Where to Get
a Student Loan?
Try Bank of America
There are many different types of easy student
loans you can get through the Internet. Generally, student loans are offered by
the government. But there are several Banks that have student loans, like Bank
of America has an application for Student Loans for:
Parents
Undergraduates
Graduates
Federal & private loans
Federal Loans: Stafford Loans
Students who want a low-cost loan backed by the federal government.
Standard
features 0% loan origination fee; 0% federal default fee
Borrower discounts
for other locations may be different.
Subsidized Stafford Loan
For
students who can prove financial need.
* Interest paid by the federal government
on some loans while student is in school fulltime, or at least half time
-
No payments until six months after student leaves school or drops below half-time
status
Unsubsidized Stafford Loan
For students who are unable
to prove financial need.
* Interest accrues as soon as loan is disbursed
- No credit check required
Maximum loan amounts
Dependent undergraduate
students. Students who do not meet the criteria for an independent student.
-
Up to $2,625 for your freshman year
- Up to $3,500 for your sophomore year
- Up to $5,500 for each remaining undergraduate year
PLUS Loan
Parent
loan for Undergraduate Students (PLUS) for flexible payment options. You can get
a PLUS loan if you are a creditworthy parent, adoptive parent, or spouse of a
remarried parent of a dependent undergraduate student enrolled at least half time
in an eligible institution.
Standard features - Borrow the total cost
of undergraduate education minus expected financial aid - 0% federal default fee
- Low interest rate, adjusted annually by the United States Department of Education
- No penalty for early repayment
Graduate PLUS loan
Graduate and
professional students who want a low-cost loan backed by the federal government.
Borrower eligibility includes: - Graduate or professional student - Student must
be enrolled at least half time in a degree program - Graduate or professional
student and endorser, if applicable, must have a valid Social Security number,
be a U.S. citizen or eligible permanent resident, and be creditworthy.
Standard
features - Borrow the total cost of education, as determined by the school,
minus expected financial aid - 0% federal default fee1 - Low fixed-interest rate,
adjusted annually by the United States Department of Education - No penalty for
early repayment
Consolidation Loan
Students who want to consolidate
multiple federal student loans. You must have federal student loans with Bank
of America or multiple federal student loans with other lenders. Loans for consolidation
have to be either in grace periods or repayment status.
Eligible loans
include: - Stafford loans - Consolidation loans - PLUS loans (only consolidated
with other PLUS loans) - Perkins loans - Health Professions Student loans - Loans
for Disadvantaged Students - William D. Ford federal direct loans
Standard
features: - Reduce loan payments by up to 50% by extending your repayment
term - Refinance outstanding federal student loans into one new loan - Low fixed-interest
rate.1 - Flexible repayment plans - No prepayment penalties
Bank of America Private Loans
For Undergraduate and Graduate Students. Bank of America Private loans are for students looking to cover education expenses that federal aid won't cover.(your school certifies the loan)
- Undergraduate
- Graduate
- Law
- Bar Study loan
- MBA
- Maximizer Medical loan
- Dental
Standard features
- Flexible payment options - Repayment
can be extended up to 20 years. Minimum monthly payment amount is $50 regardless
of amount borrowed
- Desirable loan limits - Minimum loan amount is $1,000;
annually, borrow up to entire cost of your education minus other financial aid
(for undergraduates)
- High maximum - Maximum cumulative loan amount (including
all student loans) without co-borrower is $225,000 for Dental and Medical, $130,000
for Law and $120,000 for all other graduate loans
Bank of America TERI Loans
Bank of America TERI loans are for undergraduate, graduate and professional students who are enrolled at approved schools. Bank of America TERI loans are designed to meet your needs whether you're considered creditworthy or credit-ready. You are considered a creditworthy student if you have a satisfactory credit history, residence and employment history and sufficient current income to meet established credit criteria. You're considered credit-ready if you have good or no credit history. A credit-ready student's employment, income and length of residency are not taken into consideration. A co-signer may be required but can be released from the obligation after the student borrower makes 48 consecutive on-time principal and interest payments and passes as creditworthy.
Standard features
-
Low interest rate
- Fast, convenient application process
- Flexible repayment
options, including deferring payments until after graduation
- Quick online
application
- Must be enrolled at least half time
Private Loans
Education
Maximizer loans
Cover the costs that other student loans may not with the Education Maximizer loan from Bank of America. It can give you the extra money you need, right when you need it. (school certification not required)
-
Conditional approval in as little as 15 minutes - no school certification required.
- Funds - up to $40,0002 per year - go straight to borrower.
- Helps you cover
additional education-related expenses - computers, trips home, dorm essentials,
etc.
- You don't have to pay it back until you graduate or cease to be enrolled
at least half-time
Bank of America Student Loan Program: Education Loan
Enjoy ease and convenience. Get these great benefits with the Bank of America Student Loan Program's Education Loan:
- Quick prequalification
- Interest
rate reductions for automatic payments and good payment history
- Use for
tuition, room and board, books, computer, travel, study abroad and more
-
Easy to apply online or by phone
Use for a wide variety of education like:
- Undergraduate education
- Graduate school
- MBA education
- Medical education
- Legal education
- Continuing education
- Study
abroad
Bank of America Student Loan Program: Consolidation Loan
Consolidate
payments
Save time and hassle with a single monthly payment when you consolidate
your education loans. You also may qualify for lower initial payments by consolidating.
Other
features:
- Loans from $10,000 to $250,000
- Easy application process,
online or by phone
Consolidate any of these education loans:
-
Private education loans (any non-government education loan)
- Loans from retirement
plans
- Loans from insurance policies
- Loans used for computer purchases
- Loans used for school travel expenses
- Previously consolidated federal
loans can be refinanced
Articles and Brochures
Get updated information
on loans and scholarships, plus articles outlining how to prepare and what you
can expect in college.
Vist Bank of America
You can apply online for the federal Stafford loan,
the federal PLUS loan for parents and for private loans. Before starting: Make
sure your financial aid administrator informs you about your school's loan processing
method. You also must complete a Free Application for Federal Student Aid FAFSA)
form and have your Student Aid Report (SAR).
Get more information about applying
online for a student loan. Apply
Citi® Cards is offering 4 credit card products to meet the needs of college students and Discover Card will let you open a Student Card Account
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