Through the PNC Bank Manageable PLUS Program, borrowers may be eligible to receive an interest rate reduction. A delayed repayment option is also available.

Benefits

* The interest rate reduction benefit will be lost if a loan payment is received more than 15 days after the scheduled due date. The interest rate reduction for automatic payment deduction will be lost if automatic payment deduction is discontinued.

** Delayed repayment option: When you need it most, PNC Bank can assist you by delaying your PLUS Loan payments while your student is enrolled at least half-time, for up to four academic years.

When you receive your repayment disclosure, if you feel that immediate repayment may cause temporary hardship, you may call PNC Bank and apply for a temporary hardship forbearance. Forbearance can be granted for no more than twelve months at a time. Therefore, if you wish to extend the forbearance, you must submit a new request each year for a maximum of four academic years.

How to Apply
In some cases the school may require the student to complete the Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA. You must also complete a Federal PLUS Loan Application and Master Promissory Note (MPN).

• Complete the FAFSA or Renewal FAFSA
• Apply now for a Federal PLUS Loan
• Apply by phone – call 800-762-1001, and press 5 when prompted
• Download a Federal PLUS Loan Master Promissory Note

To qualify for the PNC Bank Manageable PLUS Program, the applicant must meet the credit eligibility requirements established by the U.S. Department of Education.

For more information, contact our customer service center to speak with one of our education loan specialists at 800-762-1001, Monday through Thursday from 8am to 9pm and Friday from 8am to 6pm Eastern time.

PNC Bank reserves the right to modify offered interest rates, fees and borrower benefits at any time without notice.