Student Loan FAQs

Answers to most frequently asked questions from borrowers.

Private Student Loans

Should I choose a Fixed or Variable Rate?

A Fixed Rate does not change during the life of the loan. A Variable Rate changes during the life of the loan and it is based on an index that changes plus a fixed margin. The PNC Solution Loan® variable rate is based on the Prime Rate index.

All rates are based on the creditworthiness of the borrower and cosigner at the time of application.

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Refinancing

How does student loan refinancing work?

When you refinance student loans, you can 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.

Educational Lending Insights

Borrow

When is the Best Time to Buy a Car in 2022?

Timing can be an important factor in the car buying process. Learn when the best time to buy a car is and how timing can impact your decision making.

4 min read

Borrow

First Time Car Buyer's Guide: What to Know Before You Buy

Buying your first car can be intimidating. Our guide can help you understand what financing options are available and how apply for a loan.

9 min read

Borrow

Interest Rates: What They Are and How They Work

You've probably heard of interest. But what exactly are interest rates, and how do they affect you?

3 min read

We're Here to Help

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Important Legal Disclosures & Information

You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan. PNC Solution Loans and PNC Education Refinance Loans are subject to credit approval. Certain restrictions and conditions apply.

PNC does not provide accounting, tax or legal advice. Financial literacy content and interactive calculators are provided for educational, informational and illustrative purposes only. The utilization of calculators and any results displayed do not represent an offer or solicitation for a product or service by PNC Bank or its affiliates. PNC does not guarantee the accuracy or applicability of these resources to your circumstances. Please consult a financial, tax or legal advisor regarding your specific situation. 

PNC Solution Loan is a registered mark of The PNC Financial Services Group, Inc.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.