Payment incentives: Automatic 1.0% interest rate reduction if
initial 36 monthly payments are made on time.
Optional incentives: 0.25% interest rate reduction through
automatic debit of payments from bank account.
Apply by calling 1-800-344-8382.
NOTE to Bank of America PLUS borrowers: if you consolidate
your Bank of America PLUS loan(s) you will lose your current payment
incentive. This is the 2% interest rate reduction with automatic
debit of payments. Be sure to consider this before you decide to