Astrive Student Loans Rates and Repayment Options.

Student loan rates
Astrive Student Loans are funded by a private financial institution. They offer greater flexibility to students since applications can be submitted at any time and the funds are disbursed directly to the student. Astrive Student Loan rates are individually determined based on these factors:

Student credit history
Co-signer credit history
One-Month LIBOR rates¹

The long-term difference
While you cannot affect the LIBOR rate on which Astrive Student Loans are based, you can get the most for your money by having an excellent personal credit history, a co-signer with strong credit, and by choosing your repayment option wisely.

Paying interest on your loan while in school will mean you’ll pay less overall
You may qualify for a lower APR with a co-signer

How rates are determined
Astrive Student Loan rates are based on the One-Month LIBOR (the London Interbank Offered Rate), which is the rate banks charge each other for loans, plus a margin that is determined by your or your co-signer's creditworthiness. Your rate will be determined individually when you apply. Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the One-Month LIBOR index changes.

Astrive Student Loans are private student loans marketed by Union Federal Savings Bank, Member FDIC and Equal Opportunity Lender, and funded by SunTrust Bank. SunTrust does not fund federal loans through the Astrive Student Loan Program. Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue these programs without notice. All loan programs may not be available in certain jurisdictions. Astrive is a federally registered trademark of The First Marblehead Corporation, used by Union Federal Savings Bank and SunTrust under a license. SunTrust is a federally registered service mark of SunTrust Banks, Inc.

Union Federal Savings Bank and The First Marblehead Corporation are not affiliates or subsidiaries of SunTrust Bank.

1 LIBOR stands for London Interbank Offered Rate. Astrive Student Loan rates are based on the One-Month LIBOR, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the One-Month LIBOR index changes. Your variable interest rate is calculated by adding the current One-Month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin.