance for the documented rental or purchase of a personal computer. 

2   Source: College Board, Average Estimated Undergraduate Budgets.

Loans Resource Center

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  • Wires

      For more details about Wire Transfers with SunTrust, call 800.947.3786.

       

      SunTrust incoming wire instructions:

      • For domestic incoming wires, use Routing ABA: 061000104
      • For international incoming wires, use SWIFT/BIC: SNTRUS3A
      • Beneficiary account number: SunTrust full account number
      • Beneficiary name: The name as it appears on the SunTrust account

      SunTrust incoming wire instructions are also available by calling 800.947.3786 - option 1

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