Federal Student Loans
A quick education on federal student loans.
- Student Loans: Direct loans are made by the federal government and are low-interest loans made to students for the cost of education, minus any financial aid. There are two types of Direct loans.
- Direct Subsidized Loan - the federal government pays the loan's interest while the student is in school at least half-time. These loans are based on family need.
- Direct Unsubsidized Loans - made to students no matter what their family's need or income level; however, the interest is paid by the student and not the federal government.
- Direct PLUS Loans: Direct PLUS Loans are made by the federal government and allow parents and graduate students to borrow money up to the cost of education, minus any financial aid. Financial need is not a requirement, but credit guidelines apply in determining eligibility.
For more information about Direct PLUS Loans, visit the U.S. Department of Education Web site.
If federal student loans, scholarships and grants don't cover all of your college expenses, SunTrust offers private student loans.
Need help understanding the difference between federal and private student loans? View our loan comparison chart.
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).