![]() ![]() Although the community-level impacts discussed here may contribute to that narrative, this study seeks to provide communities with insight and strategies to address the concern locally. Concerns over this rapid growth and the subsequent impacts on individuals have led some national policymakers to call for full absolution of existing student debt. Based on analysis by the Institute for College Access and Success ( 2018) of survey data from American four-year universities and colleges, the average student debt level increased from $18,650 in 2004 to $29,650 in 2016. ![]() Although this may indicate more people attending college, the percentage of high school graduates attending college grew by just four percentage points (65.8% in 2006 to 69.7% in 2016), an increase of 38% in terms of absolute number of students (BLS 2017). At the same time, the Consumer Price Index increased only 21.1%. From 2006, consumer credit debt grew approximately 70% and mortgage debt grew by 24%, but student loan debt grew by 232% (Fig. While student loan debt remains smaller than consumer credit debt ($4.1 trillion) or mortgage debt ($15.5 trillion), the rate of growth of student debt is significant. (Billion of Dollars), b: Debt Trends U.S. “PNC Private Bank" is a registered mark of The PNC Financial Services Group, Inc. Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors, LLC, a wholly-owned subsidiary of PNC Bank and SEC registered investment adviser. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. (“PNC”) uses the marketing name PNC Private Bank ® to provide investment and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and to provide specific fiduciary and agency services through its subsidiary, PNC Delaware Trust Company. Area) , Rhode Island, Virginia, West VirginiaĪrizona, Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Texas Louis), Ohio, Wisconsin (Madison/Milwaukee)Īlabama, California, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee, WashingtonĬonnecticut, Maryland/D.C., Massachusetts, New Hampshire, New York Pennsylvania (exlud. Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota Missouri (east of St. Specialized group within PNC dedicated solely to the automobile industry.Ĭontact a Floorplan Group Manager in your area:.State-of-the-art online inventory management system.Business acquisition financing - creative solutions to help you grow.Real estate financing - new purchase or construction and/or renovations to comply with manufacturer image programs.Flexible credit arrangements - structured to meet the specific demands of your dealership.New and used vehicle floorplan financing to meet the needs of franchised new car dealers.The relationship manager is the face of PNC, acting as your primary contact at PNC Bank, servicing all of your dealership and personal financial needs. Or, email us at of dealerships have chosen PNC’s inventory financing programs for billions of dollars in credit lines. There is a team of dedicated PNC employees behind every floor plan dealership. Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Ohio, WisconsinĬonnecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Virginia, West VirginiaĪrizona, Arkansas, Colorado, California, Idaho, Mississippi, Nevada, New Mexico, Oklahoma, Oregon, Tennessee (Western), Utah, Washingtonįor more information, please call 1-80Mon-Fri 8:30 AM - 7:00 PM EST A dedicated Sales Executive and underwriters for each dealershipĬontact a Regional Sales Manager in your area:Īlabama, Florida, Georgia, South Carolina, Tennessee (Central and Eastern).A committed team throughout our footprint (see map). ![]() PNC brings many years of experience in meeting new car franchise dealers’ retail automobile financing needs through a unique, relationship-focused approach to serving your business. ![]()
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