AAA Advantage Loan

<sub>Before applying for a private student loan, AAA Northeast Bank and SunTrust recommend comparing all aid alternatives including scholarships, grants, and both federal and private student loan options.

¹The variable interest rate for each calendar month is calculated by adding the current One-month LIBOR index (captured on the 25th day, or the next business day thereafter, of the month immediately preceding such calendar month and rounded up to the nearest 1/8th of one percent) to your margin. The current One-month LIBOR index is 1.875% on 04/01/2018. LIBOR stands for London Interbank Offered Rate. The One-month LIBOR is published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). The interest rate will be determined after you apply. The variable interest rate and Annual Percentage Rate (APR) depend upon (a) the student’s and cosigner’s (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan application. If approved, applicants will be notified of the rate qualified for within the stated range. The variable interest rate will increase or decrease if the One-month LIBOR index changes. Rates and terms effective for applications received on or after 04/01/2018.

²The 3% principal reduction is based on the net disbursed loan amount, which is the total dollar amount of all disbursements made, excluding the dollar amount of any reductions, cancellations, or returns, as applicable. To receive the reward, the benefit must be requested from the servicer, the student borrower must have earned a bachelor’s degree or higher, proof of such graduation (e.g. copy of diploma, final transcript or letter on school letterhead) must be provided to the servicer and proof of the borrower’s or cosigner’s current AAA membership must be provided to the servicer. This reward is available once during the life of the loan, regardless of whether the student borrower receives more than one degree.

³The minimum loan amount is $1,001 with exceptions based on the student’s state of permanent residence, as follows: Alaska: $5,001, Colorado: $3,001, New Mexico: $2,501, Oklahoma: $5,001, Rhode Island: $5,001, South Carolina: $3,601.

⁴The maximum annual loan amount for the upcoming semester/academic period is determined by the school’s cost of attendance, minus other financial aid such as federal student loans, scholarships or grants, up to $65,000 subject to an aggregate maximum student loan debt limit of $150,000 which includes all student loans and certain unsecured, consumer debt.

⁵Current fixed interest rates depend on (a) the student’s and cosigner’s (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan application. If approved, applicants will be notified of the rate qualified for within the stated range. The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH reduction benefit(s) or on-time payment benefit. Rates and terms effective for applications received on or after 04/01/2018.

⁶Any applicant who applies for the loan the month of, the month prior to, or the month after their graduation date, as stated on the application or certified by the school, will only be offered the immediate repayment option. Partial Interest Repayment is available on loans of $5,000 or more.

⁷Interest rate reductions offered for automatic payment from a bank account: 0.25% interest rate reduction when ACH payments are made from any bank account and an extra 0.25% interest rate reduction when ACH payments are made from a SunTrust bank account. ACH interest rate reduction(s) apply when full payments (including both principal and interest) are automatically drafted from a bank account. Interest rate reduction(s) will remain on the account unless (a) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (b) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust Bank Account ACH interest rate reduction will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account and will be removed for the reasons stated above or if you close your SunTrust Bank account.  In the event the benefit(s) is removed, the interest rate stated in the Credit Agreement shall be applied in accordance with the terms of the Credit Agreement.

⁸Automatically earn a 0.25% interest rate reduction by either making (a) the first 36 consecutive monthly payments on-time (received within 10 calendar days after the due date), or (b) payment(s) in an amount equal to the first 36 monthly payments, as described in the credit agreement, provided that no prior late payments were made during the repayment term.

⁹A cosigner may be released from the loan upon request to the servicer provided that the student borrower is a U.S.  citizen or permanent resident alien and has met credit criteria, and a specific number of consecutive monthly principal and interest payments have been made on-time (received within 10 calendar days after the due date), as set forth in the credit agreement. Cosigner release may not be available for loans in forbearance status.

¹⁰The legal age for entering into contracts is 18 years of age in every state except Alabama (19 years old), Nebraska (19 years old, only for wards of the state), Mississippi and Puerto Rico (21 years old).</sub>

<sub>All advertised rates are current as of the date displayed and are subject to change without notice. All loans are subject to the lender’s receipt and approval of a completed loan application. AAA Advantage Student Loans are available to international students who apply with an eligible cosigner who is a U.S. citizen or permanent resident alien. It is not available to students or cosigners whose permanent residency state is Iowa or Wisconsin.

SunTrust Bank, Member FDIC. © 2018 SunTrust Banks, Inc.

The creditor for this program is SunTrust Bank.  SunTrust Bank reserves the right to change or discontinue this AAA Advantage 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 AAA Advantage 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. SunTrust is a federally registered trademark of SunTrust Banks, Inc. and is used with the permission of SunTrust Bank.</sub>