SunTrust Student Loan Consolidation Program

Benefits of Student Loan Consolidation
Student loan consolidation has many benefits. Important to many professionals is that consolidation may reduce a borrower’s debt-to-income ratio by lowering monthly payments.

For Federal Student Loan Consolidation Borrowers:
Those with federal loans may lock in an APR as low as 7.25 percent* and are eligible to reduce the interest rate by an additional 1.5 percent. Borrowers can take advantage of more savings when consolidating during the six-month grace period following a drop in student status or graduation.
• Lower your interest rate by .5 percent just by having your monthly payments deducted from your personal bank account.
• Earn another 1 percent interest rate reduction when you make your first 24 consecutive monthly payments on time. (Borrowers must stay current for the remaining term of the loan for the rate reduction to remain in effect).
• If you consolidate during your six-month grace period after graduation, a .6 percent interest rate reduction is applied.

For Private Student Loan Consolidation Borrowers:
• Lower your interest rate by .5 percent just for making the first 48 minimum monthly payments on time.
• Earn another .25 percent rate reduction when your monthly loan payments are automatically deducted from a personal bank account.

To take advantage of this offer and to reduce your payments dramatically, visit www.suntrusteducation.com/kdp or call SunTrust at 877.855.9842. Please mention that you are a Kappa Delta Pi member. There aren’t any credit checks, or application or origination fees. This offer is subject to change without notice.

*Federal APR may change.
 
1 By consolidating during the grace period, you will lose the remainder of your grace period. The interest rate on your Federal Consolidation Loan is the weighted average of the interest rates on the loans you consolidate rounded up to the nearest 1/8 of 1 percent. Your actual savings and APR will vary. Extending the repayment period will add to the total amount of interest paid over the term of your loans. If you do not consolidate prior to loan repayment, your consolidation interest rate automatically increases by .6 percent.