Bar Study Loans

Bar Study Loans are private, credit-based student loans designed to assist graduating students and recent graduates with the cost of preparing for and taking the bar exam.  Generally, students may be eligible to borrow up to $15,000; the maximum is set by the lender based on credit worthiness and total indebtedness.  The interest rate is variable and changes quarterly, with either no cap or a very high cap.  Only borrow what you absolutely need.

Keep in mind that Bar Study Loans cannot be consolidated with your federal loans.  Also, Bar Study loans do not offer the same repayment and forbearance options as federal loans.  It is ineligible for any of the Federal Loan repayment options currently available, such as Income Based Repayment, and cannot be included in the Federal Public Service Loan Forgiveness Program.  It is therefore, recommended that you exhaust your maximum federal loan eligibility before borrowing a private Bar Study Loan.

Students should consult with the Financial Aid Office before applying for a private Bar Study loan.