An alternative way to finance your college education —

The PNC Bank National Collegiate Loan for Undergraduates may be your answer to meeting the rising costs of a college education. It's quick, easy and affordable!

Program Features

		The variable interest rate is based upon the LIBOR Index + 3.50% to 7.75%, and is adjusted monthly; view examples of repayment amounts
		Loan origination fees are based on the repayment option selected, the creditworthiness of the student borrower and the co-signer (if any), and range from 3.0% to 10.5% of the total loan amount (requested loan amount plus the origination fee)
		Use the funds for any education-related expense — even to pay off past due balances!
		No application deadlines; apply anytime
		Preliminary decision in as little as 15 minutes of applying online or by phone
		No prepayment penalties or repayment fees
		Borrow from $1,500 up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where TERI has determined that the annual cost of attendance exceeds $30,000)
		Three different repayment options are available, including deferred payments until you graduate or cease to be enrolled at least half time.
		Interest may be tax deductible (consult your tax advisor)
		Funds are sent directly to you in as few as five business days

Eligibility

		An undergraduate student 18 years of age or older in a degree or certificate program
		Enrolled at least half-time as determined by your school
		Making satisfactory academic progress as determined by your school
		An international student with a qualified credit-worthy U.S. citizen or a permanent resident co-applicant
		Meeting the credit guidelines listed below — Please note: A co-signer is typically required for undergraduate students

Credit Guidelines

		You or your co-signer, if any, must have a satisfactory employment history of at least two years (if self-employed, have been in business for at least two years)
		You or your co-signer, if any, must have proof of current income (and you must maintain employment with same employer or in the same field while you are attending school)
		You or your co-signer co-signer, if any, must have a satisfactory credit history of at least 21 months
		You or your co-signer, if any, must be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years, and
		You or your co-signer, if any, must have resided at your most current and immediately preceding addresses for a total of at least one year.
		International students: You can apply with a qualified, credit-worthy U.S. citizen or permanent resident co-signer