Financial Aid navigating your options
Step one - determine how much you need to pay for college: not sure where to start? Our financial aid tools can help.
Step two - find free money: Before you even think about borrowing, search the world over for scholarships and grants. We're a good place to start. You might be able to help pay for school through work-study programs, too.
Step three - consider federal student loans: through the U.S. Department of Education's Direct Loan Program, federal student loans are available to students and parents regardless of income level.
Step four - consider other financing sources: if college tuition and expenses aren't covered in full through grants, scholarships and federal student loans (Stafford, PLUS and Grad PLUS), there are several other options to consider:
- Private Student Loans - with a SunTrust private student loan, borrow money for education related expenses with the option to make payments or defer them while enrolled at least half-time at an approved school
- Home equity loans - If you own a home or other property, you may want to explore options for home equity loans to finance college tuition and expenses.
- Home equity lines of credit - A home equity line of credit offers a smart, flexible and affordable way to use your home's equity to pay for the important things in your life both now and in the future.