Private Loans for Undergraduates
The PNC Solution Loan for Undergraduates can help you get the money you need to pay for school.
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
- 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
- Apply up to 60 days after the end of the school term
- Receive a preliminary decision within minutes of applying online
- Defer payments until six months after you graduate or leave school4
- 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
- Interest may be tax deductible; consult your tax advisor
- Funds are sent directly to the school
- View loan application and solicitation disclosure
Eligibility
You must:
- be an undergraduate student in a degree program
- be enrolled at least half time as determined by your school
- meet the credit guidelines listed below
Please note: A co-signer is typically required for undergraduate students; a creditworthy co-signer is required for 17-year-old students
Credit Guidelines
You and your co-signer, if any, must:
- be creditworthy
- have a satisfactory credit history and employment history of at least two years
- have proof of current income
- if self-employed, have been in business for at least two years
- be a U.S. citizen or permanent resident and 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 Undergraduates. Annual loan maximum: $40,000; 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.
