#personal student loans #

Apply online now. A Union Federal Private Student

Loan is a smart way to cover college essentials.

We understand that financing your education can be stressful. But we're here to help with flexible options. The sooner you start filling out our simple application the sooner you can relax. We've been helping students like you for years, and we can help you too.

A few simple things to

What you want, including

Am I eligible?

Your loan can also help pay for books, lab fees and other expenses.

Cosigners are great.

If someone with a good credit history is a cosigner, your Union Federal Private Student Loan is more likely to be approved. It could be an eligible parent, guardian, or a friend.

SunTrust Bank, Member FDIC. 2015 SunTrust Banks, Inc.

SunTrust recommends comparing all aid alternatives including grants, scholarships, and both federal and private student loans; compare SunTrust private student loans .

Union Federal is a federally registered trademark of The First Marblehead Corporation used by SunTrust Bank under license. The Union Federal Private Student Loan is funded by SunTrust Bank and is not affiliated with any other lender, including Union Federal Savings Bank. Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. This loan program is subject to approval and may not be available in certain jurisdictions. SunTrust is a federally registered service mark of SunTrust Banks, Inc.

Union Federal Savings Bank is not an affiliate or subsidiary of SunTrust Bank.

1 Payments may be deferred (a) while a student is enrolled at least half-time at an approved school, and (b) during the 6 month grace period after graduation or dropping below half-time status. In any case, the initial deferment period may not exceed 66 months from the first disbursement date. Any accrued but unpaid interest will be capitalized (added to the unpaid principal loan balance) when repayment of principal and interest begins. There are no prepayment penalties.

2 Making interest only or partial interest payments while in school will not reduce the principal balance of the loan. Partial Interest Payment plan of $25 per month is available on loans of $5,000 or more. Click here to see a payment example.

3 For Partial Interest and Fully Deferred loans, any accrued and unpaid interest will be capitalized (added to your principal loan balance) when repayment of principal and interest begins.

4 Earn a 0.25% interest rate reduction by either making (a) the first 36 consecutive monthly principal and interest payments on-time (received within 10 days of the due date), or (b) an amount equal to the first 36 principal and interest payments on time, provided that (i) such payments are made during the first 36 months of principal and interest repayment, (ii) no prior late payments were made and, (iii) the borrower has elected to use automated electronic payments prior to the 36th payment (or last payment made before requesting the benefit). Borrowers must request the 0.25% interest rate reduction from the loan servicer. The rate reduction will continue even if automated electronic payments after the 36th on-time payment are discontinued.

5 Interest rate reductions offered for automatic payment from a bank account: 0.25% interest rate reduction for ACH payment from any bank account and an extra 0.25% interest rate reduction when ACH payments are made from a SunTrust Bank account. ACH interest rate reduction(s) apply when full payments (including both principal and interest) are automatically drafted from a bank account. Interest rate reduction(s) will remain on the account unless (a) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (b) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust Bank account ACH interest rate reduction will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account and will be removed for the reasons stated above or if you close your SunTrust account.

6 Proof of graduation (certified copy of diploma) must be submitted to the loan servicer within 90 days after graduation. The 1% principal reduction is based on the net disbursed loan amount, which is the total dollar amount of all disbursements made, excluding the dollar amount of any reductions, cancellations, or returns, as applicable. To receive the reward, no more than one late payment (payment received more than 10 days after the due date) is allowed and the student borrower must have earned a bachelor's degree or higher. This reward is available once during the life of the loan, regardless of whether the student borrower receives more than one degree.

7 The legal age for entering into contracts is 18 years of age in every state except Alabama (19 years old), Nebraska (19 years old, only for wards of the state), and Mississippi and Puerto Rico (21 years old).