Education Banking

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Education Banking

Financial solutions that take higher education to new heights.

Awards & Recognition

  • 92% of state governments served by Public Sector Banking team
    internal BofAML data, 2013
  • 76% of top 50 cities by population served by Public Sector Banking team
    U.S. Census 2010, 2013

Our Education Banking team serves private educational institutions including colleges and universities, research institutions and private K-12 schools. We have relationships with 90% of the top national universities and 60 of the top liberal arts schools.

 

Higher Education

Bank of America Merrill Lynch delivers unparalleled client experience through a dedicated client manager and team of professionals specializing in higher education. Serving public and private colleges and universities of all sizes as well as research institutions, we are equipped with the expertise to understand your unique operating needs. We bring the financial strength and powerful global resources of Bank of America Merrill Lynch together for you.

Comprehensive Capabilities

  • Treasury management: Enhance the efficiency, speed and strength of your working capital with innovative ideas and technology provided by the No. 1 treasury management provider in the United States1. Bank of America Merrill Lynch can help you accelerate the payables and receivables processes, reduce fraud and enhance your cash management with faster access to data.

  • Financing solutions: Finance growth, renovations or improvements with a broad range of capital solutions to assist with seasonal cash flow, extension of infrastructure and student housing, energy efficiency improvement, and other needs. As one of the tax‑exempt industry's largest financial solutions providers, our leasing group can offer a wide range of financial products and expertise for capital investments, equipment, transportation and renewable energy projects. The Public Finance team from Bank of America Merrill Lynch offers tremendous experience in developing tailored financial solutions for colleges and universities to satisfy short-term and long-term, taxable and tax-exempt capital needs.

  • Investments and philanthropic management: Our institutional not‑for‑profit investment and philanthropic management specialists can provide investment management, administrative, strategic planning and risk management services to help your institution finance its educational goals and fulfill its commitments to your donors and your community.

  • Comprehensive services for staff and faculty: Enhance faculty loyalty with comprehensive benefits such as group banking, flexible spending accounts and wealth management.

K-12 Education

Public and private schools nationwide are striving to shape new generations while addressing a myriad of today's challenges, from changing enrollment and population trends to rising operations costs and retaining high quality faculty. Bank of America Merrill Lynch K-12 Education specialists understand your unique operating environment and can offer a complete array of financial solutions achieve your goals today and in the future.

Comprehensive Capabilities

  • Treasury management: Enhance the efficiency, speed and strength of your working capital with innovative ideas and technology provided by the No. 1 treasury management provider in the United States1. Bank of America Merrill Lynch can help you improve operational efficiency by accelerating the payables and receivables processes, reduce fraud and enhance your cash management with faster access to data.

  • Financing solutions: Finance growth, renovations or improvements with a broad range of capital solutions. Whether you seek solutions to assist with seasonal cash flow, extension of infrastructure, or energy efficiency improvements, our credit products team and bond specialists can help. Our leasing team, as one of the tax-exempt industry's largest financial solutions providers, can offer a wide range of financial products and expertise for capital investments, equipment, transportation and renewable energy projects.

  • Investments and philanthropic management: Our institutional not-for-profit investment and philanthropic management specialists can provide investment management, administrative, strategic planning and risk management services to help private schools finance their educational goals and fulfill their commitments to their donors and their communities.

  • Comprehensive services for staff and faculty: Enhance faculty loyalty with comprehensive benefits such as group banking, flexible spending accounts, wealth management and special mortgage programs for teachers.

White Paper

Alternative Higher-Ed Financing: Using Energy Conservation and Tax Credits to Maintain the Campus-Quo

The mission to finance operations, equipment and projects at institutions of higher education has become a formidable challenge due in no small part to mounting energy costs, the demand for IT services and upgrades, diminished endowment and investment income, and the competition for students. In response, college and university officials need to understand alternative sources of financing in order to maintain facilities, keep current with the latest technology and ultimately attract the best students.

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Article

Understanding Advisor Approaches and Client Expectations

Understanding Advisor Approaches and Client Expectations offers insight into the challenges and opportunities nonprofit organizations face in a changing market environment.

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White Paper

Writing an Effective Request for Proposal (RFP)

Developing an effective RFP can be relatively painless for your organization if you follow a few simple guidelines.

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White Paper

The Endowment Challenge

The financial crisis of 2008 is nearly five years behind us, yet its impact on nonprofit organizations persists. In this paper, we discuss the challenges and opportunities nonprofit organizations face in a changing market environment.

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White Paper

Increasing Operational Efficiency Through Electronic Payments

Colleges and universities face a range of financial pressures, from shrinking government funding to escalating healthcare costs and increasing resistance to rising tuition prices. Whether public or private, higher educational institutions are seeking ways to offset these pressures by improving internal processes. Leveraging recent advances in bank technology, many institutions are switching from checks to electronic transactions for vendor payments, student payments and payroll — generating savings that are both meaningful and measurable.

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White Paper

Effectively Managing Higher Education Endowments in a Challenging Environment

Since the 2008 financial crisis, many college and university endowments in the U.S.have been under pressure. In addition to market gyrations, institutions have faced rising operational costs, capital improvements and inconsistent fundraising results. The pressures notwithstanding, Bank of America — which works with a broad array of colleges and universities in the U.S. — has a more nuanced outlook for the future. Simply put, bank executives see the glass as half-full.

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White Paper

Higher Education Financing Takes a Turn for the Better

Schools across the country are adapting to the post-recession economy by reevaluating their financial strategies and capital objectives. As balance sheets improve, many finance officers are pursuing a range of alternative funding and investment opportunities with the goal of strengthening their institutions' long-term fiscal health.

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Solutions for Educational Institutions