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. 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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