Bar Exam & Study Loans: Refinancing Options
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What Are Bar Exam Loans?
Bar Exam Loans vs Student Loans
How to Get a Bar Exam Loan
Check your credit. Take a look at your credit score to see what range it falls in, whether fair, good, or exceptional. If your credit is weak, you might take steps to build it before you apply. Alternatively, you could enlist a cosigner to help you qualify for a bar exam loan or access better interest rates. Compare lenders. Research lenders that offer bar exam loans and make sure you meet their eligibility requirements. For instance, some lenders require that you’ve graduated from law school within a certain number of months of applying for the loan. Prequalify for a loan, if possible. Some lenders let you check your rates online through prequalification. This option helps you compare offers without harming your credit score. Keep in mind, though, that the details of your offer could change after you submit an official application. Compare your loan offers. As you compare bar exam loans, look for a loan with a competitive interest rate and low (or no) fees. Review your repayment term options, as well as what your monthly payment would be. You might also read over customer reviews of the lender to see if other borrowers had a decent experience. Gather your documentation. Once you’ve selected a loan offer, gather any documentation you’ll need to apply, such as your ID, bank account information, or pay stubs from work. Submit an application. At this point, you’ll fill out a full application with your personal details and any required documents. You can generally apply online, and the lender will likely run a hard inquiry to check your credit. Receive your loan. Once the lender processes and approves your application, you’ll receive your bar exam loan. Read over your loan agreement to see when your first payment is due.
Alternatives to Bar Exam Loans
Refinancing and Consolidation Options for Bar Exam Loans
Frequently Asked Questions
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