Immediate repayment
Start paying principal and interest approximately 45 days after funds are disbursed
This option allows for the maximum savings over the life of the loan
Once in repayment, you may qualify for forbearance, meaning you can temporarily postpone monthly payments in times of financial difficulty 3
Get up to 0.25% interest rate reduction with automated payments 4
Get a $300 principal reduction per loan as a Graduation Reward 5
Interest only
Pay only interest on your student loan while you’re in school 1
Start repaying both principal and interest approximately 45 days after graduation or falling below half-time enrollment
This option gives a head start on repayment
Once in repayment, you may qualify for forbearance, meaning you can temporarily postpone monthly payments in times of financial difficulty 3
Get up to 0.25% interest rate reduction with automated payments 4
Get a $300 principal reduction per loan as a Graduation Reward 5
Deferred payment 1
Delay repayment of principal and interest until approximately six months after graduation or falling below half-time enrollment 2
Gives the flexibility to start a career—before starting to repay the loan
Once in repayment, you may qualify for forbearance, meaning you can temporarily postpone monthly payments in times of financial difficulty 3
Get up to 0.25% interest rate reduction with automated payments 4
Get a $300 principal reduction per loan as a Graduation Reward 5
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 Interest will accrue during any period of deferment and will be capitalized (added to the loan balance) at the time of repayment.
2 Borrowers may choose to defer repayment until six months after graduation or ceasing to be enrolled at least half-time in school. A total of 96 months of deferment is offered (60 months on Undergraduate Loans plus 36 months on Graduate Loans), as long as the student remains enrolled at least half-time.
3 Borrowers may qualify for 12 months of forbearance over the life of a loan. Forbearance may be taken in increments of up to 6 months. Not all borrowers will qualify for forbearance. Forbearance should be used sparingly as interest will continue to accrue during forbearance periods.
4 The 0.25% rate reduction is available to borrowers who arrange to automatically deduct monthly principal and interest payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006.
5 Graduation Reward requires proof of graduation.
