Fixed APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available.
Variable APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available.
Repayment Terms 5 , 10 , 15 years Important InformationRewards: Autopay Discount
Yearly Loan Limits: $75,000
Overall Loan Limits: $225,000 (aggregate maximum)
Cosigner Terms: Cosigner optional, allows for Cosigner Release after 48 on-time monthly payments
The bottom line:If you’re in the market for a student loan from a notable bank, PNC Bank should be one of the top on your list. Though their $75,000 annual borrowing limits may not be enough to cover the full cost of attendance at your college, they do offer short repayment terms and a higher-than-average autopay discount.
PNC Bank’s undergraduate student loan offers a lot of features you’ll see in other top lenders. That includes no application, origination or guarantee fees, and no prepayment penalties either. Though they don’t offer many rewards, their autopay discount is double what you would find for the vast majority of other student loans. And if you’re curious about what your rate will be, they’ll only perform a soft credit inquiry to check that.
In terms of borrowing limits, there’s some good and some bad. The good news: they have an aggregate borrowing limit of $225,000, which should be enough for most borrowers. The bad news: if you need to borrow up to the full cost of your attendance in any given year, the max PNC Bank will let you borrow is $75,000. Cosigner-wise, they offer cosigner release, but only after 48 on-time monthly payments, which is higher than average.
Savingforcollege.com provides our readers with free access to objective information, articles and tools to help them make informed decisions about saving and paying for education. We are able to do this because we are compensated by our partners, including some private student lenders. Some, though not all, of the products featured here are offered by partners who may pay us a sales commission. Our partnerships do not influence our ratings or reviews, which are based on in-depth research and objective methodologies, though they may influence which products we write about and where those products appear on our site. Our opinions are our own.
