PNC Student Loans Review 2023 News2america


Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education.

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PNC offers student loans for the following purposes:

  • Graduate study.
  • Professional degrees.
  • Health professions residencies.
  • Bar exam study.
  • Refinancing.
  • Undergraduate study.

PNC’s Education Refinance Loan allows borrowers to refinance federal and private student loans.

You can apply for a PNC student loan online by providing information about yourself and your school. Loan applicants can get a preliminary decision minutes after submitting their online application. PNC delivers funds directly to your school.

PNC offers a 0.5 rate discount for borrowers who make automated payments. Interest-only payments are not eligible for the discount.

The bank will provide a preliminary decision within minutes of your applying online. You can have a co-signer if you choose. Also, you must be enrolled in school at least half time to get a PNC Solution Loan for undergraduate or graduate study. You can apply for a loan up to 60 days after the end of a school term for undergraduate and graduate loans.

PNC requires you to be a U.S. citizen or permanent resident to qualify for any of its student loan products. You can complete the entire loan application online.

PNC student loans are available in all 50 states. PNC also has branches in more than about half of the U.S.

In U.S. News’ ratings of student lenders, PNC received 3.9 out of 5 stars overall, 4 for affordability, 4.2 for eligibility and 3.5 for customer service. In U.S. News’ ratings of student loan refinance lenders, PNC received 3.5 out of 5 stars overall, 3.4 for affordability, 3.3 for eligibility and 3.5 for customer service. The median overall rating for student in-school lenders by U.S. News is 4.4 stars, and the median overall rating for student refinance lenders by U.S. News is also 4.4 stars.

You can reach a PNC customer service consultant at 800-762-1001 Monday through Friday from 8 a.m. to 5 p.m. Eastern Time. You can also fill out a contact form online to connect with a PNC Student Lending Specialist.

The company offers an online application process. PNC also has a mobile app you can use to view activity on your account.

PNC offers three repayment options with the PNC Solution Loan: immediate repayment; interest-only payments for borrowers in school; and full deferment of principal and interest payments for six months after you graduate or your enrollment drops below half time. Accrued interest during deferment is added to the principal balance once the deferment period is over. You can also request deferment if you are suffering financial hardship.

PNC will discharge a loan due to student death. You can request loan deferment if you are suffering financial hardship.

If you defer all payments on your student loan while enrolled in school, repayment begins six months after you graduate or are no longer enrolled as at least a half-time student.

  • People who are enrolled in school at least half time.
  • People who want to use a co-signer to qualify.
  • People who are comfortable making automatic payments.

Find the Best Student Loans for You

Lender
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Fixed APR
Variable APR
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Lender
Learn More
Fixed APR
Variable APR
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Lender
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Fixed APR
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Loan Term

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