SunTrust Bank Student Loan Complaint

Non-federal student loan Dealing with my lender or servicer

SunTrust Bank Student loan department,

Non-federal student loan Dealing with my lender or servicer District of Columbia

SunTrust Custom Choice advertises a graduation reward in the form of a 1 % reduction in principal. In their own legal disclaimer, the terms I expect SunTrust to adhere to are a : 1 % principal reduction based on the net disbursed loan amount. A net disbursement total of $46000.00 was provided for this degree, so under their own disclaimer they are required to credit $460.00 toward my remaining loans as I have satisfied all obligations to be eligible for this reward. Their loan servicer, -, is claiming that because I paid - of the - individual loans off already, that I am only eligible for a principal reduction on the - loans that still have balances on them. Nowhere is this stipulation in any contracts or disclaimers I signed. The amount they are trying to short me totals $280.00. They are essentially punishing me for being a responsible borrower. I would like CFPB to enforce SunTrust 's contractual obligation and ensure that I receive 100 % of what I am owed - $460.00.

SunTrust Bank customer in District of Columbia
Jun 18, 2015

* Source: CFPB Complaint Database

SunTrust Bank response to complaint:
Closed with monetary relief

Created with Highcharts 4.2.3SunTrust BankComplaint HistoryComplaints4/20146/20147/20146/20158/20159/20151/201600.511.522.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3SunTrust BankDealing with my lender or servicer88.9%11.1%Closed with explanationClosed with monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageDealing with my lender or servicer0.7%81.6%6.3%9.6%1.9%0.1%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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