SunTrust Student Loans Review

Rating: 9 / 10 (Excellent)
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SunTrust Bank is an Atlanta-based financial institution with over 32 years of experience in the banking industry. Their broad range of products and services are geared toward individuals, businesses, and corporations. SunTrust currently owns over 1,400 branches across 11 states and the District of Columbia. The company holds a Better Business Bureau Rating of A+.

SunTrust - Overview

Founded in 1956, the Atlanta-based SunTrust Bank specializes in financial solutions and management for small businesses. Among the services the company provides include savings and checking accounts, certificates of deposit, business credit cards, gift cards, and business money market accounts. SunTrust also offers private student loans for undergraduate and graduate studies that offer competitive rates and no origination fees. The company, however, does not provide refinance or consolidation student loans. 

Student Loans Offered

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.

Undergraduate

  • Custom Choice Loan
  • Union Federal Private Student Loan

Graduate

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

Maximum Loan Limit

Minimum Loan Amount

$1,001 

Maximum Loan Amount

$175,000

Repayment Options

SunTrust offers four repayment options for all of its student loans:

  • In-School Deferment
  • Immediate Repayment 
  • Partial Interest — $25 partial interest payments while in school
  • Interest-Only Repayment — pay interest only while in school

Student Loan Rates

Fixed Rate

Variable Rate

For Custom Choice Loan

Variable Rates: 2.751% APR to 9.589% APR
Fixed Rates: 4.751% APR to 11.044% APR

For Graduate Business School Loan

Variable Rates: 2.751% APR to 7.808% APR
Fixed Rates: 4.751% APR to 9.314% 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

Loan Terms

Custom Choice Loan

7, 10, or 15 years

Graduate Business School Loan

7 or 10 years

Union Federal Private Student Loan funded by SunTrust

7, 10, or 15 years

Qualifying

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

Online Application

College Scholarship Search

Student Loan Calculator

Application Process Time

A few minutes

Help and Support

Live Chat

Email

Phone

FAQs

Rewards and Discounts

Other than providing loan service to their customers, SunTrust also allows students to enter the SunTrust Scholarship Sweepstakes where they could win up to $500. A student is free to enter and is not required to have a high GPA to qualify. 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.

Loan Related Fees

Origination Fee

Loan Application Fee

Late Fee

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. The company also provides a host of online learning tools and advice in searching out scholarships prior to application. With low rates and flexible repayment terms, SunTrust is a great choice for your student loan.


Top Rated
9.5 / 10
  • Apply online in just 3 minutes
  • Undergrad rates 5.46% - 12.52% Fixed, 2.93% - 10.10% Variable
  • Grad rates 4.70% - 10.89% Fixed, 2.93% - 9.25% Variable
  • Instant credit decision
  • The most repayment options and flexible terms
  • No origination fees
  • BBB A+ Rating

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SunTrust Student Loans