The Federal PLUS Loan is a credit-worthy loan for the parent or legal guardian of a dependent student or a graduate student who has borrowed the maximum amount of Stafford Loan assistance. Borrowers may request up to your cost of education less all other financial aid received. Repayment normally begins within 60 days after the first disbursement of the loan, however both students and parents may defer their loan repayment.

Benefits

• A 0.25% interest rate reduction for automatic payment deduction*
• A deferment option is available**
• An extended repayment option may be available

* The interest rate reduction for automatic payment deduction will be lost if automatic payment deduction is discontinued. Benefits are effective for loans first disbursed on or after 11/1/08.

** Deferred option: When you need it most, PNC Bank can assist you by delaying your PLUS Loan payments while your student is enrolled at least half-time. Contact us for more information.

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 e-mail at eduloans@pncbank.com.

Please note: 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 including the federal government. The interest rate and term of the loan will not change if a loan is sold. PLUS loan benefits are effective for loans first disbursed on or after 11/1/08. Federal PLUS Loans are subject to credit approval.