Among the biggest financial institutions when you look at the global globe, Bank of The united states, was once master within the education loan business. With time, which have altered. Would you continue to have Bank of The united states student education loans which have altered loan providers in the long run? If that’s the case, letвЂ™s take a good look at just what occurred to Bank of The united states figuratively speaking, exactly exactly what options are offered, and just how to take control of one’s student education loans.
The annals of Bank of The united states student education loans
Bank of The united states (BofA) had been greatly active in the education loan business. In 2007, it absolutely was the third-largest education loan loan provider in the us and presented $900 million in exclusive figuratively speaking.
In 2008, nonetheless, Bank of The united states figuratively speaking ended on offer to clients. Based on previous professional Sandra Dunleavy, вЂњBank of The united states is concentrating our education loan method in the national education loan system and discontinuing exclusive loan items when it comes to coming year that is academic.вЂќ