The PNC Solution Loan for Undergraduate and Graduate Students

An alternative to financing your education at The University of the Incarnate Word

You've already made the grades to get into The University of the Incarnate Word, now, how do you meet the costs? The PNC Solution Loan may be your answer.

• The variable interest rate is based upon the LIBOR index plus a margin ranging from 2.75% to 8.75% 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 9% 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*

* 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.

Debating whether the PNC Solution Loan or a Manageable PLUS Loan is right for you? Learn more about these loans.

PNC Bank reserves the right to modify offered interest rates, fees and borrower benefits at any time without notice.