Sallie Mae Bar Study Loan - Application Details - Interest, Repayment, and Eligibility

Sep 21, 2026

Sallie Mae Bar Study Loan application details outline borrowing limits up to $15,000 total and explain that the $15,000 aggregate includes only this Bar Study Loan. The loan provides a nine-month grace period, with variable rates based on SOFR plus a margin and fixed rate ranges, and describes repayment up to 15 years subject to a $50 minimum monthly payment. It also covers incentives such as auto-debit discounts and death/disability loan forgiveness, plus eligibility requirements for ABA-accredited law students or recent graduates.

LanguageEnglish

CategoryExam

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

Application Link

Borrowing Maximum and Cumulative Debt Limit

Fees and Grace Period

Interest Rate (Variable and Fixed)

Length of Repayment

Repayment Incentives

Bar Study Loan Eligibility

Credit, identity, and enrollment verification

Citizenship and cosigner requirements

Requested loan amount minimum

Disclosures and Notes

Prepayment treatment and interest capitalization

Rate assumptions for advertised APR

Example transaction and loan cost

Death and disability forgiveness

Sallie Mae® Bar Study Loan | Application Link | Sallie Mae® Bar Study Loan | | --- | --- | | Borrowing
Maximum | The maximum amount for one or more loans collectively cannot exceed
$15,000 . | | Cumulative Debt Limit | The aggregate limit of $15,000 is inclusive of only the Bar Study Loan. | | Fees | No1
*Please refer to the disclosures for additional information. | | Grace Period | There is a nine-month grace period for the Sallie Mae Bar Study Loan.2
*To view a typical repayment example, [visit](visit salliemae.com/ratesheet. Please refer)[ ](visit salliemae.com/ratesheet. Please refer)[salliemae.com/ratesheet](visit salliemae.com/ratesheet. Please refer)[. Please refer](visit salliemae.com/ratesheet. Please refer) to the disclosures section for additional information. | | Interest Rate | • Variable rates: SOFR + 3.00% to SOFR + 12.50%(APR: 6.51% to 16. 12%)3
• Fixed rates: 7.25% to 15.38%(APR: 7.01% to 15.26%)3
To view a typical repayment example, [visit](visit salliemae.com/ratesheet. Please refer)[ ](visit salliemae.com/ratesheet. Please refer)[salliemae.com/ratesheet](visit salliemae.com/ratesheet. Please refer)[. Please refer](visit salliemae.com/ratesheet. Please refer) to the disclosures section for additional information. | | Length of Repayment | The maximum repayment term for the Bar Study Loan is 15 years subject to a
$50 minimum monthly payment.4
To view a typical repayment example, [visit](visit salliemae.com/ratesheet. Please refer)[ ](visit salliemae.com/ratesheet. Please refer)[salliemae.com/ratesheet](visit salliemae.com/ratesheet. Please refer)[. Please refer](visit salliemae.com/ratesheet. Please refer) to the disclosures for additional information. | | Repayment
Incentives | • Bar Study Loan funds are sent directly to the borrower via paper check.
• Death and disability loan forgiveness5
• Auto debit benefit6
• Quarterly FICO® Credit Scores are available online for free7
*Please refer to the disclosures section for additional information. | Disclosures We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan Bar Study Loan Eligibility: This loan is for students who are enrolled at least half-time in their final year of study at a participating ABA-accredited law school, or have graduated from one within the last 12 months. Students should be sitting for the bar exam no later than 12 months after graduation. This loan is subject to credit approval, identity verification, signed loan documents, and enrollment verification. Student or cosigner must meet the age of majority in their state of residence. Students who are not U. S. citizens or U. S. permanent residents must reside in the U. S., graduate from, or attend school in the U. S., and apply with a creditworthy cosigner (who must be a U. S. citizen or U. S. permanent resident). Requested loan amount must be at least $1,000. 1. No prepayment penalty: Although we do not charge a penalty or fee if the borrower prepays his/her loan, any prepayment will be applied as outlined in the promissory note-first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. 2. Interest is charged starting when the funds are sent to the borrower. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. Variable rates may increase over the life of the loan. 3. Advertised APRs for Bar Study Loan assume a $15,000 loan disbursed at the time of the student's graduation from school. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised varia

FAQs

What is the maximum amount you can borrow for the Bar Study Loan?

The combined maximum amount for one or more loans collectively cannot exceed $15,000. The $15,000 aggregate limit is inclusive of only the Bar Study Loan.

How long is the grace period and when does interest begin?

A nine-month grace period applies to the Sallie Mae Bar Study Loan. Interest is charged starting when the funds are sent to the borrower.

What are the eligibility requirements for this Bar Study Loan?

The applicant must be enrolled at least half-time in their final year at a participating ABA-accredited law school or have graduated within the last 12 months, and must be sitting for the bar exam no later than 12 months after graduation. Credit approval, identity verification, signed loan documents, enrollment verification, and cosigner age-of-majority requirements apply, and non-U.S. citizens must reside and study in the U.S. with a creditworthy cosigner.

Sep 21, 2026

Uploaded by Emma Wilson