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:

Envelopes

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

How it works when you're approved:

The eligible, underlying private student loans that you choose to consolidate are paid off
You select a new loan term
You select a fixed or variable interest rate
You make one monthly payment
Your consolidation interest rate and monthly payment may be lower than your current
rate and payment

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

Now, when private student loan rates are at historic lows.
When it's hard to keep track of what you owe, and who you owe it to.
When you want to change your monthly payment to fit your budget.
When you want to change the amount of time you have to repay your private student loans. SunTrust offers 15, 20 and 25 year repayment periods.^1,2

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:

Variable

APRs ranging from 4.850% to 7.960%

¹

Fixed

APRs ranging from 6.550% to 9.800%

²

Q. Are there any fees?

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

Consolidate your private student loans into one monthly payment.

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

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
Set up automatic payment withdrawals. You can lower your interest rate by .25%.⁴
Use a SunTrust account for automatic payment withdrawal and save another .25% on your interest rate.⁴

SunTrust Bank, Member FDIC., © 2013 SunTrust Banks, Inc. All rights reserved.

¹ Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your and/or your cosigner's, if applicable, credit histories, the repayment term selected, and the loan amount, and will increase or decrease if the One-month London Interbank Offered Rate (LIBOR) index changes. Your variable interest rate is calculated by adding the current One-month LIBOR index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition) (captured on the 25th day of each month, or the next business day thereafter, of the month immediately preceding such calendar month and rounded up to the nearest 1/8th of one percent) to your margin. The current One-month LIBOR index is 0.25% on 05/01/13. Variable margins can range from 4.60% to 7.71% with APRs ranging from 4.850% to 7.960%.

The lowest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 15-year repayment term (180 months), no Origination Fee, a monthly principal and interest payment of $195.75 and a 4.60% margin. The highest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 25-year repayment term (300 months), no Origination Fee, a monthly principal and interest payment of $192.29, and a 7.71% margin.

A 20 year repayment term is also available with variable interest rates that range from 4.88% to 7.46% (APRs 4.880% to 7.460%) as of 05/01/13. The lowest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 20-year repayment term (240 months), no Origination Fee, a monthly principal and interest payment of $163.34 and a 4.63% margin. The highest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 20-year repayment term (240 months), no Origination Fee, a monthly principal and interest payment of $200.79, and a 7.21% margin.

² Fixed interest rates can range from 6.55% to 9.80% (APRs ranging from 6.550% to 9.800%), depending on your and/or your cosigner's (if applicable) credit histories, the repayment term selected and the loan amount. The lowest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment and is based on a 15-year repayment term (180 months), no Origination Fee, a monthly principal and interest payment of $218.46 and a 6.55% interest rate (in effect as of 05/01/13). The highest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 25-year repayment term (300 months), no Origination Fee, a monthly principal and interest payment of $223.66, and a 9.80% interest rate (in effect as of 05/01/13). Interest rates are based on borrower's or cosigner's histories, the repayment term selected and loan amount.

A 20 year repayment term is also available with fixed interest rates that range from 6.71% to 9.29% (APRs 6.710% to 9.290%). The lowest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 20-year repayment term (240 months), no Origination Fee, a monthly principal and interest payment of $189.50 and a 6.71% interest rate (in effect as of 05/01/13). The highest APR example assumes a $25,000 loan disbursed in one transaction with immediate repayment, and is based on a 20-year repayment term (240 months), no Origination Fee, a monthly principal and interest payment of $229.62, and a 9.29% interest rate (in effect as of 05/01/13).

³ Request for the cosigner to be released can be made after the first 48 consecutive, on-time payments (not later than ten days after the due date) of principal and interest have been made. The borrower must meet credit criteria on their own at the time of the request. The borrower must also be currently enrolled for automatic deduction of monthly payments from a bank account and must not have used forbearance on the loan prior to the request.

⁴ ACH discount(s) only apply when full payments (including both principal and interest) are automatically drafted from a bank account. Discount(s) will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust ACH reward will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account.