CFS Suntech used to offer private student loans. However, as a result of an acquisition by Chase, Suntech no longer exists as an independent brand. Chase essentially subsumed the the old Suntech brand, and now Suntech student loans are nonexistent. Chase, in turn, shut down their private student loan program some time after acquiring the Suntech program.
Since these loans are no longer available, borrowers should look elsewhere when in need of funding for college.
While Suntech student loans used to be a relatively popular option among student borrowers, the program’s shutdown has made it necessary to shop around for other student loan options. Here’s the quick rundown on how you should search for student loans:
- Borrow federal loans first: since federal student loans are more borrower friendly, generally have lower interest rates, and more flexible repayment terms than private student loans, these are the loans to pursue first. If you exhaust your federal loan limits and still need money, look to private loans as an option, in lieu of Suntech student loans.
- Compare your loan options: if you’re considering private student loans, it’s important to shop around and compare your options. No two loans are created equal, and different lenders offer different repayment terms. Interest rates vary: some may be fixed, while others may fluctuate, and so forth. Know your options before you settle on one loan.
- Check out our student loan comparison tool: although Suntech student loans are no longer offered, you can look to a variety of other lenders for competitive rates and repayment terms. Our student loan comparison tool should help you search for available options, and compare a variety of different loans that are available to you. If you find a loan you like and that you think is a good match for your financial needs, you can apply for it right there.
Comparing your options and exhausting your federal loan opportunities are the most important aspects of a student loan search, especially when you need to supplement federal funds. Our student loan comparison tool should help you with your loan search.