Private Loans for Health & Medical Professions

The PNC Solution Loan for Health Professions can help you get the money you need to pay for school.


The PNC Solution Loan for Health Professions is a private loan offering a faster, easier way to pay for college after you have exhausted your federal loan options.

Who It's For: Graduate students and undergraduates in an accelerated program who are working toward a degree in a PNC-approved health-related field of study1, and are enrolled at least half time; also available to MD and DO students for relocation and living expenses related to their residency

  • Get 0.25% off your rate with automated payments from your checking or savings account2
  • A co-signer release option is available after the initial 48 consecutive on-time monthly payments3
  • The variable interest rate is based upon the LIBOR index plus a margin of 4% to 10.75% based on creditworthiness, and is adjusted quarterly4
  • Loan origination fees are based on the creditworthiness of the student borrower and the co-signer (if any), and range from 0% to 6% of the total loan amount (requested loan amount plus the origination fee)4
  • Use the funds for any education-related expense
  • Apply up to 60 days after the end of the school term
  • Payments may begin immediately to save on interest expense or can be deferred while enrolled at least half time4
  • Take up to 25 years to repay4
  • Receive a preliminary decision within minutes of applying online
  • Repayment begins nine months after you graduate or are enrolled less than half time if you choose to defer repayment
  • One-time capitalization of interest at repayment
  • Interest may be tax deductible; consult your tax advisor

Residency and Relocation Loan Details

  • Apply up to one year prior to your residency
  • Borrow from $1,000 up to $15,000
  • Residency loan payment begins 270 days after you cease for any reason to be enrolled in a medical residency or internship, but no later than 4 3/4 years after the disbursement date
  • You can request deferment for your loan during your residency as long as it does not exceed the program maximum of 10 3/4 years of deferment (including the 270 day grace period) from the date of the first disbursement of the loan
  • Check sent to student and payable to the student only

More information:

Eligibility

  • Must be an undergraduate or graduate health professions student enrolled at least half time in an approved program
  • Student and co-signer, if any, must be U.S. citizens or permanent residents

If you have any questions, please contact our customer service center to speak with a student loan specialist at 1-800-762-1001, Monday through Friday from 8am to 6 pm Eastern time.

1View a list of PNC-approved fields of study. 2The interest rate reduction benefit is lost if automatic payment deduction is discontinued. 3To release a co-signer, the borrower must request a co-signer release and pass a credit check. 4View important disclosure and repayment information for the PNC Solution Loan for Health Professions. Interest will continue to accrue during periods of deferment. Loans with principal balances of $40,000 or more have a repayment term of 25 years, and those under $40,000 have 20-year repayment terms.

PNC reserves the right to modify or discontinue any or all terms of this program at any time without notice. Loans may be sold to other financial organizations; however, the interest rate and term of the loan will not change if a loan is sold. PNC Solution Loans are subject to credit approval.

**Virtual Wallet: If you exceed the 3 check per monthly statement cycle limit, you will be charged a fee of $.50 per check.
Customer Service

To speak to a loan specialist, call:

1-800-762-1001

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