PNC Resource Loan

www.eduloans.pncbank.com
1-800-762-1001

Interest Rate Calculation:
Prime plus .5% (variable rate loan)

Cosigner Requirements:
Creditworthy graduate students can borrow on their own if they meet minimum income requirements.

Loan Fees:
No fee.

Minimum Loan:
None

Maximum Loan:
Cost of attendance minus other financial aid

Eligibility:
Creditworthy applicant and/or cosigner
Must be half-time
International students need U.S. creditworthy cosigner

Repayment Terms:
6-month grace period after graduation or leaving school
Interest only repayment option for first 24 months of repayment term

Special Features:
Can be used for previous balances
Capitalization once at repayment
Cosigner release option
48 consecutive payments will lower interest rate by .50%
Loan payments withdrawn electronically from bank
account will lower interest rate by 0.25%