Private Loan Application Process

The federal government recently amended the Truth in Lending Act to revise the disclosure requirements for private education loans. With the implementation of new regulations collectively called Title X, there are now six steps of which PNC Solution Loan applicants should be aware. These steps may require various actions to be completed by you or the school in order to successfully progress through the application process.

  • Complete the online loan application
  • Submit the required loan documents
  • Your school must certify the loan
  • AES will send you an Approval Disclosure Form that must be reviewed and accepted by contacting AES
  • AES will send you a Final Disclosure Form
  • The loan funds will be sent to the school

Please be attentive to e-mails and messages from PNC and American Education Services (AES), our loan servicer. You should plan ahead to deal with all of the required documents each step of the way.

Day 1

  • When you apply online for the PNC Solution Loan, a credit check is performed on you and any person who co-signs your loan.

Day 30

  • By this date, your co-signer, if any, must complete their portion of the online loan application.

Day 60

  • By this date, you must send all required documents, for yourself and any co-signer, to AES.

Day 119

  • By this date, the school must have certified your loan amount. No action is required on your part.

Day 120

  • By this date, an Approval Disclosure form will be mailed to you and any co-signer. You and your co-signer, if any, must acknowledge and accept the terms of the loan by contacting AES.

Day 153

  • By this date, you should have acknowledged and accepted your Approval Disclosure form. If you have not contacted AES, your loan will automatically be canceled.

Day 160

  • By this date, a Final Disclosure form will be mailed to you and any co-signer.

Day 180

  • By this date, your loan funds will be sent to your school.

This timeline represents maximum time frames.

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Customer Service

To speak to a loan specialist, call:

1-800-762-1001

Financial Literacy
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