1. Refinancing: Refinancing at a longer repayment term may lower your monthly student loan payments, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your monthly student loan payments, but may lower the total interest paid over the life of the loan. Contact us to discuss the option that best meets your needs.

Certain Federal Benefits Will Be Lost or Not Available: If you refinance your federal loans through this PNC Education Refinance Loan, you will lose or not be able to select other payment plans available to federal student loan borrowers, such as income‑contingent repayment or income‑based repayment. In addition, federal student loans offer deferment, forbearance and loan forgiveness options that may not be available under a PNC Education Refinance Loan. Please compare your current benefits with this program to ensure any loss of existing benefits is fully understood.

Credit is subject to approval. Certain restrictions and conditions apply.

2. Annual Percentage Rates (APRs): Variable rates are based on the London Interbank Offered Rate (LIBOR) index plus a margin depending on the creditworthiness of the borrower and co‑signer, if any. If the index increases or decreases, your rate will increase or decrease accordingly. A fixed rate option based on the creditworthiness of the borrower and co‑signer, if any, is also available. Variable APRs shown are for loan amounts from $10,000 to $75,000 and are effective as of 1/17/2020. The lowest APR is available to well‑qualified applicants. Your actual APR will be based on your credit qualifications, interest rate option, repayment term and whether you elect the automatic payment feature. Advertised rates include the 0.50% discount for automatic payment. The rate discount will be applied at the time automatic payment is established. Rates are subject to change at any time. For more rate and product details, visit pnc.com/educationrefinance or call 1‑800‑762‑1001.

3. Automatic Payment Discount: During repayment, an interest rate discount of 0.50% is available for automatic payments. Borrower must be making scheduled payments that include both principal and interest. Advertised rates include the 0.50% automatic payment interest rate discount. The rate discount will be applied at the time automatic payment is established. If automatic payment is discontinued at any time, the discount will be removed and the rate will increase by 0.50%.

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