PNC Student Refinance Application Process[1]

What to Expect with PNC

Determine If You Are Eligible

View our PNC Education Refinance Loan (PERL) to determine eligibility.

PNC Education Refinance Loan (PERL)

  • Borrower and cosigner, if applicable, must be U.S. citizens or permanent resident aliens.
  • Borrower must be at least the age of majority in their state of residence 
  • Borrowers who have not obtained an associate degree or higher must have made 24 consecutive payments on at least one education loan in the last 2 years.
  • Both borrower and cosigner, if applicable, are subject to credit approval. Additional documentation may be required.
  • The borrower on an individual application and the borrower and cosigner on a joint application, if applicable, must demonstrate current and continuous income.


Student and cosigner, if any, must:

  • Have satisfactory credit and proof of employment and income history
  • Have been in business for at least two years if self-employed
  • Meet debt-to-income requirements

How to Apply


Gather Important Information

Personal information

  • Including Driver's license (or state ID), Social Security number, telephone number, current home address, employment, annual salary, and gross income

Tell us about the school you most recently attended

  • Including school name, address, and the final date of attendance

Tell us about your current loans

  • Including 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

Review and accept your application’s important terms and conditions


Complete Application

  • Enter the loan amount you are requesting
  • Select your rate type: fixed rate or variable rate. A fixed rate will not change over the life of the loan. A variable rate may change based on prime rate or another rate index

Review & Finalize Your Application

  • Submit requested documents in a timely fashion so that we can verify income and verify loan balances quickly
  • Sign the Self Certification
  • Sign the Credit Agreement (legal document that includes the terms of the loan between the borrower and lender)
  • Disbursement sent to the lenders you’re refinancing after the documents are signed

PNC encourages customers and prospects with existing federal student loan debt to carefully consider their options before applying for a refinance loan at PNC. We recommend that you review and have a clear understanding of the federal relief available and how it may impact your situation. When you refinance your existing federal student loan debt with PNC, you may waive current or potential future benefits and protections and replace those with the benefits of the PNC Education Refinance Loan.

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.

Ways to Apply

Apply now to receive a preliminary decision within minutes.[1]

Apply Online

Apply by Phone

Apply in Branch

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