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Bar Study LoansCredit worthy JD students or those with a credit worthy co-signer. may eligible for bar study loans which are private educational loans that can be used to cover the costs associated with bar preparation courses and bar exam expenses. Various lenders have varying requirments, interest rates, and borrowing limits. Generally the maximum loan is $15,000. Bar Study Loans should be researched, applied for, and procured entirely by the student and is NOT considered part of your financial aid package. This means the loans will be sent via paper check to the borrower directly, not the School. Other Terms and conditions of bar study loans may include: - Borrow up to $15,000, depending on the lender
- Must be creditworthy to be eligible or have a creditworthy cosigner
- Some lenders require that you must have previous borrowing relationship
- Variable interest rate through the life of the loan
- Disbursements can be determined by the borrower
- Disbursements are sent directly to the borrower. It is important that the lender has the correct address information as paper checks will be mailed to the borrower directly
Many of these lenders have an online applications; When you visit this link it is recommended that you download the pdf application from a lender (i.e. Nellie Mae). You will first print the application, call them for a credit check, complete the application with or without a co-signor, bring it by the business office to have it certified, and YOU mail it to the lender. They need the original and this is the best way for the student to track and procure this loan. Other loans may include:
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