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In July 2010, President Obama signed legislation eliminating the Family Federal Loan Program (Stafford/PLUS). This legislation made the federal government the sole provider of new Stafford and PLUS loans.
Before you apply for loans, you should have:
Will PNC continue to service my existing federal student loans?
Where should a student go to apply for federal direct student loans?
Students should contact their school's financial aid office or visit www.studentloans.gov for information about applying for federal student loans.
What is a private loan and how do I know if I need one?
A private loan is a non-government student loan that is borrowed through a bank or private lender. Once students have borrowed the maximum in federal loans such as Stafford and PLUS Loans, they may need additional funds to cover the full cost of education. Private loans can bridge the gap between what's borrowed in federal loans and what's needed for the full cost of an education.
Does PNC offer private student loans?
Yes. PNC private student loans have helped students to bridge the gap between federal aid and the full cost of education.
PNC offers students the following private loans:
What types of expenses are covered by the PNC Solution Loan?
There are six steps that PNC Solution Loan® applicants should know. These steps may require specific actions to be completed by you, your co-signer or the school in order to successfully progress through the application process.
Please be attentive to e-mails and messages from PNC, as well as from CampusDoor and American Education Services (AES), our service partners.
Private 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.
PNC Solution Loan is a registered trademark of the PNC Financial Services Group, Inc.
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