As a result of the Higher Education Reconciliation Act (HERA) of 2005, graduate or professional students are able to borrow under the Federal PLUS Loan Program.

The PNC Bank Graduate PLUS Loan is an affordable, attractive solution for financing your graduate school education. If you are enrolled at least half-time in a graduate or professional studies curriculum, you may be able to borrow up to the total cost of education, less any other financial aid received.

When you borrow your Federal Graduate PLUS Loan with PNC Bank, you may qualify for a low fixed interest rate with borrower benefit programs based upon the state in which your school is located.

To learn more about our borrower benefit programs, please select the state in which your school is located:

Advantages of a PNC Bank Graduate PLUS Loan include:

• Lock in a fixed interest rate of 8.5%
• No loan limits – borrow up to the full cost of education annually
• Approval is not based on income, financial need or a debt-to-income ratio
• Easy online application – receive a credit response within minutes when you apply online
• Defer principal and interest payments while you are in school*
• Flexible repayment options
• Interest may be tax deductible; consult with your tax advisor

How to Apply
Graduate students must complete the Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA. You must also complete a Federal PLUS Loan Application and Master Promissory Note (MPN).

• Complete the FAFSA or Renewal FAFSA
• Apply now for a Federal Graduate PLUS Loan
• Apply by phone – call 1-800-762-1001, and press 5 when prompted
• Download a Federal Graduate PLUS Loan Master Promissory Note

To qualify for the PNC Bank Graduate PLUS Loan, the applicant must meet the credit eligibility requirements established by the U.S. Department of Education.

* While you are in deferment, interest will continue to accumulate on your loan. 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.