Features & Benefits
Compare your options in our online application
Our step-by-step online application takes as little as 15 minutes to complete. We help you through the process with information and tips along the way. Access to your application is available 24x7 once you have saved or submitted your information.
You can also invite your cosigner from within the application with an EasyInvite℠ e-mail. This tool lets your cosigner link right to your application to fill in his/her information and help finalize the application.
Reduce the cost of your loan with these additional benefits:
- No Origination Fees
- 1% reduction to your principal balance upon graduation2
- 0.25% interest rate reduction when you have your payments automatically deducted from a personal bank account, and an additional 0.25% interest rate reduction when your payments are automatically deducted from a SunTrust Bank deposit account3
The Advantages
- Easy-to-use online application
- Instant initial credit review when application is submitted1
- Fixed and variable rate options available to all applicants
- View rates online before signing
- eSign your Credit Agreement
- Additional savings for smart borrowers
EasyInvite is a service mark of The First Marblehead Corporation.
1 Credit review upon application submission typically occurs within seconds. The initial credit review is based on review of all the information you and your cosigner (if applicable) provide during the application process and the information obtained from your credit report(s). If you pass the initial credit review, you will need to provide acceptable documentation such as your income verification and Applicant Self-Certification Form and we will need the certification from your school before the final loan approval.
2Proof of graduation must be submitted within 90 days of graduation. Certified copy of diploma is acceptable. 1% principal reduction is based on the fully disbursed loan amount. To receive reward, no more than one late payment (a payment received more than 10 days after the due date) is allowed.
3ACH discount(s) only apply when full payments (including both principal and interest) are automatically drafted from a bank account. Discount(s) will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust ACH reward is available for loans first disbursed on or after 6/1/11 and will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account.
© 2012 The First Marblehead Corporation. All rights reserved. The lender for this program is SunTrust Bank. Custom Choice Loan is a federally registered service mark of SunTrust Bank and is used with the permission of SunTrust Bank.