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 PNC Bank Grove City College Student Loan offers students:

  • No application fees or origination fees
  • Variable rate loan interest rates range from 2.93% with a cosigner to 4.23% without a cosigner (APRs from 2.87% with a cosigner to 4.10% without a cosigner). APRs displayed include a 0.50% discount for automated payments.[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 cosigner, 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 cosigner, 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 cosigner (if applicable).

Questions? Call 1-800-762-1001

Grove City Student Loan Repayment Example


Example 1:[3]

 

WITH COSIGNER

WITHOUT COSIGNER

Loan Amount

$12,000

$12,000

Variable Interest Rate[2]

2.93%

4.23%

APR[5]

2.87%

4.10%

Principal Amount of Loan at Repayment[6]

$13,494.30

$14,157.30

Monthly Principal & Interest Payment

(after deferral period)[7]

$92.85

$106.54

Loan Term

180 months

(15 years)

180 months

(15 years)

Total Paid Over Repayment Term[8]

$16,713.16

$19,178.87


 

Example 2:

 

WITH COSIGNER

WITHOUT COSIGNER

Loan Amount

$17,000

$17,000

Variable Interest Rate[2]

2.93%

4.23%

APR[5]

2.87%

4.10%

Principal Amount of Loan at Repayment[6]

$19,116.93

$20,056.18

Monthly Principal & Interest Payment

(after deferral period)[7]

$131.53

$150.94

Loan Term

180 months

(15 years)

180 months

(15 years)

Total Paid Over Repayment Term[8]

$23,676.97

$27,170.06

 

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
 

Email Us

Get in Touch

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. Application Process: When you are applying for the PNC 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 cosigners will need to provide personal information including a driver's license or state ID, employment and income information. All borrowers will need their financial aid award letter.

    Loan Limits: $12,000 per year freshman and sophomore years; $17,000 per year junior and senior years; $58,000 lifetime cap.

  2. Variable Rates: Variable rates are based on the Prime Rate index plus a margin depending on the creditworthiness of the borrower and cosigner, if any. The Prime index, adjusted monthly, is equal to the Prime Rate as published in the “Money Rates” section of The Wall Street Journal ‘(Eastern Edition)’ on the first business day of the immediately preceding calendar month. The Prime index is currently 3.25%. If the index increases or decreases, your rate will increase or decrease accordingly. The rate will not exceed 18%.

    Rates disclosed are effective as of 6/10/2021 and include the 0.50% interest rate discount for automated payments. Your actual APR will be based on your credit qualification, whether you apply with a cosigner and whether you elect the automated payment feature. Rates subject to change at any time.

    For additional rate and loan cost information view loan Application and Solicitation Disclosure.

  3. Repayment examples are for illustrative purposes only and are based on a four-year school term and six-month deferment period upon graduation before entering repayment. Actual rate and payment may vary.  For a variable rate loan, the monthly payment may increase or decrease if the interest rate increases or decreases.

  4. Automated Payment Discount: During repayment, an interest rate discount of 0.50% is available for automated payments. Borrower must be making scheduled payments that include both principal and interest. Interest-only payments do not qualify for the 0.50% interest rate discount. Automated payment can be established through the loan servicer American Education Services (AES).  Advertised rates include the 0.50% automated payment interest rate discount.  The rate discount will be applied at the time automated payment is established. If automated payment is not established, the available rates will be 0.50% higher than the advertised rates. If automated payment is established and discontinued at any time during repayment, the borrower will no longer receive an automated payment discount and the rate will increase by 0.50%. Discount may also be suspended during periods of forbearance or deferment. Payments may be made from a checking or savings account. PNC limits the number of transfers that may be made from a savings or money market account.  Please see your account agreement for more information.

  5. Annual Percentage Rate (APR) is a measure of what a loan will cost and takes into account the interest rate, fees (if any), loan amount, repayment term, repayment option (whether payments are deferred) and the timing of all payments. As a result, the APR may be higher or lower than the interest rate. 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. 

  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. Monthly Principal & Interest Payment is the estimated payment based on the loan amount, interest rate and repayment term disclosed in the chart. Payment example for repayment of principal and interest assumes the borrower remains in school for 45 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 repayment term.

Loans made through the PNC Grove City Student Loan Program are are subject to credit approval. Certain restrictions and conditions apply. 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. 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. 

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