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SunTrust Banks announces refinance option under Monogram-based loan program

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SunTrust Banks announces refinance option under Monogram-based loan program

SunTrust Banks Inc.and First Marblehead Corp.have announced that SunTrust's Monogram-based loan program will offer an in-schoolrefinance option.

Under the option, borrowers will be able to refinance eligibleprivate student loans, regardless of their original lender, into a new SunTrustprivate student loan.