Student Loans For Law Students

Every student no matter what their major is has a need for student loans. In some cases there are special loans for Doctors, Nurses, Teachers and Law Students. Loans for Law Students could come in handy, especially because the tuition is so expensive. There are many types of loans and financial aid you could get but they may not be enough. One of the loans that is available for law students is a private loan from Citibank. The loans are called Citi Assist Bar Exams Loans.

The loans offer a great interest rate of 0.25%; this is available when you join the auto debit payment program. These loans like all students loans are not expected to be paid back until you graduate from law school. One the things about the CitiAssist Bar Exam Loans is that you could choose from paying the interest off while you are in school or wait until after graduation. Keep in mind that this is just the interest we are talking about. Possibly by paying it back while in school could significantly reduce the amount of money you will have to pay after graduation.

To be eligible you have to qualify for the following:

· You have to be at least 18 years old except in Alabama, Nebraska you must be 19. In Mississippi and Puerto Rico you must be 21 years old. · You have to be enrolled in a part time programs or completed a graduate law program at an accredited and approved College or University located in the United States. · You must be in your third year of law school or up to 12 months after graduation · You have to have expenses that are associated with studying for the Bar Exam.

These loans are available with and without a cosigner, But keep in mind private loans from private lenders are all subject to a credit approval. So it you don’t have the best credit then you may want to line up a cosigner. The CitiAssist Bar Exam Loan has a borrow limit of $ 15,000 and a minimum of $ 1,000. Students who are accepted into this loan program have up to 20 years to repay the CitiAssist Bra Exam Loan. If you experience any part of loan consolidation or forbearance then this is added into the 20 years.

If you choose the CitiAssist Bar Exam Loan then you will get your own Online Account Management. You will be able to see how the loan is being used and it can keep track of your payments as well. If you are interest in applying for this loan you can apply right online or stop into your local Citi Location and get an application. If you apply online you can find out in as little as 3 minutes if you have been preapproved. You can apply online Monday Thru Friday from 7:00am to 11:00 pm.

Before you start applying left and right for private student loans, keep in mind that these application inquiries into loans will appear on your credit report. It would be a good idea to gather information about each loan and then decide which ones you are going to choose to apply to. It would also be a good idea to speak to a representative if you have any questions about eligibility.