Bank of America Student Loan College expenses can add up fast. Once you’ve managed to cover tuition, there are still other education-related costs such as books, food, and lab fees. With all these expenses, student loans become a great option. Bank of America offers the CampusEdge student loan. With CampusEdge you can get up to $50000 per year so long as the loan amount does not exceed the estimated cost of attendance, less 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 two years following graduation. Principle and interest payments can be deferred for up to 7 year while enrolled in a participating school’s undergraduate program. Interest will continue to accrue and will be added to your loan quarterly while in deferment and once at the beginning of repayment.