About Bar Study Loans

  • What is a Bar Study Loan?

    What is a Bar Study Loan? A Bar Study loan is a private loan that law students can use to help them while they are preparing to take the Bar Exam. It covers costs such as bar exam preparation courses, living expenses and relocation costs. Because the Bar study loan is a private loan the terms and conditions are set by the individual lenders offering these programs. Generally students are eligible to receive up to $15,000-$20,000 on a Bar Study loan.
  • Is the Bar Study Loan a federal loan?

    The Bar Study Loan is not a Federal Loan. A Bar Study loan is a private loan that law students can use to help them while they are preparing to take the Bar Exam. It covers costs such as bar exam preparation courses, living expenses and relocation costs. Because the Bar Study Loan is a private loan the terms and conditions are set by the individual lenders offering these programs. Most lenders will loan up to $15,000, and a few up to $20,000, on a Bar Study loan.
  • Where can I find information about Bar Study Loans?

    There are a number of lenders who offer Bar Study loans. Your financial aid office may have information about different program, they may also direct you to research different programs on the internet to find the best loan for you.
  • How much can I borrow on a Bar Study Loan?

    How much can I borrow on a Bar Study Loan? A Bar Study loan is a private loan that law students can use to help them while they are preparing to take the Bar Exam. It covers costs such as bar exam preparation courses, living expenses and relocation costs. Because the Bar study loan is a private loan the terms and conditions are set by the individual lenders offering these programs. Generally students are eligible to receive up to $15,000-$20,000 on a Bar Study loan.
  • What is the interest rate on a Bar Study Loan?

    The Bar Study loan is a private loan where each lender sets the terms and conditions. Interest rates can vary on Bar Study loans from program to program. Banks typically set their rates at the LIBOR plus a percentage, which can range anywhere from as low as 3% to 15% at the majority of lenders, in some cases higher. It is important to thoroughly research each Bar Study loan program and understand the terms and conditions on each loan.
  • What can I use the Bar Study Loan to pay for?

    A Bar Study loan is a private loan that law students can use to help them while they are preparing to take the Bar Exam. It covers costs such as bar exam preparation courses, living expenses and relocation costs. Because the Bar study loan is a private loan the terms and conditions are set by the individual lenders offering these programs. Generally students are eligible to receive up to $15,000-$20,000 on a Bar Study loan.