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 from SunTrust: if college tuition and expenses aren't covered in full through grants, scholarships and federal student loans (Stafford, PLUS and Grad PLUS), please consider the following options from SunTrust:
- 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. Call your nearest SunTrust location to find out more and talk to your tax advisor for information regarding tax deductibility.
- 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.