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Am I eligible to refinance my student loans?

Brazos Refinance Loan

The Brazos Refinance Loan was created to help borrowers save money on their existing student loans. With competitive rates and multiple repayment terms available The Brazos Refinance Loan is offered by Brazos Education Lending Corporation, a Texas nonprofit company.

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Why Brazos?

Brazos Education Lending Corporation is a Texas nonprofit company managed by Brazos Higher Education. Brazos Higher Education has over 40 years of experience in the student loan industry.

Our nonprofit status allows us to offer competitive rates and multiple repayment terms.

Apply Online

Our quick, online application process allows you to be pre-approved in minutes.

Borrower Benefits

We offer a 0.25% interest rate reduction when you enroll in automatic payments.

Loan Limits

Loan minimum: $10,000

Loan maximum: $150,000 for borrowers with a bachelor's degree, or $400,000 for borrowers with a medical, dental, legal, MBA, masters, or other professional degree

Eligibility Requirements

To qualify, you must:

  • have received at least a bachelor’s degree from a 4-year degree granting public or private nonprofit college or university
  • be the borrower on the loan(s) to be refinanced
  • be a United States citizen or National or a non-citizen with government issued, non-expired documentation of permanent resident status, or, if applying with an Eligible Cosigner, a non-citizen with a work or student visa
  • be a resident of the State of Texas
  • be at least 18 years of age
  • be applying to refinance at least one outstanding, fully disbursed education loan
  • be employed or self-employed at the time of application or have accepted a firm offer of employment with a start date within sixty (60) days
  • have a minimum FICO score of 720, or 690 if applying with a qualified cosigner
  • have a strong credit history and meet other credit requirements

Disclaimers

1Rates as of 07/01/2020. Lowest rate shown is for eligible, creditworthy applicants and requires a 5 year repayment term and the Auto-Pay Discount of .25%. Your actual interest rate and repayment amounts may be different depending upon the terms you choose and your financial and credit history. Not all borrowers receive the lowest rate. The rate is expressed as an APR. Since there are no fees associated with this loan, the APR is the same as the actual interest rate of the loan. While the APR, once you proceed, may differ slightly depending upon calculation methods and certain assumptions, the actual interest rate will not change.

Auto-Pay Discount includes a .25% interest rate reduction when either the borrower or cosigner authorizes ACH payments of full principal and interest from any bank account. Certain other terms and conditions apply.

2Rates as of 07/01/2020. Lowest rate shown is for eligible, creditworthy applicants, requires a 5 year repayment term and assumes the current 1 month LIBOR rate of 0.96% plus a margin of 3.5% minus the .25% Auto-Pay Discount. Your actual interest rate and repayment terms may be different depending upon the terms you choose and your financial and credit history. Not all borrowers receive the lowest rate. In addition, the variable rate is subject to change monthly, based upon the 1-month LIBOR index, and, as such may increase (or decrease) monthly, even after consummation. This means that your payment may increase, or decrease, after disbursement. The variable rate is capped and will never exceed 9.90%. The rate is expressed as an APR. Since there are no fees associated with this loan, the APR is the same as the actual interest rate for the loan. While the APR, once you proceed, may differ slightly depending upon the calculation methods and certain assumptions, the base rate and margin that you are charged will remain as stated.

Auto-Pay Discount includes a .25% interest rate reduction when either the borrower or cosigner authorizes ACH payments of full principal and interest from any bank account. Certain other terms and conditions apply.

Am I eligible to refinance my student loans?