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After you graduate from law school, you’ll still have one thing left to do before beginning your career as an attorney — passing the bar exam. Since you can’t work as an attorney until you pass the bar, a bar exam loan could help you cover your expenses while you prepare for and take the exam.
Here’s what you should know about how bar exam loans work and where to get one: Bar exam loans cover your living expenses between graduation and taking the bar exam
Law school student loans can help you make it through school — but your path to becoming a practicing lawyer doesn’t end there. You still have to pass the bar after you graduate, which can take months of studying and preparation.
Because you won’t be able to work as an attorney until you pass the bar exam, you might need to borrow money to cover living expenses, test preparation, and exam fees. Depending on where you live, these expenses could vary widely.
With a bar exam loan (sometimes called a bar prep loan or bar study loan), you’ll typically be able to borrow around $12,000 to $16,000 to cover your costs before you start earning a lawyer’s salary. If you’re not a U.S. citizen, student loans for international students might also be an option. Lenders that offer bar exam loans
If you’re looking to take out a bar exam loan, it’s important to compare rates from multiple lenders to find the right loan for you. Here are a couple of Credible’s partner lenders that offer bar exam loans: How to get a bar exam loan
If you’d like to take out a bar exam loan, follow these steps: Get your finances in order: Review your personal finances and credit history and look for any areas you might be able to improve before applying for a bar exam loan. For example, you might be […]