Private Student Loan Process

Learn about the steps for getting a SunTrust student loan.

If you’re like most students and parents, you’ve probably had your fill of completing college-related applications. Don’t worry. The process for getting a SunTrust private student loan is completely online and you can apply in as little as 15 minutes.

  • Prior to getting a private student loan, SunTrust recommends you explore scholarships, grants and federal aid.
  • Review your credit report
    Credit Report A document provided by a Credit Reporting Agency that shows a person’s, history of making payments on credit accounts, balances, employment information and more.
    to ensure you have a strong credit profile – if not, line up a cosigner like a parent.
  • To apply for a SunTrust private student loan, you must be enrolled at an approved school > 
    Learn what to know before you apply >

Consider a cosigner - a cosigner is an additional applicant, or co-applicant, besides the student, such as a parent. Many students don’t have a substantial credit history to be approved.

  • How to add a cosigner: In the online application, a cosigner can start the application OR a student can invite a cosigner to apply.
  • Releasing a cosigner1: After 36 consecutive on-time payments, you can apply to have your cosigner released from the loan. Learn more about cosigners >


Know the loan options you want. Consider the:
  • Loan amount.
  • Length of the loan term – which will affect your monthly payment and overall interest.
  • Fixed or variable interest rate – which do you want?
  • If you’re not sure, the loan application has a built-in feature that can help. Learn about planning for a private student loan >



Find out what you need to apply for a SunTrust private student loan. View an application checklist and documents about topics such as income and residency that may be requested for some applicants. Learn more about how to apply >

When repaying your loan, there are some things you should do:
  • Keep in touch with the loan servicer when you need to update any contact information.
  • Stay current and avoid default by working with the loan servicer. 
  • Take advantage of tax benefits for college expenses. Learn about student loan repayment >


Haven’t selected a loan to apply for?

How much do you need for school? Enter your tuition, expenses and financial aid and find out.


Calculate Your Loan

A SunTrust student loan can cover college expenses such as tuition, books, fees, transportation, housing, and more.


Learn More

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. Start Student Loan is a trademark of Cognition Financial Corporation. Both are used by SunTrust under license. Truist Financial Corporation (“SunTrust now Truist” or “Lender”) is the lender of these private student loans and they are not offered in connection with any other lender or the federal government. Cognition Financial Corporation is not an affiliate of Lender.

Certain restrictions and limitations may apply. Lender reserves the right to change or discontinue these programs without notice. These loan programs are subject to approval under the Lender’s credit policy and other criteria and may not be available in certain jurisdictions.


A cosigner may be released from the loan upon request to the servicer, provided that the student borrower is a U.S. citizen or permanent resident alien, has met credit criteria, and met either one of the following payment conditions: (a) the first 36 consecutive monthly principal and interest payments have been made on-time (received by the servicer within 10 calendar days after their due date) or (b) the loan has not had any late payments and has been prepaid prior to the end of the first 36 months of scheduled principal and interest payments in an amount equal to the first 36 months of scheduled principal and interest payments (based on the monthly payment amount in effect when you make the most recent payment). As an example, if you have made 30 months of consecutive on-time payments, and then, based on the monthly payment amount in effect on the due date of your 31st consecutive monthly payment, you pay a lump sum equal to 6 months of payments, you will have satisfied the payment condition. Cosigner release may not be available if a loan is in forbearance.

Compare our low interest rates on student loans

With four loan options to choose from and recently reduced interest rates, SunTrust has you covered this semester.

It only takes 15 min. to apply!

Apply for a new SunTrust private student loan now and get a quick decision.

The SunTrust Student Loan Process at a Glance

1. Application

Estimated Time: 15 minutes

Complete a quick, online credit application and get an instant credit decision.

2. Documentation

Submit required document(s) online, by fax or by mail.

3. Review & Signing

Submit the signed loan packet (includes the Credit Agreement and other documents) online, by fax or by mail.

4. School Certification

The school will certify (to SunTrust) the loan amount, enrollment at the school (half-time or more) and dates when SunTrust should transfer the loan funds to the school.

5. Final Review & Release of Loan Funds

Review the final loan disclosure and have 3 days to cancel. If an applicant does not cancel, the loan funds will be sent to the school.


Loans Resource Center

  • Contact

  • 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