Other Ways to Pay for College
Student Loans aren't the only way to pay for college
At SunTrust, we think it's important that you consider all options to help finance college.
- Find free money - Before thinking about borrowing, search for scholarships and grants. You can also enter every two weeks for a chance to win a $500 scholarship through the SunTrust Off to College Scholarship Sweepstakes (see Official Rules for details). In addition, research school work-study programs and look for other scholarships wherever you can for example, your church groups, community organizations and workplaces may also offer scholarships.
- Federal student loans - available to undergraduate students, graduate students, and parents, federal student loans are offered regardless of income level through the U.S. Department of Education.
- Private student loans - If the cost of college can't be covered through grants, scholarships and federal student loans (Stafford, PLUS and Grad PLUS), consider a private student loan from SunTrust (Custom Choice Loan® and the SunTrust Graduate Business School Loan). With a private student loan, money can be borrowed for education related expenses such as transportation, housing, a computer to use at school, etc.
- SunTrust has other options, too - 529 plans and home equity lines of credit.
Paying for college can be a challenge. SunTrust can help navigate the options.
Before you look into paying for your college expenses, it's important to know how much money you'll need. Our money management resources, tools, and budgeting tips can help.
Financial Aid Tools
Use our college tuition guide and step-by-step guide to paying for college for planning advice on how to avoid getting too over-burdened with debt before you've earned a degree.
Scholarships & Grants
Before you get a loan, we encourage you to try getting scholarships and grants first. Our list of online resources can help. You can also register for the SunTrust Off to College Scholarship Sweepstakes (see Official Rules for details).