Student Loan

Looking for money for college? Our student loans have got you covered.

When you’re applying for a student loan, you can often choose between variable and fixed interest rates. While fixed-rate loans have the same interest rate for the duration of the repayment term, the interest rate on variable-rate loans can fluctuate over time. If you want to pay off your debt quickly, opting for a variable-rate loan can allow you to take advantage of the lower initial rate. If you want the lowest rate possible, SunTrust offers some of the lowest rates on undergraduate student loans as of August 12, 2020:

Repayment terms
SunTrust Bank offers the lowest interest rates. As of July 31, 2020, it has variable rates as low as 1.99%, and fixed rates as low as 2.88% (lowest rates includes 0.25% autopay discount)

Special rewardst:
SunTrust Bank has multiple repayment terms, so you can choose a loan length and monthly payment that works for your budget. Depending on your needs, you can choose a loan term of five, eight, 10, 12, 15, or 20 years.

Unfortunately,SunTrust Bank only lends to residents of certain states. You must live in one of the following states to qualify for a loan: Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Indiana, Kansas, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, New Mexico, Missouri, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Vermont, Virginia, West Virginia, and Wisconsin. How to Qualify for Student Loans Before considering private student loans, make sure you exhaust all of your federal student aid options. Fill out the Free Application for Federal Student Aid (FAFSA) as early as possible to ensure you get all the financial aid you're entitled to receive. For undergraduate loans, federal student loans do not have minimum credit score or income requirements, making it an excellent choice if you don't have steady income or an established credit history.If you use all of the available federal aid and still need help paying for school, you can shop around for the best private student loans. Each lender operates independently from one another, and they have their own credit and income requirements.