PNC National Stafford Loan Program
Benefits
- A 0.25% interest rate reduction for automatic payment deduction 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 disbursed on or after 5/23/08.
Application Process
Texas Tech University uses a preferred process called Loans by Web™. All Stafford Loan borrowers – new or continuing – must complete this process each time a loan is certified for any period of enrollment.
Once a student has received their award notice from Texas Tech University, the loan certification will be completed by the Office of Financial Aid within five to seven working days. At that time, the student borrower will be instructed to visit the Loans by Web™ site to complete the loan application process.
For more information, visit the Office of Financial Aid at www.financialaid.ttu.edu.
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.
