Consolidating student loans bank america
Important Update: Until recently, Bank of America administered Federal Student Loans. For specific information, contact Bank of America directly at 1-800-344-8382 Bank of America is a student loan originator that works with the government to provide college loans.Currently, these loans are issued exclusively through the U. If you are awarded student loans, as part of your federal financial aid package, you choose your own lender. Bank of America handles most federal loans, including Stafford Loans, PLUS loans (for parents), Graduate Student PLUS loans and Federal Consolidation Loans.The service includes: In addition to student-friendly banking options, BOA puts forth a number of credit cards, like The Bank of America Student Platinum Plus Visa Card, that are designed with college students in mind.The card includes 4 years of free identity theft protection and no annual fees.A competitive interest rate and a host of student-friendly services help you build your own credit, as you attend school.Additional credit-building opportunities include cards that earn rewards, like the Bank Americard Travel Rewards for Students Card and the Bank Americard Cash Rewards For Students Card. The following entry is maintained as a historical reference, and to serve as a resource; should Bank of America initiate student loans at a future date.It helps with higher education expenses like textbooks, transportation, dorm fees and meal plans.
“Solutions for Students” is a convenient banking resource for college students.Student loan consolidations from Bank of America provides a credit-saving option for students with more than one outstanding loan.The option allows borrowers to roll all their education loans into one single loan, which can be structured for repayment, with affordable terms.Note that Stafford Loans are issued as ‘dependent’ loans or as ‘independent’ loans.
When determining financial aid needs for dependent students, the Department of Education considers parental income, as part of the financial aid application.
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