Student Loan Refinancing

Rate Ranges for the PNC Education Refinance Loan^[2]

Undergraduate
Graduate
Associate
Did Not Graduate

	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%

	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

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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]

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.

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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

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Loans are subject to credit approval. Certain restrictions and conditions apply.

The PNC Education Refinance Loan is a private loan. You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.

Application Process: When applying for a PNC Education Refinance Loan, you will be transferred to the website of our service provider. A list of information required to complete your application will be provided during the application process. For more information, access the PNC Education Refinance Application Process page.

For important information, view the Application and Solicitation Disclosure.

The hours to apply by phone are Monday through Friday: 8 a.m. to 5 p.m. ET
Annual Percentage Rates (APRs): APRs include a 0.50% interest rate discount for automated payments. Rates, maximum loan amounts and repayment terms available may vary by level of degree attained. The 20-year repayment term is only available for borrowers with an Undergraduate or Graduate degree borrowing more than $75,000. Rates are effective as of 2/01/2025 and are subject to change at any time.

Fixed Annual Percentage Rates (APRs): Fixed rates are based on the creditworthiness of the borrower and cosigner, if any.

Variable Annual Percentage Rates (APRs): 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 7.50%. If the index increases or decreases, your rate will increase or decrease accordingly. The rate will not exceed 18%.

The lowest APR is available to well-qualified applicants. Your actual APR will be based on your credit qualifications, interest rate option, repayment term, level of degree attained and whether you elect the automated payment feature.

Loan Payment Examples: The monthly payment per $10,000 borrowed at fixed-rate range of 5.89% APR to 14.64% APR for 10 years means you would make 120 payments that may range from $110.47 to $159.14. The monthly payment per $10,000 borrowed at a variable rate range of 7.44% APR to 16.19% APR for 10 years means you would make 120 payments that may range from $118.39 to $168.70. For the variable-rate loan, monthly payment may increase or decrease if the interest rate increases or decreases. Estimated loan payment examples assume 30 days to first payment. Payments vary for other rates, loan amounts and repayment terms.

For additional rate and loan cost information view loan Application and Solicitation Disclosures.
Automated Payment Discount: During repayment, an interest rate discount of 0.50% is available for automated payments. Payments must be made from a checking or savings account. Automated payment is 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, including to enter a deferment or forbearance period, the borrower will no longer receive an automated payment discount and the rate will increase by 0.50%.
Maximum Loan Amounts: Vary based on level of degree attained. Available repayment terms and rates may also vary based on level of degree attained.

$10,000–$25,000 – Did Not Graduate
$10,000–$75,000 – Associate Degree
$10,000–$175,000 – Undergraduate Degree
$10,000–$200,000 – Graduate Degree
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.
Refinancing: Refinancing at a longer repayment term may lower your loan payments, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your loan payments, but may lower the total interest paid over the life of the loan. For example, if you have a 15-year loan that matures in 10 years and you refinance for another 15 years at a lower rate, your payments will be lower but you will pay interest for an additional 5 years. Contact us to discuss the option that best meets your needs.
Cosigner Release: A request to release a cosigner requires that, as of the date of the request, the borrower has made at least forty-eight (48) consecutive and timely payments (or fewer, if required by applicable state law) of principal and interest with no periods of forbearance or deferment within that time frame. “Timely payment” means each payment is made no later than the 15th day after the scheduled due date of the payment. “Consecutive payment” means the minimum monthly payment must be made for the most recent required number of months straight without any interruption. To qualify for a cosigner release, the borrower must submit a request, meet the consecutive and timely payment requirements, provide proof of income, and pass a credit check.

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Refinance Student Loans

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

Rate Ranges for the PNC Education Refinance Loan[2]

Start Your Application Today

Refinancing Your Student Loans with PNC

Combine Loans into a Single Monthly Payment[5]

Reduce Monthly Payments[6]

Pay Off Loans Faster[6]

Take Control of Your Financial Future

Features & Benefits

Please read carefully before applying to refinance your federal student loans with PNC

Ways to Apply

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

Apply Online

Apply by Phone

Apply in Branch

Simplify Your Student Loan Repayment

Refinance Requirements

Application Materials Checklist

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.

Student Loan Insights

Additional Information

Servicemembers Civil Relief Act (SCRA)

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Have Questions?

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

Call Us

Let's Start A Conversation

Schedule an Appointment

Find Your Local Branch

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or select another service

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

Rate Ranges for the PNC Education Refinance Loan^[2]

Combine Loans into a
Single Monthly Payment^[5]

Reduce Monthly
Payments^[6]

Pay Off Loans Faster^[6]

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