[Author's note: since passage of the the Health Education Reconciliation Act of 2010 on March 26, 2010, SunTrust no longer offers PLUS or Stafford loans. The information in this article is no longer current, and is meant as a consumer resource and guide showing what student loan rates were like through SunTrust when the FFEL program was still active.]
Private education loans for college students have become increasingly popular as a way to cover attendance costs and alleviate short-term debt. In fact, private student loans have grown more rapidly in volume than federal student loans, despite often having higher interest rates. To keep up with the increase in demand, private lenders have broadened their loan offerings.
SunTrust is one of the largest private education lending companies, and offers a number of federal and private options. This article will explain some of the different SunTrust student loans available and offer advice for those shopping around for private loans.