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What if my school is not listed?
There are two reasons why your school may not be listed:
Can I use my loan for expenses other than tuition?
Yes. You can use your loan to cover education-related expenses included in your cost of attendance as defined by your school, which often includes expenses such as:
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Why does a cosigner help?
Applying with a cosigner who has good credit and positive income can help you satisfy credit criteria and may increase your chances of passing the initial credit review. Most students will need a cosigner to qualify. In a cosigned application, both you and your cosigner intend to (a) jointly apply for credit and (b) be jointly liable for the requested loan. Learn more about the Cosigner Advantage here.
What is cost of attendance?
Cost of attendance (COA) is an estimation of tuition and fees, room and board, transportation, and other costs for the period of enrollment covered by the loan, as determined by the school.
Please keep in mind that COA may vary by student due to a number of factors, including:
Where can COA be found?
Check these sources:
What is estimated financial assistance?
Estimated financial assistance includes the total dollar amount of grants, scholarships, work study and federal loans (Stafford, Parent PLUS, Grad PLUS, Perkins, etc) a family receives to fund a student's education for one academic year.
Where can estimated financial assistance be found?
If you have received an award letter from your school, the estimated financial assistance should be included there. If you have difficulty determining your estimated financial assistance, you may want to contact your school's financial aid office.
How much can I borrow?
The minimum and maximum you can borrow for the upcoming semester/academic period is determined by the school you are attending, the loan type you selected and your state of residence. You must select an amount for the upcoming semester/academic period that is within the approved range.
If you choose to refinance existing private student loans, select the Add Loans button to seperately enter the payoff amount(s) and details of the loans you are requesting to refinance.
Can we help you with your application?Talk to a specialist at 866-513-8445What would you like to do?Continue applicationSave and complete laterExit the application without saving
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What factors are used in the initial credit review?The initial credit review is based on the information you and your cosigner (if applicable) provide during the application process and the information obtained from your credit report (and any cosigner's credit report). If you pass the initial credit review, documentation will be requested to verify your identity and annual income and, if applicable, payoff documentation for any loan you request to refinance. A signed Loan Packet, including the Credit Agreement, Approval Disclosure and Applicant Self-Certification Form is required before a final loan decision is made. Your school will be required to certify the loan amount for the upcoming academic year/semester prior to disbursement.
Why do you need the Student's Cost of Attendance and Estimated Financial Assistance?Before a final loan decision is made, you will be asked to sign an Applicant Self-Certification Form. The Student's Cost of Attendance and Estimated Financial Assistance are two fields on the form. By entering the information here, we are able to pre-fill the Applicant Self-Certification Form with this information.
How much can I borrow?The minimum and maximum you can borrow is determined by the school you are attending, the loan type you selected, and your state of residence.
Is there a penalty for pre-payment or paying the loan off early?No, you can pay your loan off early regardless of your repayment terms without any penalty. You will only be charged the amount of interest that has accrued on the loan until the day the loan is paid off.
In order to apply for a loan, do I need to know what school I'm attending?Yes, you need to be enrolled at least 1/2 time as a student at an eligible school.
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Union Federal is a federally registered trademark of Cognition Financial Corporation used by SunTrust Bank under license. The creditor for this program is SunTrust Bank and is not offered in connection with any other lender or the federal government.SunTrust Bank, Member FDIC. © 2018 SunTrust Banks, Inc. SUNTRUST and the SunTrust logo are trademarks of SunTrust Banks, Inc., and are used with the permission of SunTrust Bank. All rights reserved. SunTrust Bank reserves the right to change or discontinue this Union Federal Private Student Loan program without notice. This loan program is subject to approval under the SunTrust credit policy and other criteria, and may not be available in certain jurisdictions.SunTrust Bank may sell your Union Federal Private Student Loan to a third party. All borrower benefits set forth in your credit agreement that are not subject to the discretion of SunTrust Bank must be honored by any potential purchaser provided you qualify for such benefits.Cognition Financial Corporation is not an affiliate of SunTrust Bank.SunTrust Privacy Policy | Cognition Lending Corporation Privacy Statement | Application Solicitation Disclosure | Contact UsEasyInviteSM is a service mark owned by Cognition Financial Corporation. © Sun Dec 16 00:50:53 EST 2018. All rights reserved. This work contains copyrighted materials owned by Cognition Financial Corporation.