Students: School Loans & College Planning

Books? A computer? To get your school essentials, you’ll need money to pay for them.

Going to college is an exciting time. Head into this new chapter of life with confidence, knowing you have enough money to pay for all of your educational expenses. If you’ve explored funding like scholarships and federal student loans, but still need money, a SunTrust private student loan might be able to help. We provide school loans for undergraduate and graduate students who are attending college half time or more in a degree seeking program at an approved school.

Before you apply for a student loan, talk with your parents, high school advisors and the financial aid officers of the school you wish to attend and make sure you’ve considered the following:

Frequently Asked Questions

Which is the best option, a federal or private student loan, or a combination of the two?

Both types of loans may offer certain advantages. For example, a private student loan may allow you to borrow more than is available through the federal government – while a federal student loan may offer more flexible repayment options, such as income-driven repayment (IDR) plans. It’s always wise to carefully compare your options. View a brief comparison of federal and private student loans >.

Do you have a plan to repay the school loan when it’s time?

  • Consider what you would do if you couldn’t find a job immediately after getting out of school. Do you have a plan to repay the loan while you are looking for work? What if you plan go to graduate school after you get your bachelor’s degree? Can you afford to repay your loan at the same time you are going to graduate school? In some cases, you may be able to defer payments while in grad school, in other cases you may not. You should know the answer to that question before taking out a loan.
  • If you are going into debt in order to go to school, consider whether the degree you are seeking has a good opportunity for employment in a job that can enable you to repay your loan after you graduate.
  • Understand the payments for your loan to help you get a plan together to repay the loan.

If you have limited credit history, do you have a student loan cosigner lined up?

Many students have not built up the credit history to qualify for a private student loan on their own. Will a parent or other creditworthy person be able to be a cosigner on the loan?

Thinking carefully about your goals and plans – before, during and after leaving school – can help you make smart borrowing choices.

High School and Undergrads

Do your homework! You want to focus on getting your college degree without having to stress about how to pay for it. Get the facts about student loans and other financing options, so you’ll be able to make important borrowing decisions fully informed and with confidence.

Graduate Students

Have you always wanted to be a doctor or lawyer – or maybe you’d like to get an MBA to help you climb the corporate ladder? Whatever your professional goals are, a graduate education can be the gateway to success – but first you’re going to need to find a way to pay for it. Learn about funding options for grad students, including the SunTrust Graduate Business Loan. Consider it a smart investment in your future.

Plan for a Degree

Do you have a particular degree in mind? Here is some information to help you plan and pay for your education:

See the 2017-18 Winners. The 2018-19 SunTrust Off to College Sweepstakes will begin again in mid-September 2018.


View Winners

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


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 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.

It only takes 15 min. to apply!

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

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

Investment and Insurance Products:

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

© 2018 SunTrust Banks, Inc

equal housing logoSunTrust Bank is an Equal Housing Lender. Member FDIC

equal housing logoEqual 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

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.