Bar Study Loans
Bar Study Loans are credit-based, private student loans that help finance bar exam costs such as bar review course fees, bar exam deposits and fees, and living expenses. Approved bar loan application notices and checks are mailed directly to the student.
Lenders that offer Alternative/Private Student Loans offer varying interest rates and terms. Some require repayment while enrolled. Others have different interest rates for students in JD or LLM programs in campairson to undergraduates or students in other fields of study. Below are links to some borrowing sources. You have the right to borrow from any lender. You should compare alternative loan lenders to determine which lender best meets your needs. Wayne State University Law School has no financial interest in a student’s choice of lender. If you are denied credit, you may request an appeal from your lender.
Bar Exam Financing Tips
- Explore all federal loan options before applying for private loans. Have you borrowed the maximum Federal Direct Unsubsidized or Graduate PLUS Loan?
- Documented paid bar exam costs (but, not bar prep courses) may be added to your budget to increase federal loan eligibility. See the Budget Review Request Form on our Forms Web page for eligibility requirements.
- Plan early to take advantage of lower bar exam and bar study program costs.
- Apply for a bar loan with a co-signer for a lower interest rate.
- Set a budget for yourself and borrow only what you need.
- If you are denied a loan, request information from your lender about appealing the decision.
ABA Law Student Division Bar Review Discounts and Scholarships