We realize that covering all of your expenses can be a challenge, especially when government loans and financial aid just aren’t enough. Private student loans can help you find the money you need to finance your education. Private student loans also offer a variety of borrower incentives. These can include co-signer release, graduation rewards, APR (annual percentage rate) reductions and more depending on the lender.
Speaking of which, we are pleased to inform you that one of the major private loan lenders represented by the Student Loan Network, PNC Bank, announced earlier this year that PNC Solution Loans are now available with no origination fees. Borrowers can also take advantage of a 0.50% interest rate reduction for use of automatic payments.
These are among the latest enhancements by PNC to products and services specially designed to simplify the process of paying for higher education. PNC already provides a variety of resources geared to improve money management and avoid costly mistakes and fees while students are still in school. They also offer upon graduation a customizable repayment planning tool.
Thomas Lustig, manager of Education Lending at PNC, offers that “By eliminating origination fees and rewarding automated payments with a reduced interest rate, we are taking another step in our efforts to simplify the student aid process to make it easier for students to achieve their academic and financial goals.” We agree – Keep It Simple!
PNC’s private Solution Loans provide education financing for undergraduate and graduate/professional degrees, health professions, and bar exam preparation for qualified borrowers at eligible schools.
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