Diane Morais
Diane Morais
achieve available bank dreams fee help higher loan paying percent proceeds strive students three towards
At Bank of America, we strive to help students achieve their dreams of a higher education. By paying the three percent origination fee on Stafford loans, students will now have more of their loan proceeds available for use towards their educational goals.
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Think of it as an electronic piggy bank. Everyday errands and chores now deliver added value for our customers and the response in the last few months has been tremendous.
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Our customers have told us they're not saving the way they wish they were. We designed a very simple way to do it with what they do every day.
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Customers like it because it's so simple for them. It doesn't require customers to dramatically change their behavior.
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Our Hispanic customers told us that they wanted lower transfer fees, money to be paid in cash over the counter in Mexico, and a broader distribution network convenient to their family and friends.
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The response to Keep the Change has been tremendous. Customers like the program because it's a simple, convenient way to save. It's heartening to see so many people interested in savings -- and at Bank of America we make it easy.
anticipate average customer save year
We anticipate the average customer can save between $150 to $200 a year through this service.