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Bar Study Loan

 

The LAWLOANS® Bar Study Loan® (BSL) helps finance bar exam costs, such as bar review course fees, bar exam deposits and fees, as well as living expenses.

Student Borrowers—print a LAWLOANS Application now!

Cosigners—print a LAWLOANS Bar Study Loan Application now!


Eligibility

  • You can 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 borrower with a creditworthy cosigner who is a U.S. citizen or non-citizen permanent resident.

Features

  • The Bar Study Loan has interest rates that reward good credit.
  • If you do not have an established credit history, you may want to apply with a creditworthy cosigner because this may increase your chances of approval. Even if you have an established credit history, you may be eligible for a lower interest rate if you apply with a creditworthy cosigner.
  • Creditworthy borrowers may request a cosigner release after making the first 24 consecutive payments of principal and interest on time.1
  • No minimum income requirement.
  • You get the convenience of combined billing for all of your Sallie Mae-serviced loans.2
  • You can manage your account online 24/7.

Loan terms

Loan limits

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

Interest rate

  • Manage your credit well and you may qualify for a lower interest rate.
  • The LAWLOANS Bar Study Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.

Fees

Loan fees are 0%–6%.

Repayment

  • Flexible repayment options are available.
  • Repayment begins after a nine-month grace perod.2

Legal

1 Borrower's account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.

2 Certain restrictions apply.

FIFTH THIRD BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD EDUCATION LENDING WEBSITE (53EDUCATIONLENDING.COM) CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

Subject to the above, borrower benefits are effective for Bar Study Loans that are first disbursed June 1, 2008 through May 31, 2009. Fifth Third Bar Study Loans are funded by Fifth Third Bank.

Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC. All loans subject to credit review and approval. LAWLOANS and Bar Study Loan are registered service marks and LAWLOANS Private Loan is a service mark of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. ©2008 Sallie Mae, Inc. All rights reserved. (8/08)