Private Undergraduate Student Loan

Application Process: When you are applying for a PNC Solution 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 co-signers will need to provide personal information including a driver’s license or state ID, employment and income information. PNC Solution Loan borrowers will need their financial aid award letter.

Loan Limits: Annual loan maximum: $50,000. Maximum aggregate educational debt (including federal and private student loans): $225,000.

PNC Solution Loans 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.

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.

Cosigner Release: A request to release a cosigner requires that, as of the date of the request, you have made at least forty-eight (48) consecutive timely payments of principal and interest with no periods of forbearance or deferment within the forty-eight (48) month timeframe. “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 forty-eight (48) months straight without any interruption. To qualify for a cosigner release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check.

Scholarship: No purchase necessary to win. Void where prohibited or restricted by law. A purchase or transaction does not increase your chances of winning. Entries will be accepted at pnc.financialliteracy101.org/scholarship.  Scholarship Sweepstakes is open to Undergraduate students enrolled at least half-time in a PNC Solution Loan®-eligible college or university who are 18 years of age or older at time of entry. To enter, you must create a PNC Financial Literacy account, meet the eligibility requirements, and opt-in to the drawing and agree to the Official Rules. Once you have created the account and have opted into the Scholarship Sweepstakes, you will be eligible for the subsequent two drawings that take place within 12 months of registration. Employees of Decision Partners LLC and The PNC Financial Services Group, Inc., their affiliates, subsidiaries, advertising and promotion agencies, as well as such employees' immediate family members (or persons living in the same household), are not eligible. The Sweepstakes is governed by the law of the Commonwealth of Pennsylvania. Six (6) $2,000 college scholarships will be awarded twice in 2022. Odds of winning will depend on the number of eligible entries received. On or about June 1, 2022, and December 1, 2022, winners will be drawn at random from all entries submitted. Winners will be contacted by email and/or telephone. Taxes are responsibility of winner. Prizes are not transferable. No substitution of prizes permitted. Scholarship winners will be required to execute and return a Verification of Eligibility and Release of Liability. See official sweepstakes rules at pnc.financialliteracy101.org/scholarship/official_rules. Sponsored by PNC Bank, National Association.