Bar Examination Loans

Some lenders offer bar exam loans which are designed to assist graduating law students in their efforts to finance bar exam-related expenses. While these loans are not part of your academic year financial aid, they still need to be certified by our financial aid office in order to verify that you are expected to graduate. The loan check will be mailed directly to you. Any documentation you need regarding graduation date, can be obtained through the registrar, William Jackson.

Carefully research interest rates, repayment terms, application deadlines, and fees in order to decide which loan works best for you.

The comparison chart below will help you focus on the important terms of any loan program you review regardless of which lender you choose and allow you to make an informed decision on which program you want to borrow through. Please note that Discover loans, Fifth Third Bank loans and Wells Fargo loans will be certified electronically while the Sallie Mae Bar Study Loan requires schools to complete a paper certification. If you apply for a Sallie Mae Bar loan, you will need to submit your paper application to our office. We will then complete the school section and send it to Sallie Mae via FAX.

To apply and for more detailed and updated information regarding the bar loan programs from these lenders, please click on the links below:

Bar Loan Comparison Chart
  Discover Bar Exam Loan
800-788-3368
Sallie Mae Bar Study Loan
800-984-0190
Wells Fargo Bar Exam Loan
800-378-5526
Borrowing Maximum $16,000 $15,000 $12,000
Cumulative Debt Limit $225,000 None $180,000 (including bar loan)
Origination Fee 0% 0% 0%
Grace Period 9 months after graduation 9 months after graduation 6 months after graduation
Interest Rate

Variable rates: 3-Month LIBOR + 3.74% to 3-Month LIBOR + 8.49% (APRs from 4.12% to 8.87%)

Fixed rates: 6.49% APR to 11.24% APR

Variable interest rates range from 3.25% APR to 9.96% APR

Variable interest rates as low as 7.23% APR (with discount) to 7.69% APR (without discount)

Fixed interest rates as low as 9.07% APR (with discount) to 9.53% APR (without discount)

Length of Repayment 20 years 15 years 7 years
Repayment Incentives 0.25% interest rate reduction for automatic debit payments 0.25% interest rate reduction when automatic payments are made

0.25% rate reduction for previous Wells Fargo student loan or other qualifying account

0.25% interest rate reduction for enrolling in automatic payments

Eligibility

Enrolled in final year of law program or have graduated within 6 months

U.S. citizen, U.S. permanent resident with a valid Social Security number and U.S. address

An international student borrowing with a credit worthy cosigner who is a U.S. citizen or non-citizen permanent.

Enrolled in final year of law program or have graduated within 12 months

Sitting for the bar no later than 12 months after graduation

U.S. citizen, U.S. national, or permanent resident alien without conditions and with proper evidence of eligibility

An international student borrowing with a credit worthy cosigner who is a U.S. citizen or non-citizen permanent.

Enrolled in final year of law program or have graduated within 30 days

Have an established, positive credit history

U.S. citizen, U.S. national, or permanent resident alien without conditions and with proper evidence of eligibility