Visit the Student Banking Hub Partner & School Resources Student Insights Thought Leadership articles to help with student loan debt. Borrow What is Student Loan Deferment? Learn about student loan deferment and its benefits. Explore types like economic hardship and in-school deferments and find out...
PNC Bank can help finance your education with a private student loan. Find the right student loan solution for your future.
myth that student loan borrowers cannot get theirstudent loans discharged in bankruptcy, but that's not true.Bankruptcyis an option, but you have to meet strict criteria - specifically the Brunner Test. This states that you must have an "undue hardship" from your loans - which is very vague...
Visit the Student Banking Hub Partner & School Resources Student Insights Thought Leadership articles to help with student loan debt. Borrow What is Student Loan Deferment? Learn about student loan deferment and its benefits. Explore types like economic hardship and in-school deferments and find out...
Visit the Student Banking Hub Partner & School Resources Student Insights Thought Leadership articles to help with student loan debt. Borrow What is Student Loan Deferment? Learn about student loan deferment and its benefits. Explore types like economic hardship and in-school deferments and find out...
No guaranteed hardship options. Private student loans aren't eligible for federally mandated deferment options, forbearance programs and income-driven repayment plans. Some private student loan lenders offer deferment or forbearance options, but they might not be as flexible as your options with federal...
Private student loans generally cannot be discharged when a borrower files for bankruptcy. Due to an overhaul of the bankruptcy code in 1978, borrowers must now prove that their student loan payments cause “undue hardship” and prevent them from a minimum standard of living before the cou...
Some private lenders offer special benefits or incentives to borrowers, such as autopay rate discounts, hardship programs, and cash bonuses for good grades. SoFi offers reward points for paying bills and checking your credit score, which you can apply to your loan balance. Cons Credit checks ...
Some loan forgiveness programs include Public Service Loan Forgiveness (PSLF), IDR forgiveness and Teacher Loan Forgiveness. It has less flexibility for deferment or forbearance: While private lenders offer options for forbearance if you lose a job or encounter financial hardship of up to one year,...
Just keep in mind that many come with variable interest rates, and your options for forbearance and hardship may be limited.How much you need to borrowYou can keep your student loan monthly payments low by borrowing the minimum amount needed to cover your school expenses. Colleges and ...