Servicemembers Civil Relief Act (SCRA)

Understand your rights and benefits.

Since 1940, active duty and deployed military have been protected by legislation like The Servicemembers Civil Relief Act (SCRA).

The SCRA is intended to postpone, suspend, or alleviate certain civil and financial obligations so servicemembers can devote their full attention to their duties. It also helps reduce the amount of stress felt by both those in service and their family members.

Information for servicemembers with federal student loans.

Federal Student Aid, an office of the U.S. Department of Education, has published a helpful guide specifically for Servicemembers. The student loan servicers that SunTrust uses, AES and Nelnet, have each customized this guide with important contact information on the last page. Depending on which servicer services your student loan, click on the link(s) below -

Other helpful financial information for servicemembers.

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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.

Looking to reduce your interest rate by 0.50%?

If you are looking for a student loan, get 0.50% off the interest rate when you apply for a new Custom Choice Loan on or before 8/31/19!*

Read Important Disclaimers

* Offer valid for new Custom Choice Loans for which applications are submitted for a credit decision between 12:00:00am EST on June 1, 2019 and 11:59:59pm EST on August 31, 2019. A 0.50% interest rate reduction will be included in the loan options presented to an applicant during the online application process, upon passing the initial credit review. The interest rate reduction will be applied as of the first disbursement date and will be effective for the life of the loan.

Want to refinance a private student loan?

Apply for a new SunTrust private student loan and you may be able transfer the balance of an existing loan.

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