Bar study loans are credit-qualified private loans intended to help cover expenses incurred after graduation while a student prepares for the Bar exam.
|
|
Access Group
|
Citibank
|
Wells Fargo
|
| Phone Number
|
800-282-1550
|
800-967-2400
|
800-658-3567
|
| Loan Program
|
Bar Examination Loan
|
CitiAssist Bar Study
|
Bar Study Loan
|
| Fees
|
None
|
None
|
None
|
| School Certification
|
Yes
|
Yes
|
No
|
| Grace Period
|
9 months after the date you graduate
|
9 months after the date you graduate
|
6 months after the date you graduate
|
| Annual Loan Limits
|
Minimum: $1,000
Maximum: $20,000
|
Minimum: none
Maximum: $15,000
|
Minimum: $1,000
Maximum: $12,000
|
| Aggregate Loan Limit
|
None
|
$150,000
|
$180,000
|
| Eligibility
|
Avaliable to students in their third year of study and up to 9 months after graduation
|
Avaliable to students in their third year of study and up to 12 months after graduation
|
Avaliable to students in their third year of study and up to 6 months after graduation
|
| Loan Term
|
20 years
|
20 years
|
15 years
|
| Interest Rate
|
LIBOR + 2.55%
to LIBOR + 6.45%
|
Prime + 0.75%
|
Prime + 3.00%
|
| Auto debit Discount
|
0.25% interest rate reduction for automatic payment
|
0.25% interest rate reduction for automatic payment
|
0.50% interest rate reduction for automatic payment from Wells Fargo bank account
0.25% interest rate reduction for automatic payment from non-Wells Fargo bank account
|
| Repayment Benefits
|
0.50% interest rate reduction for borrowers who make their first 48 payments on time
|
0.50% interest rate reduction for borrowers who make their first 48 payments on time
|
0.50% interest rate reduction for borrowers who make their first 48 payments on time
|
| Co-Signer Release
|
Release after 24 full, consectuive payments on time and borrower meets specific credit criteria
|
Release after 48 full, consectuive payments on time and borrower meets specific credit criteria
|
Non Co-Signed Loan
|
| International Students
|
Yes, with eligible US citizen or permanent resident co-signer
|
Yes, with eligible US citizen or permanent resident co-signer
|
No
|
| Previous Borrowing Relationship Required
|
No
|
No
|
Yes |
