Enrolled in a non-degree or
certificate program, or just
taking a few classes toward
completing your degree? The
PNC Bank Continuing Education
Loan may be your answer
to meeting the costs associated
with your education. It's quick,
easy and affordable!
Program
Features
- The variable
interest rate is based
upon the LIBOR Index + 3.45%,
and is adjusted quarterly
- Loan origination fees are
based on the the creditworthiness
of the student borrower and
the co-signer
(if any), and range from 6.5%
to 10.5% of the total loan
amount (requested loan amount
plus the origination fee)
- Use the funds for any
education-related expense
— even to pay off
past due balances!
- No application deadlines;
apply anytime
- Receive a preliminary decision for a loan within minutes of applying online or by phone
- You may defer principal
and interest payments for
up to 24 months
- No prepayment penalties
or repayment fees
- Borrow up to $15,000 annually (Subject to a $30,000 aggregate
borrowing maximum)
- Interest may be tax deductible
(consult your tax advisor)
- Funds are sent directly
to the borrower (can be co-payable
to co-borrowers or the school)
- A 0.25% interest rate reduction is available if you elect to have your monthly payments automatically deducted from your bank account
To maintain the interest rate reduction benefit, all payments must be made on time (within 15 days of the payment date) and must be directly debited from a bank account. If a payment is late or the auto deduct is stopped, the rate reduction benefit is lost.
Eligibility
- Enrolled less than half-time at an approved institution
- An international student
may apply with a qualified
credit-worthy U.S. citizen
or a permanent resident co-signer
- Meeting the credit guidelines
listed below
Please
note: A co-signer
may be required.
Credit
Guidelines
- You or your co-signer,
if any, are credit-worthy,
and
- You or your co-signer,
if any, have a satisfactory
credit history, residence
and employment history of
at least two
years
- You or your co-signer,
if any, have proof of current
income
- If you or your co-signer,
if any, are self-employed,
have been in business for
at least two
years
- You or your co-signer,
if any, are a U.S. citizen
or permanent resident and
have resided in the U.S. for
the previous two
years
- An international student
with a qualified credit-worthy
U.S. citizen or permanent
resident co-signer
may apply
How
to Apply
Once
your application has been submitted,
you can check
your loan status online or by calling 800-851-2892 at any time.
If you have any questions, our customer service consultants
are available to assist you.
Please call us at 800-851-2892, Monday through Friday
from 8am to 11pm, and Saturday from 9am to 5pm Eastern time.
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