| Borrower |
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Dependent student's biological or adoptive parent or stepparent
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Independent graduate student
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| Lender |
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| Annual Loan Limit |
Undergraduates, $5,500/$12,500 (dependent/independent); graduate students, $20,500; medical school students, $40,500
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Up to 100% of your cost of attendance minus other financial aid
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Undergraduates: $50,000
Graduate Students: $65,000
Medical Residents and Bar Exam: $15,000
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Up to 100% of your cost of attendance minus other financial aid
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| Interest Rate |
Undergraduate loans, 2.75%; Graduate loans, 4.30%
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Fixed from 4.49% to 9.64% (APRs from 4.49% to 9.64%) or variable from LIBOR + 3.26% to LIBOR + 8.41% (currently 3.26% to 8.41% APR) (effective 7/30/2020). The LIBOR index is currently 0.50%.
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| Origination Fees |
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| Interest Rate Discount for Automatic Payments |
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| Payment Deferment While in School |
No payments due until 6 months after graduation or enrollment in school less than half time
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No payments due until 6 months after graduation or enrollment in school less than half time
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No payments due until 6 months after graduation or enrollment in school less than half time. Making interest-only payments while enrolled in school is also an option.
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No payments due until 6 months after graduation or enrollment in school less than half time
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| Repayment Plans |
10 years with flexibility to extend up to 25 years, and multiple repayment options (visit direct.ed.gov for more information)
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10 years with flexibility to extend up to 25 years, and multiple repayment options (visit direct.ed.gov for more information)
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5, 10 and 15 years standard repayment[1]
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10 years with flexibility to extend up to 25 years, and multiple repayment options (visit direct.ed.gov for more information)
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| FAFSA Required |
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| Credit Check Required |
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| Co-signer or Endorser Required |
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Borrowers with adverse credit history may be required to apply with an endorser
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No, unless borrower is under 17. Most PNC Solution Loan borrowers have applied with a co-signer, as applying with a co-signer may increase your chances of approval
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Borrowers with adverse credit history may be required to apply with an endorser
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| Co-signer or Endorser Release Available |
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Yes, after 48 consecutive on-time payments; borrower must pass a credit check[2]
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| Satisfactory Academic Progress Required |
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