How can we help you pay off your MBA faster?

simplify your monthly
private student loan
payments?

Go from multiple payments to just one per month with SunTrust Bank.

How can we help you find an affordable private student loan?

reduce your monthly
private student loan
payments?

You could lower your monthly payments when you consolidate your private student loan with SunTrust Bank.

How can we help you get rate reductions on your private
					student loan?

change the repayment
terms of your private
student loan?

Extend your loan repayment period when you consolidate your private student loans with SunTrust Bank.

How can we help you:
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How many private student loans
are you paying right now?

One, two, three, four? Let SunTrust Bank help. Consolidating your private student loans gives you the chance to combine multiple private student loans into one monthly payment.

Consolidate all of your private student loans with SunTrust

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How it works when you're approved:

When is it time to think about private student loan consolidation?

Repayment Examples

Here's an example of how extending your term can reduce your monthly payments.

Repayment Term
Current Total Monthly
Private Student Loan
Payment Amount
Estimated Monthly Private
Student Loan Payment with
SunTrust Private Student
Loan Consolidation
Estimated Reduction
in Monthly Payment
10 years
$265.16
   
15 years1, 2  
$197.70
$67.47
20 years1, 2  
$164.99
$100.17
25 years1, 2  
$146.15
$119.02


This example assumes that the amount being consolidated, $25,000, is consistent across all repayment term options. The examples shown here assume that the balance of the underlying loans and the consolidation loan each equal $25,000 and have a 5% APR. A 5% initial APR may be available on current variable rate consolidation loans, but will be higher on fixed rate loans. Your actual loan details may vary from this estimate based on your creditworthiness (which may impact the interest rate you receive), the options you select, the loan amount requested, the interest rates in effect at the time your loan application is submitted, and whether or not you choose a fixed or variable rate. Choosing a variable rate may cause your monthly payment to change from time to time. Choosing a longer repayment term may increase your total loan costs. ALL DOLLAR FIGURES GIVEN IN THIS EXAMPLE ARE ESTIMATES. The loan terms described here are subject to change.


Frequently Asked Questions:

Q. Can I consolidate all of my student loans?

A. Federal loans are not eligible to be consolidated with this program. Only your private student loans may be consolidated with SunTrust. Consolidation of federal student loans is offered through the Federal Direct Consolidation Loan program.



Q. What are the interest rates?

A. We offer fixed or variable interest rates:

Q. Are there any fees?

A. There are no origination fees when you consolidate your private student loans with SunTrust.

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Consolidate your private student loans into one monthly payment.
Apply

Consolidation tips:
Three ways to bring
your interest rate
even lower

  1. Apply with a creditworthy cosigner. You may apply to have the cosigner released from liability after the first 48 initial, consecutive principal and interest payments are made on time. You must meet credit criteria on your own at that time.3
  2. Set up automatic payment withdrawals. You can lower your interest rate by .25%.4
  3. Use a SunTrust account for automatic payment withdrawal and save another .25% on your interest rate.4