Many Emory Law graduates plan to take the New York bar examination. It is very important to remember that New York has changed the nature of that examination starting this year, July 2016. Please make sure to review ALL of the detailed information posted by the New York Board of Law Examiners: The New York Bar and the Uniform Bar Exam. The online application opens on April 1, one week from today.
Many law students take out a “bar loan” to cover living expenses while they study full time for the bar exam during the summer. Studying full time is highly recommended for first-time success in passing the bar exam, but it can impose financial challenges in addition to study challenges; only you can decide what your individual situation requires, but remember that a conservative estimate of the time it takes to prepare adequately for the bar exam is 600 hours total study, practice and review time. Anything that allows you to make studying your full time job is something to consider. You may also want to check with your Emory University financial aid adviser to see if you have any unused regular student loan eligibility that you could use instead of, or in addition to, a private bar loan. Some students may be able to look to family members for support; if you haven’t had that conversation yet, now is a good time to do that. If you will need to apply for a bar loan, you can do so now, during your last semester.
Four major lenders offer these private loans subject to credit checks: Discover, PNC, Sallie Mae and Wells Fargo. Other lenders may also make such loans and you can research your options. Some basic information is below; please make sure, however, to check directly with the lenders for the most accurate, complete and up-to-date information. Emory Law does not endorse any specific lender. For various loan analysis calculators, you can visit www.finaid.org.
The New York Board of Law Examiners has posted information about new rules and a link to this year’s online bar application which will open on April 1. Click here for details and for all direct, updated information about the New York bar exam.