The PNC Solution Loan for Undergraduates may be your answer to meeting the rising costs of a college 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% depending upon creditworthiness of borrower and co-signer (if any) and is adjusted quarterly*
• 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
• Three different repayment options are available, including deferred payments until you graduate or you leave school
• 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

• An undergraduate 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
• Able to meet the credit guidelines listed below
  Please note: A co-signer is typically required for undergraduate students; a credit-worthy co-signer is required for 17-year-old students

Credit Guidelines

• You or your co-signer, if any, are credit-worthy
• You or your co-signer, if any, have a satisfactory credit history, residence and employment history of at least two years
• You or your co-signer, if any, have proof of current income
• If you or your co-signer, if any, are self-employed, have been in business for at least two years
• You and your co-signer, if any, are 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.