PNC National Stafford Loan Program

Benefits

• No default fee†
• 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

† The federal default fee will be waived if the participating guarantee agency selected by the lender will pay the fee.

** 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 disbursed on or after 5/23/08.

To apply, please submit the loan request form through St. Petersburg College first. If you select PNC Bank, you will return to this page to complete your Master Promissory Note.

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 including the federal government. The interest rate and term of the loan will not change if a loan is sold. Stafford loan benefits are effective for loans first disbursed on or after 5/23/08.