About Fifth Third Bank

Fifth Third Bank headquartered in Cincinnati, Ohio is a regional banking corporation which operates a diversified range of financial service through 18 affiliates and more than 1,300 locations in the United States. As a leader in the financial services industry, it has combined technology with top-notch service to facilitate the financing process. Its business line extends from savings account, credit cards and mortgage to CDs, investment & wealth management and all kinds of loans.

Fifth Third offers many types of aids to help students cover their school costs. In fact, Fifth Third was one of the service providers of federal loans, offering Federal Stafford Loans, Parent PLUS Loans, Graduate PLUS Loans, which help numerous students enter their long cherished universities. However, the bank and other private entities were prohibited from originating federal loans after July 1st, 2010 by law.

But private student loans are still available in Fifth Third which offers help to those, who otherwise have no chance to attend college. The Smart Option Student Loan is the perfect solution for students who already have scholarship, grants, federal loans and other financial aids. It is available for both graduate and undergraduate students, regardless of their major.

The benefits of this loan include:

  • 1) Getting the money you need
  • 2) Earning rewards by paying on time
  • 3) Competitive interest rates and no origination fees
  • 4) Getting quick credit result

Dental Residency and Relocation Loan is specifically for dental students. You can get a minimum of $1,000 up to a maximum of $15,000 through 24/7 available online application. More benefits are attached to this student loan, such as 0.25% interest rate reduction for automatic debit, no repayment fee and no penalty prepay.

But not all dental students are eligible for Dental Residency and Relocation Loan, and you need to comply with the following requirement:

  •  Being a U.S. citizen or permanent resident or a foreign borrower applying with a creditworthy U.S. citizen or permanent resident.
  •  Having no student loans that are delinquent or in default.
  •  Meeting current credit and other eligibility criteria.

Medical Residency and Relocation Loan in Fifth Third Bank is designed for students in their final year of medical school. It covers the expenses on finding a residency, travel to interview and relocation costs (which are always excluded by federal loans), so as to help medical students with their future job. The benefits and features of this loan are similar to that of dental loan, and the only difference lies in the eligibility, which requires

  •  You must be a U.S. citizen or permanent resident.
  •  You must be enrolled in your final year of study at an allopathic or osteopathic school of medicine.
  •  You must expect to be awarded the M.D. or D.O. degree during the same academic program year that you are applying for the Residency and Relocation Loan.
  •  You must meet current credit and other eligibility criteria.
  •  You must apply between August 1 and June 15 of the academic year in which you are in the final year of medical school.

Law school student can make use of Bar Study Loan which helps finance bar exam costs, which include bar review course fees, bar exam deposits and fees and others. It is for students who are enrolled at least half time in their final year of study at an ABA-accredited law school, or have graduated from one within the last 12 months. The amount of the loan varies from $1,000 to $15,000.

Whatever type of loan you choose with Fifth Third, you will always be supplied with three repayment options so at to enjoy more flexibility while in school and graduate with less loan debt.

  • 1) Interest repayment option. Pay interest while in school and for six months after school.
  • 2) Fixed repayment options. Make a low fixed monthly payment while in school and for six months after school without prepay penalty.
  • 3) Deferred repayment options. Defer payments until after school.

Fifth Third Bank Official Website: http://www.53.com

Read Also:

Fifth Third Bank Loan Types & Application Process

As the principal subsidiary of holding company Fifth Third Bancorp, Fifth Third Bank is a large corporation operating a diversified range of financial service mainly through the internet. For people in need of money, this bank will prove to be very helpful.

This web site is not affiliated with Fifth Third Bank. We recommend Fifth Third Bank official site for more accurate information of its financial services.