Refinance Student Loans

Simplify your college or grad school debt repayment with PNC's Education Refinance Loan (PERL).[1]

Apply Now

Resume Saved Application

Refinance Rates
Why Refinance
What You Need to Apply
Calculate Payment
Apply Now

Rate Ranges for the PNC Education Refinance Loan[2]

  5 Year[2] 10 Year[2] 15 Year[2] 20 Year[2]
Fixed APRs 5.79% - 12.04%
 5.89% - 12.14% 6.29% - 12.54%
 6.49% - 12.74%
Variable APRs 6.69% - 12.94% 7.44% - 13.69%
 7.64% - 13.89% 7.74% - 13.99%

Rates include a 0.50% discount for automated payments.[3] 20 year term available for loan amounts over $75,000. Maximum loan amounts vary by degree attained.[4] Lowest rates are available to well-qualified applicants. View loan Application and Solicitation disclosure

  5 Year[2] 10 Year[2] 15 Year[2] 20 Year[2]
Fixed APRs 5.79% - 12.04%
 5.89% - 12.14% 6.29% - 12.54%
 6.49% - 12.74%
Variable APRs 6.69% - 12.94% 7.44% - 13.69%
 7.64% - 13.89% 7.74% - 13.99%

Rates include a 0.50% discount for automated payments.[3] 20 year term available for loan amounts over $75,000. Maximum loan amounts vary by degree attained.[4] Lowest rates are available to well-qualified applicants. View loan Application and Solicitation disclosure

  5 Year[2] 10 Year[2] 15 Year[2]
Fixed APRs 6.24% - 12.49% 6.34% - 12.59%
 6.74% - 12.99%
Variable APRs 7.14% - 13.39%
 7.89% - 14.14%
 8.09% - 14.34%

Rates include a 0.50% discount for automated payments.[3] Maximum loan amounts vary by degree attained.[4] Lowest rates are available to well-qualified applicants. View loan Application and Solicitation disclosure

  5 Year[2] 10 Year[2] 15 Year[2]
Fixed APRs 8.29% - 14.54%
 8.39% - 14.64%
 8.79% - 15.04%
Variable APRs 9.19% - 15.44%
 9.94% - 16.19%
 10.14% - 16.39%

Rates include a 0.50% discount for automated payments.[3] Maximum loan amounts vary by degree attained.[4]
Lowest rates are available to well-qualified applicants. View loan Application and Solicitation disclosure

Start Your Application Today

Apply Now

Resume Saved Application

Refinancing Your Student Loans with PNC

Refinancing your existing student loans allows you to combine multiple loans into a single loan, making payments more manageable. You may be able to save on interest over the life of your loan or lower monthly payments. That means greater financial flexibility to meet your goals.

Combine Loans into a
Single Monthly Payment[5]

Simplify your payments when you combine your loans. You may be able to refinance multiple student loans into a single loan.

You’ll save time by making one payment each month instead of several. Plus, it's easier to remember a single payment date (not to mention a single online password) — so you don't have to worry about missing one.

Reduce Monthly
Payments[6]

Need more money to meet your budget needs? Refinancing now into a longer term loan can help lower your monthly payments and add flexibility to your budget.

Maybe you just need a little extra financial breathing room each month to feel comfortable. Lowering your monthly student loan payment may be the solution to ease your mind.

Pay Off Loans Faster[6]

Paying off your student loan early could put you in a stronger financial position. 

A shorter repayment term reduces the lifetime of the loan to help you meet your financial goals.

Take Control of Your Financial Future

Whether you want to buy a home, invest in the stock market or save for retirement, refinancing your student loan debt today may help you prepare for what's ahead.

Features & Benefits

  • Combine higher interest federal and private student loan debt into a single monthly payment.[5]
  • 0.50% rate discount when you set up automated payments from your checking or savings account.[3]
  • For cosigned loans, a borrower can apply for a cosigner release after 48 consecutive timely monthly payments (or fewer, if required by applicable state law).[7]
  • 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]

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.

Ways to Apply

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

Apply Online

Apply Now

Apply by Phone

Call 1-800-762-1001

Apply in Branch

Find a Branch

Simplify Your Student Loan Repayment

Refinance Requirements

Eligibility Criteria: 

  • Borrower must be a US citizen, permanent U.S. resident alien (with Green Card), or non-permanent resident alien (with a Visa). The cosigner, if applicable, must be a U.S. citizen or permanent U.S. resident alien.
  • Borrower must be at least the age of majority in his or her 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.
  • Qualifying federal and private loans must have been used only for qualified higher education expenses at an accredited U.S. undergraduate or graduate school.

Application Materials Checklist

What You Need To Apply:

  • Provide personal information
    • Including 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 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

See Rates & Payments Information for PNC's Education Refinance Loan

Use the calculator below to see different rates and payment examples for PNC's Education Refinance Loan.

Iframe Container Code

 

Student Loan Insights

Borrow

What is Student Loan Deferment?

Learn about student loan deferment and its benefits. Explore types like economic hardship and in-school deferments and find out which suits you.

5 min read

Borrow

What Is FAFSA & How Does It Work?

Discover how the FAFSA can help secure financial aid for college. Learn about the eligibility criteria, required documents, and important deadlines.

6 min read

Borrow

What Is a Pell Grant and How Does It Work?

A Pell Grant is a need-based federal grant that helps students cover college costs. Find out who is eligible and how to apply for this vital aid.

4 min read

View More Insights

Additional Information

The SCRA provides financial relief and protections to eligible servicemembers and their dependents. PNC is grateful for your service and we would like to help you understand your benefits and protections under SCRA as well as other similar benefits that PNC may be able to provide to you.

To find out more, please contact us at:

Phone: 844-PNC-SCRA (844-762-7272)

Fax: 855-568-4532

Email: Servicemembers@pnc.com

PNC Bank
Servicemembers Operations Center, BR-YB58-01-U
PO Box 5570
Cleveland, OH 44101-0570

We Also Recommend

Already started an online application?

Return to Application

Find the right private student loan for you.

View Student Loans

Explore options to help pay for a college education.

View Education Financing

Have Questions?

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

Call Us

Monday through Friday: 8 a.m. to 5 p.m. ET

1-800-762-1001

Let's Start A Conversation

Fill out a contact form and we'll get in touch.

Request Contact

Schedule an Appointment

Make an appointment with a PNC Specialist nearest you.

Schedule an Appointment

Find Your Local Branch

Use the PNC Locator to get directions to a local PNC branch.

PNC Locator