Private Loans for Graduates
The PNC Solution Loan for Graduate Students can help you get the money you need to pay for school.
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
- No application or origination fees
- Get 0.50% off your rate with automated payments from your checking or savings account1
- A co-signer release option is available after the initial 48 consecutive on-time monthly payments2
- The variable interest rate is based upon the LIBOR index plus a margin of 3.30% to 11% based on creditworthiness, and is adjusted quarterly3
- Use the funds for any education-related expense
- Receive a preliminary decision within minutes of applying online
- Apply up to 60 days after the end of the school term
- Take up to 15 years to repay3
- Payments may begin immediately to save on interest expense or can be deferred while enrolled at least half time3
- Funds are sent directly to the school
- One-time capitalization of interest at repayment
- Interest may be tax deductible; consult your tax advisor
- Defer payments until six months after you graduate or leave school4
- View loan application and solicitation disclosure
Eligibility
You must:
- be a graduate or professional student in a degree program
- be enrolled at least half time as determined by your school
You and your co-signer, if any, must:
- have a satisfactory credit history, U.S. residence and employment history of at least two years
- be U.S. citizens or permanent residents
- meet the credit guidelines listed below
Credit Guidelines
There are two credit options available for this program: creditworthy and credit ready.
If applying as creditworthy or with a creditworthy co-signer, you need:
- a satisfactory credit history and employment history of at least two years
- proof of current income
- if self-employed, to have been in business for at least two years
- to be a U.S. citizen or permanent resident
- have resided in the U.S. for the previous two years
If you are applying as a credit ready applicant on your own signature, you need:
- a good credit history
- to be a U.S. citizen or permanent resident
- have resided in the U.S. for the previous two years
If you have any questions, please contact our customer service center to speak with a student loan specialist at
1The interest rate reduction benefit is lost if automatic payment deduction is discontinued. 2To release a co-signer, the borrower must request a co-signer release and pass a credit check. 3View important disclosure and repayment information for the PNC Solution Loan for Graduate Students. Creditworthy borrowers - annual loan maximum: $65,000; aggregate loan maximum: $225,000. Credit ready borrowers - annual loan maximum: $20,000; aggregate loan maximum: $225,000. 4Interest will continue to accrue during periods of deferment. You will receive quarterly interest statements during this deferment period. Paying the interest as it accrues each quarter will save you money over the repayment term of the loan because any accrued interest that you do not pay will be added to the principal balance at the end of the deferment period.
PNC reserves the right to discontinue any or all terms of this program at any time without notice. Loans may be sold to other financial organizations; however, the interest rate and term of the loan will not change if a loan is sold. PNC Solution Loans are subject to credit approval.
