Student Loan FAQs

Answers to most frequently asked questions from borrowers.

Private Student Loans*

A Fixed Rate does not change during the life of the loan. A Variable Rate changes during the life of the loan and it is based on an index that changes plus a fixed margin. The PNC Solution Loan® variable rate is based on the Prime Rate index.

All rates are based on the creditworthiness of the borrower and cosigner at the time of application.

If rates include a discount and that discount is removed, the rate may increase.

Refinancing

When you refinance student loans, you can replace an existing loan or loans with a new loan that has new terms, including a new interest rate, monthly payment amount and repayment term.

 

Educational Lending Insights

Borrow

What is Student Loan Deferment?

Learn about student loan deferment and its benefits. Explore types like economic hardship and in-school deferments and find out which suits you.

5 min read

Borrow

What Is FAFSA & How Does It Work?

Discover how the FAFSA can help secure financial aid for college. Learn about the eligibility criteria, required documents, and important deadlines.

6 min read

Borrow

What Is a Pell Grant and How Does It Work?

A Pell Grant is a need-based federal grant that helps students cover college costs. Find out who is eligible and how to apply for this vital aid.

4 min read

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