PNC Bank Student Loans Review

Rating: 9.2 / 10 (Excellent)
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PNC Bank is a Pittsburg-based financial services corporation with over 160 years in the retail banking industry. The company currently offers both consumer and commercial banking products throughout their 2,520 branches in 19 states and the District of Columbia. With approximately 9,000 automated tellers, PNC holds the third-largest network of ATMs in the United States.

PNC Bank - Overview

Founded in 1804, Pittsburgh-based PNC Bank offers a variety of financial  services to individuals, small businesses, corporations and government agencies. PNC also provides private student loans for undergraduates, graduates, health professionals, residencies, and bar studies. The company's student loans feature no fees, competitive rates, and flexible repayment options. PNC is an overall great choice for student loans mostly because the company's financial strength allows them to offer vast array of loan choices and high loan limits, enough to fund any education. What's more, enrolling in autopay gets you a .50% interest rate reduction, twice what most other providers offer for the same service. 

Student Loans Offered

PNC provides a wide variety of student loans. No matter where you are in your education, the company more than likely has an appropriate loan for you. The company does not charge any application or origination fees, and also allows for cosigner release. PNC allows you to defer payments 6 months after graduation, and repayment terms of up to 15 years. Some of the loans offered by PNC include:

  • Undergraduate
  • Graduate/Professional
  • Health ad Medical Professions
  • Residency
  • Bar Study

Maximum Loan Limit

Max Loan Amount per Year

$40,000

Maximum Loan Amount Total

$225,000

Repayment Options

PNC offers three different repayment options on its student loans. You can:

  • Defer payments for up to 6 months after graduation - this option will cost the most in the long run
  • Immediate principal and interest repayment - this option will get the loan paid off faster with less interest
  • Pay interest only while still in school

Student Loan Rates

Fixed Rate

Variable Rate

All Student Loans Beside Bar Study

Variable Rates: APRs from 3.99% to 11.03%
Fixed Rates: APRs from 6.26% to 12.99%

Qualifying

Before submitting an application, the prospective student must have completed and submitted their Free Application for Federal Student Aid (FAFSA), gained acceptance to the institution, and researched grants, scholarships, and work study programs. Further eligibility requirements include: 

  • Half-time enrollment in school
  • US citizen or permanent resident
  • Lived in the US for previous 2 years
  • You and cosigner must meet all credit criteria and debt to income requirements

Loan Related Fees

Origination Fee

Loan Application Fee

Prepayment Fee

Rewards

Each year PNC Bank holds the PNC Education Loan Center Achiever Scholarships program which students can enter through their financial literacy account. Students can win up to $2,000 to be used toward education expenses. 

Student Loans at PNC Bank

PNC Bank is a good choice for student loans mainly because of the breadth of programs it provides and the reliability you get with a rock solid, multinational financial institution. PNC also features interactive online tools that help you plan your education, as well as your payment plan for the future. With resources like these, students and parents can make informed decisions on what they can realistically expect to afford and plan their choice of school, and loan options accordingly. 

 


Top Rated
9.5 / 10
  • Apply online in just 3 minutes
  • Undergrad rates 5.46% - 12.52% Fixed, 2.93% - 10.10% Variable
  • Grad rates 4.70% - 10.89% Fixed, 2.93% - 9.25% Variable
  • Instant credit decision
  • The most repayment options and flexible terms
  • No origination fees
  • BBB A+ Rating

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PNC Bank Student Loans