Bar loans assist students with costs associated with the bar exam, including bar exam prep courses and living expenses while studying for the bar exam. The amount a student borrows depends on minimum and maximum amounts allowed by the lender and what amount the student determines necessary.
Bar loans typically carry higher interest rates and have less appealing repayment options than federal loans. Before applying for a bar loan, students are encouraged to borrow federal loans for up to their maximum federal cost of attendance.
Bar loan programs can have strict credit criteria and students may want to apply with a co-signer. Delaware Law will certify the student’s graduation date and the loan funds will be directly disbursed to the student.
Currently, Delaware Law is aware of five bar loan programs. As lenders re-enter the credit market they will be added to our list. Please use the following links to lenders:
Terms and Conditions will vary from lender to lender. A comparison chart is provided below:
Bar Loan Information (pdf)