Paying off student loans can be a challenge, and loan statements full of unfamiliar vocabulary can make the process seem intimidating. Understanding the terminology can help you get a better handle on repaying your student loans. Read more · Terms to know when you take out student loans. Get a handle on the concept . Review the Bank of America FAQ for students and find answers to your most frequently asked questions about student loan repayment. Dec 1, 2017 . Fortunately, we've highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation. With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both! Apply today and get approved! Bank of America offers federal and private student loans, along with student checking accounts, credit cards, and other banking services.. A competitive interest rate and a host of student-friendly services help you build your own credit, as you attend school. Additional credit-building . Nov 30, 2017 . Refinancing Bank of America student loans. Regardless of your original lender, when you refinance, a new lender will pay off the amount owed and issue you a new loan with new terms. This process might help you get lower interest rates or monthly payments. Different servicers have different eligibility . Jan 29, 2016 . Get the Money You Need for School. Competitive Interest Rates. No Origination Fee. 3 Repayment Options. LEARN MORE. on Sallie Mae's secure website. As they left the private student loan business, Bank of America shifted into offering federal loans including Stafford, Plus loans, and . Update: Until recently, Bank of America administered Federal Student Loans. Currently, these loans are issued exclusively through the U.S. Department of Education Direct Loans Program. Additional privately funded student financing options have historically been a part of Bank of America's lending portfolio, but these . Feb 7, 2017 . Like all private loans, there are some drawbacks to obtaining a private loan through BOA. Namely, private loans tend to have much higher interest rates than loans that are offered through the federal government. In addition, they offer fewer protections, such as loan forgiveness under certain conditions. The following lenders specialize in student loan refinancing, providing solutions specifically tailored to the situation. First up is LendKey, an online marketplace that connects borrowers with a network of credit unions and community banks. These smaller institutions often offer low interest rates and borrower-friendly terms.Sallie Mae is a student loan company with over 40 years of providing student loans for college, supporting graduate and undergraduate study, and more. Apply for a. Note: All lenders refinance and consolidate both federal and/or private student loans *Citizens Bank Disclosure *College Ave's maximum loan amount is $250,000 for. Best Private Student Loans. As a general rule, students should only consider obtaining a private education loan if they have maxed out the Federal Stafford Loan. Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection. How can you apply a personal loan at Bank of America? We are happy to help you about rates, application and requirements. Bank of America Auto Loans - Read unbiased reviews of Bank of America Auto Loans, rated 1.4 out of 5 stars by 106 users Review the Bank of America FAQ for students and find answers to your most frequently asked questions about student loan repayment. Bank of America, like many other lenders, offers student loans to help finance your college experience. At first glance, many private student loans look the same. A Standard Bank student loan allows you to pay for higher education and make your dreams a reality. Learn about the Bank of America Student Leaders program and see how we're supporting leadership programs for high school students.