The Villanova University Loan is a private, non-Federal education loan provided to students by PNC Bank. It's an easy way for full- and half-time students to pay for tuition and other costs associated with a Villanova education after they have exhausted other options. The program can be used in tandem with the Villanova University Tuition Payment Plan, Federal Stafford and Federal PLUS loans.

Application Process

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I am a new or returning borrower and would like to apply for a Villanova University loan.	I would like to co-sign an existing Villanova University loan application.	I have already applied and would like to check the status of my Villanova University loan.

Don't want to apply online?
Download the Villanova University Loan Application and Master Promissory Note .

Borrower Eligibility
Since the PNC Bank Villanova University Loan is based upon creditworthiness, parents or other credit-worthy individuals often act as co-signers on this loan.

• Students must be enrolled at least half-time in a degree-seeking or certificate program.*
• Both the borrower and co-signer (if applicable) must be U.S. citizens or permanent residents.
• Borrower and co-signer (if applicable) must meet the credit underwriting guidelines.

* Students enrolled in a certificate program must have previously earned a baccalaureate or master's degree.

The PNC Bank Villanova University Loan is based on creditworthiness. We can not guarantee that everyone who applies will qualify. If there is an issue with qualifying, you may call PNC Bank/American Education Services at 1-800-859-5138, Monday through Friday from 7:30am to 9pm Eastern time.

Low Annual Percentage Rate (APR)
The APR for the Villanova University Loan Program is variable and may change quarterly. The interest rate used to calculate the APR is based upon the average of the one-month LIBOR (London Interbank Offered Rate) index as published in the “Money Rates” section of the Wall Street Journal on the first business day of each of the three calendar months immediately preceding each quarterly adjustment date plus either 2.50% (for co-signed loans) or 2.75% (for loans without a co-signer).

Origination Fee
PNC Bank does not charge an origination fee for the Villanova University Loan.

Disbursements
The net loan proceeds are generally disbursed in two installments, one at the beginning of each semester. Disbursements are made through electronic funds transfer (EFT) directly to the school.

Repayment
While the student is enrolled at least half-time at Villanova University, no principal and interest
payments are required. The interest will accumulate and be billed each quarter. The student may choose to pay the interest or allow it to accumulate and then capitalize (be added to the principal balance) after the school deferment ends. Every student will receive a six-month grace period after they drop below half-time, leave or graduate from Villanova University, before payments are required. Once payment begins, the student may have up to 15 years to repay the loan depending on how much is borrowed. Monthly payments will be at least $50.

Borrower Benefits

• An easy-to-use online preliminary approval process
• No penalty for pre-payment
• An available six-month grace period option
• The ability to defer principal and/or interest payments while in school
• One-time capitalization
• A low annual percentage rate (APR)
• A co-signer release option is available after the initial 48 consecutive on-time monthly payments (within 15 days of due date)
• A 0.25% interest rate reduction is available for borrowers who elect automatic payment deduction from a bank account

Debating whether the Villanova University Loan or a Federal PLUS loan is right for you? Learn more about these loans.

Additional information