Students graduating in May 2015 may borrow a University Bar Study Loan for the amount of $4,200 from Berkeley Law. These loans are to cover bar exam costs and living expenses while preparing for the examination. The Bar Study Loan is not available to students who are blocked or have a university account that is past due.
The application is available for download from the Financial Aid Forms webpage.
INSTRUCTIONS
Please return all completed documents in person to the Berkeley Law Financial Aid Office at 396 Simon Hall no later than April 3, 2015. The office hours are Monday—Friday from 9:00 AM—4:00 PM. Applications received by mail will not be processed! Please refer to the application for more instructional details.
LOAN REPAYMENT
Repayment of Bar Study Loan begins January 1, 2016 with the first payment due on February 1, 2016.
Payments are due on the first of each month until the loan is repaid in full. The interest rate is 8 % and the interest will be calculated beginning January 1, 2016. The borrower will have 30 months to repay the loan but there is no penalty for early repayment. Bar Study loans are no longer eligible for repayment assistance through Berkeley Law’s Loan Repayment Assistance Program and cannot be consolidated into the Federal Direct Loan program. ACS will be the servicer for this loan.
Remember: Each applicant is responsible for the accuracy and completeness of all submitted information.
Good luck on the bar exam!