SunTrust is a large financial institution based in Atlanta serving individuals and corporations with all kinds of banking needs. Their educational branch, SunTrust Education, offers federal loans as well as private loans for college students. SunTrust operates primarily in the southern United States.
Private Student Loan Name: Academic Answers Loan
Loans for Which Students? Undergraduate students, Graduate students
Minimum/Maximum Amount per Student: Up to the Cost of Attendance, less any other aid received (including scholarships, federal loans, and grants), no more than $100,000
Rates: (varies depending on credit history) See website for the latest rates
Fees: 0% – 4%
Repayment Terms: Up to 15 years, payments can be deferred for up to 45 months
Other Information: SunTrust Education Loans offers a number of incentives for students looking for private loans for college, including a $300 principal reduction if you graduate. You can also save .25% on your interest rate by signing up for autopayment and having your loan payments automatically deducted from your bank account. SunTrust Education Loans strongly encourages undergraduate students to have a cosigner to help keep interest rates low, and some loans may even require it. Students in Illinois, Iowa, Texas, Washington, and Wisconsin are not eligible for Academic Answers Loans.
How to Apply/Contact Information: Apply Online.