Monday, May 25, 2009

Student Loans Through Bank of America

College costs can add up fast. Once you've been able to cover tuition, there are many other education-related expenses such as books, housing, food, and lab fees. With all these expenses, student loans become a great option.

Bank of America offers the CampusEdge student loan. With CampusEdge a student can get up to $50,000 per year as long as the loan total does not go beyond the estimated cost of attendance, minus other financial aid.

This money is sent directly to you, and you can defer payment until graduation, with the flexibility to make interest-only payments for up to 2 years following graduation. Principle and interest payments may be postponed for up to seven years while registered in a participating school's undergraduate program. Interest will accrue and will be added to your loan quarterly while in deferment and once at the beginning of repayment.

Bank of America makes the application process easy.

Apply online or by phone at any time, with no school certification needed.

You can apply without a co-borrower, but you may increase your chance of approval by applying with a credit worthy co-borrower.

Receive conditional approval in as little as fifteen minutes.

Funds will be sent in as few as five business days of final loan approval.

Make it easier to fund your degree. Apply today at bankofamerica.com/campusedgeloan or call 1-866-457-4080.

NOTE: Credit is subject to approval. Certain restrictions may apply. Programs, rates, terms, and conditions may change without notice.

REMEMBER: Before applying for any loan, carefully research to make sure you are getting the best deal and never sign a contract that you haven't read. Make sure you know what you are getting into. Bank of America isn't the only place to get a private loan. You may wish to check out other places as well if you want to get the lowest rate.

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