The PNC Solution Loan for Graduate Students may be your answer to meeting the rising costs of a graduate school education. It's quick, easy and affordable!

Program Features

• The variable interest rate is based upon the LIBOR index plus a margin ranging from 2.25% to 8%, and is adjusted quarterly. The interest rate margins vary, depending on the creditworthiness of the borrower or co-signer (if any).*
• Loan origination fees are based on the creditworthiness of the student borrower and the co-signer (if any), and range from 0% to 6% of the total loan amount (requested loan amount plus the origination fee)
• Use the funds for any education-related expense
• Apply up to 60 days after the end of the school term
• Receive a preliminary decision for a loan within minutes of applying online
• Defer payments until six months after you graduate or leave school*
• No prepayment penalties or repayment fees
• Borrow up to the cost of your education, less any financial aid received ($65,000 annual cap)
• Borrow up to $25,000 annually with no income or employment requirement
• Interest may be tax deductible (consult your tax advisor)
• Funds are sent directly to the school and can be disbursed within five business days of final approval
• A 0.25% interest rate reduction is available if you elect to have your monthly payments automatically deducted from your bank account*
• A co-signer release option is available to borrowers after the initial 48 consecutive on-time monthly payments and subject to credit approval*

* View important disclosure and repayment information. Interest will continue to accrue during periods of deferment. The interest rate reduction benefit is lost if automatic payment deduction is discontinued. To release a co-signer from the loan after 48 consecutive payments, the borrower must request a co-signer release and pass a credit check.

Eligibility

• A graduate or professional student in a degree or certificate program
• Enrolled at least half-time as determined by your school
• Student and co-signer, if any, must be a U.S. citizen or a permanent resident
• Meeting the credit guidelines listed below

Credit Guidelines
There are two credit options available for this program: credit-ready and credit-worthy.

If you are applying as a credit-ready applicant, on your own signature, you will need:

• to have a good credit history
• to be a U.S. citizen or permanent resident

• a satisfactory credit history of at least two years
• proof of current income
• if self-employed, to have been in business for at least two years
• to be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years

PNC Bank reserves the right to modify, expand or discontinue the discount terms of this program at any time without notice. Loans may be sold to other financial organizations, however the interest rate and term of the loan will not change if a loan is sold. PNC Solution Loans are subject to credit approval.