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Barristers

Barrister finance

updated on 09 March 2020

If you’re thinking of becoming a solicitor, take a look at our specific "Solicitor finances" page.

Becoming as a barrister is expensive. Future advocates should investigate potential sources of funding at each stage of the process.

Undergraduate degree

Firstly, there are your undergraduate degree tuition fees to consider. Universities are able to charge fees of up to £9,250 per year, so you should check the cost of with individual institutions. However, be aware that the majority of universities charge the maximum tuition fee of £9,250 per year.

There are two types of student loan available for your undergraduate degree:

  • A student loan for fees (commonly called the ‘tuition fee loan’) covers the full amount of your fees - the full amount available being set at £9,250 for the academic year 2019-20.
  • A student loan for maintenance (usually called the ‘living costs loan’) will depend on where you are studying and whether you live independently or with family. For example, in the academic year 2019-20, the loan if living independently and studying in London is up to £11,354.

Most students have to use both types loan, but the loans are repayable only after you have graduated and even then you pay only 9% on any earnings over the repayment threshold of £25,000 a year, £2,083 a month or £480 a week. If you are paid less than that, you don’t repay the loan.

Some grants are also available from your university or indirectly through the normal loans application process (the money actually comes from your local education authority). Government maintenance grants were scrapped in 2016 – a move described as “disgraceful” by the National Union of Students.

Visit the government’s student finance website for more details of how financial support is administered. You can also use the government’s student finance calculator to estimate your loan amounts and any extra funding for which you could be eligible.

Postgraduate courses

Law conversion/GDL fees

If you did a non-law degree, you have to study the Graduate Diploma in Law (GDL). Fees range up to £12,050 (for a full-time course in London in 2019-20), but can be significantly less outside London. Added to these fees are your own living costs.

Bar course fees

From September 2020, the BPTC is being replaced by a range of new Bar course options. They all lead to the same destination – being ‘called to the Bar’ – but fees, formats and teaching styles differ among universities and law schools.

The good news is that many of the courses are less expensive than the old BPTC. Read LawCareers.Net’s guide to the new Bar courses for more information. Again, courses in London tend to be more expensive, and of course you still have to pay living expenses.

Student Loans Company postgraduate funding

Postgraduate loans from the government are only available for master’s courses, not diplomas or professional certificates, meaning that postgraduate loans are not available for the standalone law conversion or Bar course.

However, many law schools and universities offer these postgraduate courses with a master’s qualification included, so postgraduate loan funding is available if you choose a course with a master’s component.

Postgraduate loans go up to a maximum of £10,906. It is up to the student to decide how they want to divide the loan between paying course fees and living costs.

Future finance loans

The biggest private student loan provider in the UK is Future Finance. Loans range from £2,000 - £40,000, covering both tuition fees and living costs.

These loans are also available to EU and international students, as well as those from the UK.

To secure a Future Finance loan, you need to apply six months before you start your postgraduate course. To find out more about the loan and see if you are eligible, go to the Future Finance website.

Graduate bank loans

Loans for postgraduate study are also available from many high street banks. A graduate loans is a viable way to fund the GDL, but you should exhaust all your other options first.

Loans range from £1,000 to £15,000 and are subject to a suitability assessment. Contact your bank to find out what support it may be able to provide.

Inns of Court scholarships

For information about the scholarships available at each of the four Inns of Court, go to the Inns of Court Scholarships section. 

Between them, the four Inns of Court offer millions of pounds in awards every year. They umbrella term 'award' is used to describe all scholarships, bursaries and grants.

Each Inn is a completely separate entity and so the rules governing scholarships differ. Amounts vary from £100 up to £22,000 and all are awarded on merit, although some Inns have awards for certain achievements. Most awards are given to students on the Bar course, but the Inns also have funds available for those on the law conversion.

It’s advisable to apply in the final year of your degree or in the year before starting the law conversion or Bar course. The Inns’ websites have application forms which ask for character details, legal experience, income/funds and references. You can apply for scholarships only at one Inn. If the scholarships committee likes your application, it will invite you to an interview.

For a summary, read our guide to joining an Inn of Court. Contact the Inns direct for more information: www.lincolnsinn.org.ukwww.innertemple.org.ukwww.middletemple.org.uk and www.graysinn.org.uk.

Charities

Some grant-making trusts and charities may offer financial assistance to those seeking to qualify as a barrister. You can find information about grants, loans and other funds from your local education authority awards officer.

Pupillage

As of September 2019, the minimum pupillage award increased from £12,000 to £15,728 a year outside London and £18,436 in London. Prestigious chambers may award pupils more than this.

The minimum pupillage pay level will also increase year on year in line with the recommendations of the Living Wage Foundation.

Reality check

It is important to be aware that around two thirds of Bar course students and graduates never go on to secure a pupillage, so the path to becoming a barrister is a highly expensive one with no guarantee of a career at the end of it. Reflect on whether you have the skills and CV to beat the odds before you enrol on the Bar course.