PNC Bank N.A. Student Loan Complaint

PNC Bank N.A. Student loan department,

Non-federal student loan Can't repay my loan Can't decrease my monthly payments Pennsylvania

As I attended the University of - in - PA between the dates of - to -, I had to take out a combination of loans, both private and federal. The school was - of the best schools I got into and I did n't have the best grades in high school so when I got accepted and started attending the only thing I cared about was staying there and graduating, which I did and I am very proud that I have. However, the tuition there exceeded the amount of money the Federal Government would grant me in loans, thus I had to take out pricate loans through PNC bank to support the remaining costs. In the end I had about - of private loan debt and - of federal loan debt. The - I have to pay a very high amount, almost $500.00 per month and I can not change that number, can not refinance, can not renegotiate, and am powerless also on the interest rates since they are variable. I do not make a ton of money each year and in combination with my federal loan monthly fees, the total is over $700.00 per month in just loans.


a loan of - unless I had collateral, like a house or an expensive vehicle. Ive contacted private institutions, like sofi loans and the quotes of their interest rates are unbelievable, - and up. Id be paying over - if I took out a private loan per month. I am stuck. I find ways to work - jobs to stay afloat and the downside is that if I make too much money then my federal loan payments go up since Im on the IBR and would leave me paying close to - per month in just loans. I find it unfair that students are being put into situations like this because they attempt to get a good education. I went to school for 7 years and at times I wonder if I just stayed out of school maybe Id be a - making close to what I make now an hour, its depressing. Its not fair that the private loan companies take advantage of uninformed students and lock them into loans that are VIR ( variable interest rates ) and despite me paying them back since the end of 2012, never missing a payment mind you, they dont offer me any other possible change to the repayment plan.