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College Guide

Bar Study Loan®

 

Fifth Third Bank is pleased to offer the Bar Study Loan which helps finance bar exam costs, such as bar review course fees, bar exam deposits and fees, as well as living expenses.

Download an application for the Bar Study Loan:

download application

Eligibility

  • You may apply for a Bar Study Loan if you are enrolled at least half time in your final year of study at an ABA-accredited law school, or have graduated from one within the last 12 months.
  • You must be sitting for the bar exam no later than 12 months after graduation.
  • You must be a U.S. citizen or a non-citizen permanent resident without conditions and with proper evidence of eligibility, or an international student borrowing with a creditworthy cosigner who is a U.S. citizen or non-citizen permanent resident.
  • You must meet current credit and other eligibility criteria.

Benefits

  • Pricing that rewards creditworthy borrowers.
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
  • Borrowers may apply for a cosigner release after successful completion of their education.1
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.2

Features

  • 24/7 online account management.
  • Combined billing is available for Sallie Mae®-serviced student loans. Some restrictions may apply.
  • There is no prepayment penalty.

Loan terms

Loan limits

You may borrow a minimum of $1,000 up to a maximum of $15,000.

Interest rate

  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
  • The Bar Study Loan has interest rates that reward good credit. Interest rates are variable and reset monthly based on the one-month LIBOR Index.

Fees

  • Disbursement fees are 0% to 5%.
  • No repayment fee.

Repayment

  • Flexible repayment options are available.
  • Prepay your loan at any time without penalty.

Legal

Bar study loans are funded by Fifth Third Bank.

1To qualify, borrower must make 24 consecutive on-time principal and interest payments, be a U.S. citizen or permanent resident and meet the underwriting requirements when the release request is processed.

2Recurring payment must be successfully deducted from designated account for rate reduction to apply. Benefit suspended during forbearances and deferments.

Information advertised valid as of 8/27/2012.

FIFTH THIRD BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS), AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD EDUCATION LENDING WEB SITE CLOSE TO THEIR LOAN APPLICATION DATE, AND AGAIN PRIOR TO DISBURSEMENT, TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS.

All loans are funded by Fifth Third Bank and are subject to credit review and approval. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp.

Fifth Third Bank, Member FDIC. Equal Housing Lender.