Pnc College Loans: What Students Need To Know

PNC Bank offers a range of financial products to help students finance their education, including student loans, refinancing options, scholarships, and grants. The bank provides private student loans for undergraduate and graduate study, professional degrees, health profession residencies, and bar exam study, with no application or origination fees. Additionally, PNC offers refinancing options for borrowers who want to refinance their existing student loans or have not yet completed their degrees. The bank also provides scholarships and grants, such as the PNC Solution Loan Scholarship, to eligible students enrolled in PNC Solution Loan-eligible colleges or universities.

PNC Solution Loan

PNC Bank offers student loans for undergraduate and graduate study, professional degrees, health professions residencies, and bar exam study, with no application or origination fees. The bank also offers refinancing options for student loans.

The PNC Solution Loan is a private loan with several features. Firstly, it offers three repayment options: immediate repayment of principal and interest, interest-only payments while in school, and full deferment of principal and interest until six months after graduation or ceasing to be enrolled at least half-time in school. Secondly, it provides a 0.5% interest rate discount for automated payments. Thirdly, applicants for the PNC Solution Loan must meet certain requirements, including having "satisfactory" credit, providing employment information, and having a qualifying debt-to-income ratio. Finally, the loan limits for the PNC Solution Loan may go up to the school-certified cost of attendance minus financial aid for well-qualified applicants, with specific limits depending on the program and level of study.

PNC also offers scholarships for eligible students through its Financial Literacy program. These scholarships are open to students enrolled at least half-time in a PNC Solution Loan-eligible college or university who are 18 years of age or older. Six $2,000 college scholarships are awarded twice each calendar year.

PNC Education Refinance Loan

PNC Bank offers student loans for undergraduate and graduate study, professional degrees, health professions residencies, and bar exam study, with no application or origination fees. It also offers refinancing for student loans, known as the PNC Education Refinance Loan. This loan is a private loan and is specifically designed for refinancing qualified higher education expenses at an accredited U.S. undergraduate or graduate school.

The PNC Education Refinance Loan allows borrowers to refinance any loans taken out for educational purposes. Borrowers can choose between fixed or variable-rate refinance loans and select from five-, 10-, 15- or 20-year terms. If a borrower chooses to return to school, they may be eligible to submit an in-school deferment request for up to 36 months as long as they remain enrolled.

PNC borrowers and their co-signers must be U.S. citizens or permanent resident aliens, and students must attend school at least half-time. The lender does not disclose a minimum credit score, but applicants and co-signers for a PNC loan must have satisfactory credit, provide employment information, and have a qualifying debt-to-income ratio, among other requirements. Applicants for the PNC Education Refinance Loan also need to receive credit approval and provide personal information, including employment details.

PNC offers competitive interest rates and a co-signer release after 48 months of on-time payments. Borrowers who agree to automatic payments will receive a 0.5% rate discount. PNC also has fairly flexible refinancing requirements, allowing student loan refinancing for borrowers who have not yet earned their degree. However, it is important to note that if you refinance your federal loans through the PNC Education Refinance Loan, you may lose certain federal benefits, such as income-contingent repayment or income-based repayment options, deferment, forbearance, and loan forgiveness.

PNC Grow Up Great

PNC Bank offers a range of student loans for undergraduate and graduate study, professional degrees, health professions residencies, and bar exam study. The bank also provides student loan refinancing. PNC's interest rates are competitive, but the loan limits are low. The bank has a bad rating on Trustpilot, but it is rated A+ by the Better Business Bureau.

PNC is also engaged in several community efforts, including financial literacy programs and PNC Grow Up Great, which supports early childhood education. For 20 years, PNC Grow Up Great has helped children from birth to age 5 discover their love of learning. It is a $500 million, multi-year, bilingual initiative that offers high-quality programs, resources, and experiences to plant the seeds for a lifetime of opportunities.

PNC employees have also designed, built, and filled Little Free Libraries, assembled tricycles and wagons to be donated to Child Care Resources, and facilitated book drives, school visits, and volunteer events during Great Month in April.

PNC Financial Literacy programs

PNC offers a range of financial literacy programs to help students and their families navigate the complex world of college finances. From understanding the costs of higher education to exploring financial aid options, PNC is committed to helping students make informed decisions about their future.

One of the key programs offered by PNC is the Financial Literacy Account, which is designed to help students enrolled in eligible colleges and universities. By creating this account, students can access information about scholarships, grants, and federal borrowing options. The account also provides educational content and interactive calculators to help students and their families assess their financial needs and explore different repayment options.

PNC also offers the PNC Solution Loan, which is a private student loan designed for both full-time and part-time students. This loan offers competitive interest rates and a co-signer release option, making it a flexible choice for borrowers. Additionally, borrowers who sign up for automatic payments receive a 0.5 percentage point interest rate reduction, which can result in significant savings over the life of the loan.

In addition to the Solution Loan, PNC provides the PNC Education Refinance Loan, which allows borrowers to refinance any existing loans taken out for educational purposes. This loan offers both fixed and variable rate options, as well as flexible repayment terms ranging from 5 to 20 years. Borrowers can also request an in-school deferment for up to 36 months if they decide to continue their education.

PNC is dedicated to supporting students in their pursuit of higher education. Through its financial literacy programs and private student loan options, PNC helps students secure the financial resources they need to achieve their academic goals. By providing transparent information and a range of financial tools, PNC empowers students to make informed decisions about their future.

PNC Student Loan interest rates

PNC Bank offers private student loans for undergraduate and graduate study, professional degrees, health professions residencies, and bar exam study. The bank also offers refinancing options for student loans.

PNC's interest rates are considered low, and the bank offers competitive APRs. The advertised rates include a 0.5% automated payment interest rate discount. This discount is available for borrowers who agree to automatic payments and will be applied at the time the automatic payment is established. If the automatic payment is discontinued, the discount will be removed and the rate will increase by 0.5%. The lowest APRs are available to well-qualified applicants.

PNC offers three repayment options with the PNC Solution Loan:

• Immediate repayment of principal and interest
• Interest-only payments while in school
• Full deferment of principal and interest for six months after graduation or if enrollment drops below half-time

For borrowers and their co-signers to be eligible for a PNC Solution Loan, they must be U.S. citizens or permanent resident aliens, and the student must attend school at least half the time. The lender does not disclose a minimum FICO credit score, but applicants and co-signers must have "satisfactory" credit, provide employment information, and have a qualifying debt-to-income ratio.

PNC also offers refinancing options for student loans, known as the PNC Education Refinance Loan. Borrowers can choose between fixed or variable rate refinance loans and five-, 10-, 15- or 20-year terms.

Frequently asked questions