PNC Student Loans Reviews
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About PNC Student Loans
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PNC is a provider of private student loans for current students and refinancing options for existing borrowers. Its rates vary by student and cosigner creditworthiness, but it offers a discount for auto-pay setup and allows borrowers to defer payments in certain circumstances. Borrowers can manage their loan on PNC’s website.
- Auto-pay interest rate discount
- Deferment options
- Flexible repayment options
- Hard credit check
- No poor-credit loans
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What is PNC?
PNC is a lender of undergraduate and graduate student loans. It also provides refinancing options for former students who are no longer enrolled in school. PNC offers a variety of benefits, such as cosigner release, long repayment terms, interest rate deduction and deferred payment options. It also offers fixed and variable rates loans and requires no application or origination fees.
Applicants can also apply for a $2,000 scholarship via its website. Candidates must be 18 years or older and be a U.S. citizen.
How do PNC student loans work?
For those interested in receiving a loan from PNC, the application process is fairly simple. Inquiring borrowers can apply online and receive a quote within minutes. Applicants go through a credit check, and those with poor credit must have a creditworthy cosigner in order to be considered for approval.
All applicants must submit their background information, a personal reference, the school they’re attending, their employer and the amount they wish to borrow. PNC offers undergraduate, graduate, and health and medical professional studies aid, as well as bar exam prep aid.
There are three repayment options available for borrowers: full deferral, interest-only payments while enrolled in school and immediate repayment. Furthermore, students who enroll in auto-pay are eligible for an additional 50% interest rate deduction. PNC also allows a six-month grace period after graduation, during which a borrower doesn’t need to make any payments.
Undergraduates can borrow a maximum of $50,000 per year, and graduates and health and medical professionals can borrow a maximum of $65,000 per year.
PNC also offers medical professionals and veterinarians residency loans at up to $15,000 per year — these loans are intended to help with living expenses. Its bar study loans max out at $15,000, and its refinancing loans go up to $75,000.
PNC student loan requirements
Eligibility requirements for PNC student loans include:
- Proof of U.S. citizenship for student and cosigner
- Proof of U.S. residency for previous two years for student and cosigner
- At least half-time enrollment in a degree-seeking program
The student and cosigner must also meet credit and debt-to-income requirements. If self-employed, the student or cosigner must have at least two years of self-employment income.
PNC offers five-, 10- and 15-year loan terms. Before refinancing, borrowers must have made payments on their loan for two years.
PNC student loan rates
Loan rates vary depending on credit history and income. PNC offers rates ranging from 4.24% to 12.24% for fixed-rate loans and 4.89% to 12.89% for variable loans.
PNC student loan FAQ
What credit score do you need for a PNC loan?
A minimum credit score isn’t specified on its website; however, PNC does state creditworthiness is an eligibility factor.
Will PNC give me a loan with bad credit?
PNC will not issue a student loan to a borrower or a cosigner with poor credit in most circumstances.
How long does it take PNC to approve a loan?
PNC’s website does not specify how long it takes to approve a loan.
Who does PNC use to check credit?
PNC uses Equifax, Transunion and Experian to check credit.
Is PNC good for student loans?
PNC is a good lender option for undergraduates, graduate students and former students looking to refinance their loans. Borrowers should be creditworthy and have a good employment history. Its benefits include flexible repayment options, payment deferment options, variable and fixed interest rates, a free and simple application process and an auto-pay discount. A degree isn’t required for financing. It also offers a scholarship opportunity through its sweepstakes program.
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- 4,879,673 reviews on ConsumerAffairs are verified.
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- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
PNC Student Loans Company Information
- Company Name:
- PNC Student Loans
- Year Founded:
- 1852
- Address:
- 2600 Liberty Ave, Suite 200
- City:
- Pittsburgh
- State/Province:
- PA
- Postal Code:
- 15222
- Website:
- www.pnconcampus.com



