Education Refinance Loan

One Lender, One Monthly Payment

Simplify your college or grad school debt repayment-- find out how you could lower your monthly payment or shorten your term by refinancing[1].

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Key Advantages
Simplify Repayment

You can combine multiple payments and may lower your monthly payments by extending the term on your student loans.[1]

Choose Your Interest Rate: Fixed or Variable

Enjoy flexibility with your rate structure.

Ways to Save

No application or origination fees. Also, get 0.50% off your rate with automated payments from your checking or savings account.[3]

PNC Simplifies Student Loan Repayment

Manage your student loan debt with the PNC Education Refinance Loan – available for qualified borrowers who wish to combine their federal and/or private student loans into a single payment.

Learn if refinancing is right for you by checking out the benefits and eligibility requirements below.

Features and Benefits

  • Combining higher interest federal and private student loan debt into a single monthly payment[1]
  • 0.50% rate discount on your refinanced loan when you set up automated payments from your checking or savings account[3]
  • A co-signer release option available after 48 consecutive on-time monthly payments[4]
  • Financial independence by refinancing without a cosigner
  • Convenient online application
  • Outstanding debt will be forgiven upon the death of the borrower
  • Interest may be tax deductible; consult your tax advisor

Please be aware of any loss of Federal benefits that comes with refinancing your Federal student loans.[5]

Product Details

Borrow from $10,000 to $75,000 at a 10-year or 15-year repayment term.
Choose a fixed or variable rate which currently range from:

View Repayment Examples


To be eligible for our Education Refinance Loan, you must:

  • Be repaying federal and/or private student loans for at least 24 months[7]
  • Have a satisfactory credit profile
  • Be a U.S. citizen or permanent resident.
  • Have lived in the U.S. for the previous two years. 
  • Have two years of continuous income or employment history

Application Materials Checklist

To complete the application, we will need your:

  • Social Security number
  • Telephone numbers
  • Current addresses (home address and school address)
  • Lender’s names, account numbers, outstanding balances, monthly payments and interest rate type (fixed or variable) for each loan. Your most recent monthly billing statement will have all of this information.
  • Gross income information

To find out information about your existing student loans, please contact your lender or access information about federal student loans through the U.S. Department of Education National Student Loan Data System (NSLDS).

Calculate: Possible Savings with a PNC Education Refinance Loan
Refinancing FAQs

How does student loan refinancing work?

When you refinance student loans, you replace an existing loan or loans with a new loan that has new terms, including a new interest rate, monthly payment amount and repayment term.

Have Questions?

If you have any questions, our customer service consultants are available to assist you.

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Monday - Friday: 8am – 5pm ET

Important Legal Disclosures and Information

  1. Refinancing at a longer repayment term may lower your loan payments, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your loan payments, but may lower the total interest paid over the life of the loan. For example, if you have a 15-year loan that matures in 10 years and you refinance for another 15 years at a lower rate, your payments will be lower but you will pay interest for an additional 5 years. Contact us to discuss the option that best meets your needs.

  2. When you are applying for a PNC Education Refinance Loan, you will be transferred to the website of one of our service providers. A list of information required to successfully complete your application will be provided during the application process. Borrowers and co-signers will need personal and income information including a driver’s license or state ID.

  3. During repayment, an interest rate reduction of 0.50% is available for automated payments. You must be making scheduled payments through servicer American Education Services (AES) that include both principal and interest from your checking or savings account. If automatic payment is discontinued, you will no longer receive an automatic payment discount. Discount may be suspended during periods of forbearance. A federal regulation limits the number of transfers that may be made from a savings or money market account. Please contact your financial institution for more information on transfer limitations on savings accounts.

  4. A request to release a co-signer requires that, as of the date of the request, you have made at least forty-eight (48) consecutive timely payments of principal and interest with no periods of forbearance or deferment within the forty-eight (48) month timeframe. “Timely payment” means each payment is made no later than the 15th day after the scheduled due date of the payment. “Consecutive payment” means the regularly scheduled monthly payment must be made for forty-eight (48) months straight without any interruption. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check.

  5. Certain Federal Benefits Will Be Lost or Not Available: If you refinance your federal loans through this PNC Education Refinance Loan, you will lose or not be able to select other payment plans available to federal student loan borrowers, such as income contingent repayment or income based repayment. In addition, federal student loans offer deferment, forbearance and loan forgiveness options that may not be available under a PNC Education Refinance Loan. Please compare your current benefits with this program to ensure any loss of existing benefits is fully understood.

  6. View important disclosure and repayment information for the PNC Education Refinancing Loan. Loan maximum: $75,000.

  7. Qualifying federal and private loans must have been used only for qualified higher education expenses at an accredited U.S. undergraduate or graduate school.

PNC reserves the right to discontinue any or all terms of this program at any time without notice. Loans may be sold to other financial organizations; however, the interest rate and term of the loan will not change if a loan is sold. The PNC Education Refinance Loan is subject to credit approval.

PNC does not provide accounting, tax or legal advice. Any calculators provided are intended for educational and estimation purposes only, and their accuracy is not guaranteed. The calculators, and any results displayed, do not constitute the advice of, or reflect actual products, services, rates and/or terms available from PNC Bank or its affiliates, and nothing contained in the calculators shall constitute an offer or solicitation of a product or service by PNC Bank or its affiliates.