Bar Study Loan ®
The Bar Study Loan helps finance bar exam costs, such as bar review course fees, bar exam deposits and fees, as well as living expenses.
Eligibility
- You may apply for a Bar Study Loan if you are enrolled at least half time in your final year of study at an ABA-accredited law school, or have graduated from one within the last 12 months.
- You must be sitting for the bar exam no later than 12 months after graduation.
- International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and U.S. Citizenship & Immigration Service (USCIS) documents.
- You must meet current credit and other eligibility criteria.
Benefits
- Pricing that rewards creditworthy borrowers.
- A creditworthy cosigner may help you receive a lower interest rate.
- A 0.25 percentage point interest rate reduction is available for automatic debit.1
Features
- 24/7 online account management.
- Combined billing is available for Sallie Mae-serviced student loans.
- There is no prepayment penalty.
Loan terms
Loan limits
You may borrow only one Bar Study Loan; a minimum of $1,000 up to a maximum of $15,000.
Interest rate
- The Sallie Mae Bar Study Loan has interest rates that reward good credit. Interest rates are variable and are reset monthly based on the one-month LIBOR Index.
Fees
Repayment
- Flexible repayment options are available.
- Prepay your loan at any time without penalty.
Download an application for the Bar Study loan:
Is your school in Iowa?
Borrowers who are attending law school in Iowa should download and print the important notice about your loan below.
Iowa: Instructions for completing the Bar Study Loan application (PDF, 40KB)
Learn how to earn these benefits
Apply for a - Bar Study Loan