Student Loan Guide

Once you choose your school, this guide can lead you through the process of finding the money you need for your education.

Navigating the financial aid process can be confusing. In addition to grants, scholarships and work-study programs, many students will still need to take out government loans, private loans, or a combination of both. Determining which loans are best for your situation can also be challenging. This guide will help lead you through the process of securing the funds you need.

Before you apply for loans, you should have:

  • completed and sent in your Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1st
  • received an award letter from the school you plan to attend

Legislation recently signed by President Obama eliminates the Family Federal Loan Program (Stafford/Plus) effective July 1, 2010. This legislation prevents PNC (and all other private lenders) from making new Stafford and PLUS loans with first disbursements on or after July 1, 2010.

Federal Stafford Loan: Stafford Loans are an extremely popular and cost-effective source of education funds. Eligibility is based on cost of attendance and Expected Family Contribution.

Federal PLUS Loan: A federal loan for parents of dependent undergraduate students.

Federal Graduate PLUS Loan: A loan for students pursuing a graduate or professional degree (e.g. masters, doctorate, law, medical)

If you are looking for federal loans for the 2010-11 school year, please contact your financial aid office or visit www.studentloan.gov.

Learn more about the new federal loan process

The PNC Solution Loan for Undergraduates is a private loan offering a faster, easier way to pay for college after you have exhausted your federal loan options.

Who It's For: Students who are enrolled at least half time in a degree program

The PNC Solution Loan is a private loan offering a faster, easier way to pay for college after you have exhausted your federal loan options.

Who It's For: Graduate or professional students who are enrolled at least half time in a degree program

The PNC Solution Loan for Health Professions is a private loan offering a faster, easier way to pay for college after you have exhausted your federal loan options.

Who It's For: Graduate students and undergraduates in an accelerated program who are working toward a degree in a PNC-approved health-related field of study1, and are enrolled at least half time; also available to MD and DO students for relocation and living expenses related to their residency

The PNC Solution Loan for Bar Study is a private loan offering a faster, easier way to pay for bar exams and prep.

Who It’s For: Students enrolled at least half time at an approved ABA-accredited law school with less than six months remaining until graduation, or who have graduated from one within the last six months

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