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1 Savings programs effective for Stafford loans first disbursed on or after 6/9/08. Effective 7/1/09, an origination fee of 0.50% and a default fee of 1% will be calculated based on, and deducted from, each disbursement. Borrowers must make all payments as scheduled and maintain enrollment in automatic debit to keep rate reduction in effect.
2 New Stafford loans guaranteed through Education Credit Management Corporation (ECMC)before July 1, 2009 will not be charged the 1% default fee.
3 Borrowers must make all payments as scheduled and maintain enrollment in automatic debit to keep the rate reduction in effect.
Brochures containing additional information on lenders are available in the Student Financial Aid Office.
Check with the lender for details and conditions regarding eligibility for special benefits or incentives.
SunTrust Bank may sell your Stafford, PLUS or Grad PLUS Loan to the U.S. Department of Education or to another education loan provider. The interest rate and term of the loan will not change if your loan is sold.
SunTrust does not currently sell its Academic Answer private loans.
The information on this Web page was gathered on behalf of the Financial Aid Office at University of North Carolina - Pembroke and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.
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