Welcome parents!
Get rewarded with SunTrust's money saving benefit offer!
Savings for Parent PLUS Loan Borrowers
Parents, a PLUS loan from SunTrust comes with a rewarding benefit that can reduce the cost of your loan.
- 0.25% Interest Rate Reduction Reward
Reduce the interest rate on your PLUS loan by 0.25% when you allow your monthly loan payments to be automatically drafted from a personal checking or savings account.1
Optional Deferment for Parent PLUS Loan Borrowers
With a Parent PLUS Loan, you have the option to defer payments until six months after the student graduates, withdraws, or drops below half-time status.
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Apply for a Federal Parent PLUS Loan today!
SunTrust private loans can help fill the gap.
If grants, scholarships and federal education loans don't cover all of your expenses, consider a private education loan from SunTrust. They're a great way to bridge the gap between what you have and what you need. Click here, to learn more.
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Savings programs effective for Parent PLUS loans first disbursed on or after 6/9/08. An origination fee of 3% and a default fee of 1% will be calculated based on, and deducted from, each disbursement. Borrowers must make all payments as scheduled and maintain enrollment in automatic debit to keep the rate reduction in effect.
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Effective 7/1/08, Parent PLUS borrowers may choose to request a six month deferment. Interest will accrue during any period of deferment and will be capitalized (added to the loan balance) at the time of repayment.
Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. All loan programs may not be available in certain jurisdictions.
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