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Suntrust Student Loans – Detailed Review Of Their Loans

August 27, 2011

Suntrust Student LoansSuntrust Student Loans

Suntrust student loans are a great program to use when the financial aide you are currently receiving like scholarships, grants and family help just isn’t enough. If you are looking for more information on Suntrust student loans, this is the place to be as we will provide you with a indepth overview of who they are, what they do, and the benefits that are offered to those who use Suntrust student loans, so you will have all the knowledge you need to either go with them, or skip to the next.

Suntrust Student Loans – Overview and Benefits

First off, Suntrust is a private loan lender that offers two different loans called the Academic Answer Loan and the Custom Choice Loan. will be a detailed list of both the benefits of the Suntrust student loans as well as what the qualification requirements are.

  1. A great benefit of the Suntrust student loans program is that you don’t have to pay a dime towards monthly payments for 6 months, also known as a grace period, giving you the time freedom to secure are job and be financially able to pay your monthly dues.
  2. There are no fees to speak of when becoming a client with Suntrust, meaning you won’t have to pay anything to sign up and be a part of their program.
  3. When it comes to payment time, Suntrust student loans are known for having very lenient repayment guidelines, which means you can pick a repayment program that fits your budget and lifestyle, like choosign how long you want it to take to get it paid off as well as the ability to adjust the monthly payment to fit your income budget.
  4. You will receive 0.25 reducation off your interest rate if you have your payments deducted automatically from your personal bank account. You can also receive another 0.25 percent if you have your money taken out from one of their Suntrust deposit accounts.
  5. Both Suntrust student loans offers what is called cosigner release which means that if you get someone to cosign for your loan, you can get it released from them to your name which will help people who have little or no credit, or bad credit, build up their credit scores as the loan will be in their name and the credit reports will be submitted to credit bureaus each month.
  6. You will also get graduation rewards that boast the opportunity of receiving 1 to 2 percent principal reduction.

Suntrust Student Loans – What You Need To Qualify

Now that you know some of the benefits of Suntrust student loans, now we will show you how you can become eligible to receive funds from them.

  • You must be enrolled in school at least at a half time level.
  • Also you must be a US citizen or be a permanent resident, and have documentation to prove it.
  • You must be of legal age which is around 18 some states 19, or 17 if you are going to be taking out loan with the aid of a cosigner.

Sutrust Student Loans – Conclusion

That is pretty much it when it comes to what the specifications of eligiblity for Suntrust student loans must consist of. All in all, it is a pretty good program, and offers some benefits that others don’t, like the graduation discount. It doesn’t really stand out in the crowd of loan programs, but it isn’t bad by any means. At the end of the day, the Suntrust student loans program is a great option to consider when seaching for a private lender for school loans.