The PNC Solution Loan for Undergraduates and Graduate Students

If Stafford and PLUS Loans don't cover the full cost of your education, the PNC Solution Loan can help
close the gap.

The PNC Solution Loan is an alternative/private loan that provides credit-worthy students and parents the funds needed to finance undergraduate and graduate education. It's quick, easy and affordable!

• 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 loan 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 for the PNC Solution Loan for Undergraduates and the PNC Solution Loan for Graduate Students. 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.

If you have any questions, our customer service consultants are available to assist you.
Please call us at 1-800-762-1001, Monday through Thursday from 8am to 9pm and Friday from 8am to 6pm Eastern time, or send us an email at eduloans@pncbank.com.

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.