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Standard Repayment Plan
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If you can afford your current or estimated monthly payments, this may be the right plan for you.
Under this plan you will pay a fixed monthly amount for a loan term of up to 10 years. If the interest rate on your loans increases or decreases, you will have a corresponding increase or decrease in your loan payment
You will begin to make payments on both principal and interest as soon as you enter repayment with a minimum monthly payment of $50. The standard repayment plan offers the shortest loan term compared to other repayment plans, therefore, the total amount you will pay in interest on your loan will be the least of all of the repayment plans.
Student loans automatically default to the standard repayment plan. You will automatically be enrolled in this plan unless you select an alternative option.
If this plan doesn't meet your needs, you may contact your Student Loan Servicer or one of the SunTrust Education Loan Specialists at 800.552.3006. SunTrust Education Loan Specialists can assist you Monday through Friday from 8:30 a.m. to 6:00 p.m. EST.
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