Paying For College

Getting ready for school? SunTrust can help.

Before you look into paying for college expenses, it's important to know how much money you'll need, what your options are and how to avoid getting too over-burdened with debt before you've earned a degree.

For most students, setting foot on campus will come with a hefty price tag — and not just because of the rising costs of college tuition, room and board. Many people hear a lot of advice about how to save for a college education. It's never too early to start saving; and a little saving today goes a long way toward the future.

10 things to consider when saving for college, that can help you long term:

  1. Start Saving Early
  2. Try Not to Get Discouraged by the Cost of College
  3. You Can't Always Depend on Financial Aid
  4. Research More Ways to Save Money
  5. Consider Well-Endowed Private Colleges
  6. Check Out Other Sources of Funding
  7. Try Putting Savings in Your Child's Name
  8. Look Into a College Savings Plans
  9. Try To Avoid Picking Risky Investments
  10. Your Retirement Fund is For Your Retirement

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If savings, grants, scholarships and federal student loans (Stafford, PLUS and Grad PLUS), don't cover the full cost of college, there are several other options to consider:

  • Private Student Loans - With a private student loan from SunTrust, have the money you need tor education related expenses. Students have the option to either defer or make payments while enrolled at least half-time at an approved school. Compare private student loan options offered by SunTrust.
  • 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.

No matter what stage you're at in planning for a college education, you'll need to determine how much you need to save, estimate the cost of college and analyze financing needs for each year of college. Our calculators can help you determine how much you may need to save or borrow for college.

SunTrust has complied several resources to help navigate through college financing well before college has started and beyond:

Paying for college can be a challenge, SunTrust can help navigate the options.

  • Money Management

    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 our SunTrust Off To College Scholarship Sweepstakes.