Bar Study Loan
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Advisory Services for Law School Graduates
GL Advisor is a division of
Graduate Leverage, LLC
  • Helps law school graduates manage student loan debt.
  • Conducts an analysis of a graduate's financial status and provides recommendations on how to lower the cost of debt.
  • Assists with understanding and utilizing government programs:
    • Income-Based Repayment
    • Public Service Loan Forgiveness
    • Economic Hardship Deferment
    • Federal Loan Consolidation

Get a free personalized assessment that will outline your student loan history and highlight savings opportunities.

Bar Study Loans

Recent law school graduates need as much study time as possible to prepare for the bar exam. Bar study loans give law students the financial flexibility to take the necessary time to study for the exam. Costs related to studying for the bar exam are not traditionally covered by financial aid award packages. Expenses may include bar exam registration, bar review courses, preparatory materials, housing or other bar exam related expenses.

Standard Bar Study Loan Program Eligibility Requirements and Benefits:

  • You must be in your final year of law school or recently graduated to be eligible
  • Loan limits range from $12,000 - $20,000
  • Some programs offer a 0.25% interest rate reduction when automatic payments are set up to be withdrawn from a personal bank account
  • You may have the option to apply with a cosigner which could lower your interest rate

Additional Information:

  • Bar study loan programs are private loans that can have a wide range of interest rates and fees.
  • Typically the interest rate for these programs is based on either the Prime or LIBOR interest rates. These rates vary over time and can cause changes to the interest rates of these programs.
  • Prime and LIBOR rates have been at unusually low levels since the financial market changes in late 2007 – each is currently between 2% and 3% below its 10 year average.  With the assumption these rates return to historically normal levels, the effective interest rate for loans based on Prime or LIBOR will increase.
  • Eligibility criteria have recently become more stringent. This may require some applicants to apply with a cosigner to qualify for the program.
  • Frequently, lenders disclose the range of the interest rates an applicant might receive (for example “LIBOR index plus a margin of 4% to 10.75 %”).  It’s important to understand that the interest rate you receive depends on your credit history; only exceptionally qualified applicants receive the lowest rate advertised.

Free Bar Study Loan Comparison Analysis

Unfortunately, Graduate Leverage is no longer offering bar study loans. However, our team of experts will provide detailed information about lenders that offer bar study loans. You can sign up to receive a summary of these programs’ rates, fees and published APR’s by clicking on the ‘Sign up’ button. 

We encourage students to apply for multiple programs as there are differences in eligibility criteria at different credit levels and credit ratings will not be affected by multiple inquiries for the same loan type within a 60 day time period.

If you receive multiple offers, Graduate Leverage can conduct an in-depth analysis of each offer to provide guidance on which program best fits your needs.