Suntrust Student Loans
Use Your Bank to Pay for College
Suntrust Bank is one of the top private banking institutions in the United States, even though much of its commercial banking operations take place throughout the Southeast. With headquarters in Atlanta, Suntrust offers services across the board for private financial services, commercial banking services, as well as investment and wealth management.
Their addition of Suntrust Education Loans puts them on a par with their competitors who all offer their own brand of private student loans and consolidation plans.
Tools, Resources and Special Incentives
Suntrust customers looking for student loans will find such useful tools as loan calculators, loan comparison charts, and a scholarship search, where students can explore trustworthy scholarship programs. Suntrust also offers an attractive "Off to College Scholarship Sweepstakes." The winner takes $1,000 cash to put toward their college tuition plus a Suntrust gift card pre-loaded with over $200 they are free to use for other expenses.
Suntrust provides application and payment services for federal loans. Apply for federal subsidized or unsubsidized Stafford Loans, even get assistance from a Suntrust banking specialist. They bundle in discounts and incentives for borrowers who make payments on time, utilize online bill pay services, and sign up to receive their e-bills versus paper bills.
Also offered are Parent and Graduate PLUS Loans which are credit-based federal loans. Concerned about your credit? Suntrust offers a quick pre-approval option so you know up front whether you will qualify.
Suntrust's proprietary eSeries® loans are their brand of alternative student loans. Private student loans are used to augment federal loan awards. However, borrowers must agree to a credit check when applying. Bundled with lower interest rates than most credit cards, the eSeries comes in a number of "flavors:"
- eMax® is designed for any type or level of college student, even those attending school less than half-time.
- eCareer® offers competitive loans for students enrolled in a non-degree seeking program such as a vocational or professional studies program.
The savings and discounts available are based on the particular state and school the student is attending. Use Suntrust's search tool so you know in advance what savings incentives are available to you, based on this criteria.
Suntrust extends the Federal Consolidation Loan that makes it possible for borrowers to roll all their federal loans into one, low monthly payment. Or, students and parents may choose Suntrust's own eCon® loan to consolidate private loans from a Suntrust bank or from any another lender. Suntrust extends a discounted interest rate perk for customers who consolidate their educational loans. While a loan consolidation extends the life of the loan, meaning you pay more interest, it can lower your monthly payments by nearly 50%.
Check out Suntrust's website for more details and contact information.