SunTrust Student Loans Review

#7 in Student Loans

SunTrust caters to a variety of financial and loan services for retirement, small business, mortgage, personal banking, private wealth, credit card, commercial & corporate, and student loans. The company provides multiple student loan options for both undergraduate and graduate studies.

Loans Service Category

Direct Loan Service

Student Loans Offered

Private Student Loans

  • Custom Choice Loan
  • Union Federal Private Student Loan
  • Graduate Business Student Loan

Federal Student Loans

  • Direct Loans
  • Plus Loans

Services and Features

SunTrust has a variety of student loan programs that are designed to help borrowers find the best loan service for them. They provide Custom Choice and Graduate Business options for private student loans. Both of these choices have competitive rates and multiple repayment programs that borrowers can choose from. SunTrust also does not charge their customers of other fees such as application, origination, and late fees.

The company also provides a convenient financial aid with their simple online loan application. They allow their clients to borrow up to $150,000 with a repayment period of 7 to 15 years. SunTrust also has a student loan calculator that accurately gives a summary of the interest rates and monthly payments for a borrower’s chosen loan.

Other than providing loan service to their customers, SunTrust also allows Students to enter their SunTrust Scholarship Sweepstakes where they could win up to $500. A student is free to enter and does not require having a high GPA for them to be qualified.

Loan Rates Offered

Fixed Rate

Variable Rate

Types of Student Loans

Federal Student Loans

Private Student Loans

Student Loan Details

Minimum Loan Amount

$1,001 for Custom Choice Loan

Maximum Loan Amount

$150,000

Loan Term Period

7 to 15 years

Rates

Variable Rate: 3.739% APR to 9.153% APR

Fixed Rate:  4.599% APR to 10.329% APR

Application

Online Application

College Scholarship Search

Student Loan Calculator

Application Process Time

A few minutes

Other Loan Related Fees

Origination Fee

Loan Application Fee

Late Fee

Help and Support

Live Chat

Email

Phone

FAQs

Eligibility

For Custom Choice and Graduate School Business Loan

  • Must be a U.S. Citizen or permanent resident
  • Must be enrolled at least half-time in a Title IV program at an eligible school
  • Must be at legal age or at least 17 years old at the time of application
  • Must have a permanent address that is not in Iowa or Wisconsin

Rates

For Custom Choice Loan

Variable Rates: 3.739% APR to 9.153% APR

Fixed Rates: 4.599% APR to 10.329% APR

For Graduate Business School Loan

Variable Rates: 3.489% APR to 7.034% APR

Fixed Rates: 4.349% APR to 8.168% APR

*Rates will be determined by the borrower’s and co-signer’s credit history, requested loan amount, repayment option and loan term selected and other information

Student Loans at SunTrust

SunTrust offers affordable and flexible interest rates for both undergraduate and graduate borrowers. It makes applying for a student loan convenient by providing all the necessary tools and details needed when applying for a student loan. 

Start your review for SunTrust Student Loans