PNC Bank strongly encourages you to pay the accumulating interest on your unsubsidized loan while you are in school, or if you choose to delay making payments on your loan by requesting forbearance. During such periods, you will receive quarterly interest statements. Paying the interest as it accrues each quarter will save you money over the repayment term of the loan because any accrued interest that you do not pay will be added to the principal balance at the end of the forbearance period.

When the loan re-enters repayment, interest will be calculated on the higher principal balance. Therefore, the total amount you will repay over the life of the loan will increase.

For more information, contact our customer service center to speak with an education loan specialist at 800-762-1001, Monday through Friday from 8am to 6pm Eastern time.