• The variable interest rate is based upon the LIBOR index plus a margin ranging from 2.25% to 8% depending on the creditworthiness of the borrower or 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
• Receive a preliminary decision for a loan within minutes of applying online
• You may defer principal and interest payments for up to 24 months*
• No prepayment penalties or repayment fees
• Borrow up to $20,000 annually (Subject to a $40,000 aggregate borrowing maximum)
• Interest may be tax deductible (consult your tax advisor)
• Funds are sent directly to the borrower (can be co-payable to co-borrowers or the school)
• A 0.25% interest rate reduction is available if you elect automatic payment deduction from a bank account*

* 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

• Enrolled less than half-time at an approved institution
• Student and co-signer, if any, must be a U.S. citizen or a permanent resident
• Meeting the credit guidelines listed below
  Please note: A co-signer may be required.

Credit Guidelines

• You or your co-signer, if any, are credit-worthy, and
• 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

Please note: PNC Bank reserves the right to modify, expand or discontinue the discount terms of these programs 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. PNC Solution Loans are serviced by American Education Services (AES).