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Bar Study Loans

Bar loans are private, credit-based student loans designed to assist students and recent graduates with the costs of preparing for and taking the bar exam.  Bar study loans may be a useful option if you do not have the finances necessary to cover your bar exam costs and your living expenses while you study for the bar.  Unlike educational loans borrowed during the academic year, the amount offered will be determined by the lender.  Generally students may be eligible to borrow up to $15,000; however, the maximum is set by the lender based on credit worthiness and total indebtedness.  The interest rate on these loans is variable and it changes every quarter, with no cap or a very high cap.  With a Bar Study Loan you will have a separate repayment obligation with the lender.

Before borrowing a Bar Study loan, we strongly encourage you to review your estimated expenses. Also, investigate if you have any remaining annual federal loan eligibility. If you have not exhausted your maximum federal loan eligibility, you would be better advised to do so before borrowing a private Bar Study Loan. Federal education loans may be a less expensive option than a private loan and carry several benefits that private loans do not, e.g., lower fees, deferment, cancellation and generous repayment terms. A Bar Study Loan cannot be included in a federal loan consolidation; it also is ineligible for any of the federal loan repayment options currently available, such as the income driven repayment plans, and a Bar Study Loan cannot be included in the Federal Public Service Loan Forgiveness Program.


Applications should not be submitted any earlier than two months before graduation and may be submitted up to one year after graduation. If you wish to apply for a bar study loan carefully evaluate your lender options and apply directly with the lender you choose. Once you are approved by your lender, complete the Bar Study Loan Certification Request form and return it to the Law School Financial Aid Office. Bar Study Loans do require school certification; however, unlike other education loans, bar loan funds are mailed directly to the borrower’s address as indicated on the loan application, rather than being delivered to the student’s Fordham University account. School certification may take up to two weeks to process, and new federal regulations require a ten-day waiting period before private loan proceeds are made to a borrower.


Fordham Law School does not have a preferred lender’s list. Bar Study Loan lenders are listed below only to assist students in finding a lender. Follow the links to view interest rates, borrowing limits, fees, and repayment terms.