Grove City College
Student Loan

An affordable way to finance your education from PNC Bank.

 

Apply Now[1]

A convenient online application process.


Have Questions?

Check out the Grove City Financial Aid page to learn more about Student Loans.


The Grove City College Student Loan is not being offered or made by Grove City College, but by PNC Bank, National Association.

As one of the nation’s largest originators of student loans, PNC Bank has been helping students invest in their future for more than 40 years.

To help you and your family meet the expected costs associated with a Grove City College education, we present the PNC Bank Grove City College Student Loan.

The Grove City College Student Loan offers students:

  • No application or origination fees
  • Variable rate loan interest rates range from 4.90% with a co-signer to 6.20% without a co-signer (APRs from 4.77% with a co-signer to 5.99% without a co-signer)[2]
  • A 15 year repayment term[3]
  • Interest may be tax deductible; consult your tax advisor

View loan application and solicitation disclosure.

What You Need to Apply

Before you start your application

You (and your co-signer, if applicable) will need to provide personal information like:

  • Social Security number, driver's license (or State ID), date of birth.
  • Home phone number, home address and the number of years you lived there.

You'll also need specifics around the school:

  • School's name and your intended major. 
  • Academic term(s) that the loan will cover (full year, one semester, etc.) as well as expected graduation date.

All set? Apply today

More information you'll need

You'll also need employment information for you (and the co-signer, if applicable)

  • Name of employer, address, length of employment and phone number.
  • Income documentation (if applicable) and any additional sources of income.
  • Email for your co-signer (if applicable).

Questions? Call 1-800-762-1001

Grove City Student Loan Repayment Example


Example 1:

 

WITH CO-SIGNER

WITHOUT CO-SIGNER

Loan Amount

$12,000

$12,000

Variable Interest Rate[2]

4.90%

6.20%

APR[5]

4.77%

5.99%

Principal Amount of Loan at Repayment[6]

$14,107.00

$14,666.00

Monthly Principal and Interest Payment

(after deferral period)[7]

$111.05

$125.67

Loan Term

180 months

(15 years)

180 months

(15 years)

Total Paid Over 180 Months[8]

$19,989.00

$22,620.60


 

Example 2:

 

WITH CO-SIGNER

WITHOUT CO-SIGNER

Loan Amount

$17,000

$17,000

Variable Interest Rate[2]

4.90%

6.20%

APR[5]

4.77%

5.99%

Principal Amount of Loan at Repayment[6]

$19,984.62

$20,776.83

Monthly Principal and Interest Payment

(after deferral period)[7]

$157.32

$178.03

Loan Term

180 months

(15 years)

180 months

(15 years)

Total Paid Over 180 Months[8]

$28,317.60

$32,045.40

 

Have Questions?

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

Call Us

1-800-762-1001

Monday - Friday: 8am – 5pm ET
 

NOTE: While the Grove City College Student Loan is a private student loan option that might meet your needs, there are other programs available from a variety of lenders. Check the Other Loan Sources section of the Student Loan page of the Grove City College Financial Aid Website for information on other private student loan programs.

Important Legal Disclosures and Information

  1. When you are applying for the Grove City College Student 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. All borrowers will need their financial aid award letter.

  2. Variable interest rates are equal to the London Interbank Offered Rate (LIBOR) index plus a margin of 3.30% with a cosigner and 4.60% without a cosigner. The LIBOR index, adjusted quarterly, is equal to the average of the one-month LIBOR rates as published in the “Money Rates” section of the Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding each quarterly adjustment date. The current index is 1.60%. Variable interest rates are currently 4.90% with a cosigner and 6.20% without a cosigner.

  3. Repayment examples are for illustrative purposes only. Estimated figures are based on full deferment of principal and interest for a four-year school term with a six-month deferment period upon graduation – disbursement date of 1/15/2018, graduation date of 5/15/2021, loan entering repayment 11/15/2021, and first payment due 12/30/2021. Actual rate and payment may vary based upon interest rate, loan amount, repayment term and if there is a co-signer. The loan terms described are applicable to the 2017-2018 academic year and are subject to change. Rates disclosed are effective as of 4/1/2018. The Grove City College Student Loan is subject to credit approval.

  4. During repayment, an interest rate reduction of 0.50% is available for automated payments once you are no longer attending school on at least a half-time basis. 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.

  5. Annual percentage rate (APR) is a measure of what a loan will cost and takes into account the interest rate, loan amount, repayment term and the timing of all payments. Variable rate APRs are currently 4.77% with a cosigner and 5.99% without a cosigner.

  6. Principal loan amount at repayment is the loan amount at disbursement plus interest that accrues during the deferment term. Deferred interest is capitalized (added to principal) at the time the loan enters repayment. 

  7. Estimated monthly payment examples are based on the loan amount, rate and repayment term. Payment example for repayment of principal and interest assumes the borrower remains in school for 37 months with a 6-month grace period prior to entering repayment. All examples assume 30 days to first payment upon entering repayment. For a variable rate loan, the monthly payment may increase or decrease if the interest rate increases or decreases. Minimum monthly payments will be $50.

  8. Total paid is the estimated amount of the loan upon repayment of the principal and interest over the term of the loan.

PNC reserves the right to modify or 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. Loans made through the Grove City College Student Loan Program are subject to credit approval.

Rates effective 4/1/2018. These repayment examples are for illustrative purposes only, and are estimated figures based on full deferment of principal and interest. These examples are based on a four-year school term with a six-month deferment period upon graduation -- disbursement date of 4/15/2018, graduation date of 5/15/2021, loan entering repayment 11/15/2021, and first payment due 12/30/2021.

 

You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.

PNC does not provide accounting, tax or legal advice.