Academic Answer^®: the solution to your student loan needs

Rising tuition, coupled with limited government aid, has created a widening gap between the cost of college and financial aid. The private student loan, Academic Answer, is a way to fill the gap by borrowing the difference between school expenses and other Federal financial aid. That means less out-of-pocket expense until after graduation, or save money by starting loan repayment during school.

Attend your college of choice

Students often use factors such as school rankings, majors, and student activities to decide what college they want to attend. All too often, tuition is the only barrier many face. Academic Answer gives students and parents an opportunity to get the student loans they need to make attending a top-choice school possible.

SunTrust recommends you consider all aid alternatives including grants, scholarships, and federal loans (Stafford, PLUS, and Grad PLUS) prior to applying for private student loans.

Everything you'd expect from SunTrust and more

Get money you need for college, and experience the benefits of choosing SunTrust.

• Receive a $300 principal reduction on every SunTrust Academic Answer loan upon graduation*
• No Upfront Fees!¹
• Lower your interest rate by 0.25% when you choose to have your payments automatically deducted from your personal bank account²
• Rates as low as one-month London Interbank Offered Rate (LIBOR) + 2.5%, currently 4.5326% APR³
• Defer payments until after graduation
• Six month grace period while you find a job
• Generous repayment terms

Talk to one of our SunTrust representatives at 866.763.6351 to learn more about the Academic Answer private student loan or get started now by applying online.

¹A repayment finance charge may apply based on your or your cosigner's credit history.

²The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006. SunTrust reserves the right to change or discontinue these benefits without notice.

³LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 2.500% on 6/1/08. This APR example assumes a $10,000 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 25 year repayment term with no repayment finance charge, and a 2.50% margin. Margins can range from 2% to 8% and repayment finance charges can range from 0% to 5.5% both depending upon your or your cosigner's credit history.

*Proof of graduation is required.

Certain restrictions and limitations may apply. SunTrust reserves the right to change or discontinue these benefits without notice. This loan program may not be available in all jurisdictions