PNC Bank makes the Federal Stafford Loan more affordable for residents of Pennsylvania and out-of-state students attending schools located in Pennsylvania.

Benefits

• No default fees
• A 0.25% interest rate reduction for automatic direct debit of payment from any bank account*
• Combined billing for multiple loans
• Single point of customer service for the life of the loan
  

* To maintain the interest rate reduction benefit, all payments must be directly debited from a bank account. If automatic payment is stopped, the rate reduction benefit is lost and the rate will revert to the government-set rate for all Federal Stafford Loans. Benefits are effective for loans guaranteed on or after 5/23/08.

How to Apply
Students must complete a Free Application for Federal Student Aid (FAFSA) to determine aid eligibility, and a Federal Stafford Loan Master Promissory Note (MPN).

Borrower Eligibility

• Pennsylvania residents attending any school approved by the U.S. Department of Education, regardless of the location of the school
• Out-of-state residents attending any U.S. Department of Education-approved school located in Pennsylvania
• No income requirement
• Must meet the standard Stafford eligibility requirements
• Be a U.S. citizen or eligible non-citizen
• Be accepted for enrollment in a participating school; or if enrolled, be making satisfactory progress
• Be classified as at least a half-time student and working toward a degree or certificate
• Not be in default on an education loan or owe any education grant refund
• Be registered with the Selective Service, if required
• Have financial need in order to receive a Federal Stafford Loan

For more information, contact our customer service center to speak with an education loan specialist at 1-800-762-1001, 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.