If you’re a Texas resident that’s considering refinancing your student loans, nonprofit Brazos Higher Education could be the right lender for you. Here’s everything you need to know about refinancing with Brazos.
Brazos student loan refinancing review
If you’ve already taken out student loans for your education, you might be wondering how you pay them all back without owing too much interest. If you choose to refinance, it can help you lower your interest rate, so you can pay off your loans faster (and save money).
If you decide to refinance your student loans with Brazos, here are some of the benefits and things to know:
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| Loan amounts | $10,000 to $250,000 depending on degree type |
| Loan terms | 5, 7, 10, 15, 20 years |
| Loan qualifications | Private, Federal, and Parent Plus loans |
| Discounts | 0.25% interest savings for auto debit |
| Fees | No fees |
| Income | Have a minimum annual income of $60,000, or $30,000 if applying with a qualified cosigner |
| Education | Received at least an undergraduate bachelors from one of over 2,000 eligible schools |
| Citizenship/Residency | Must be resident of Texas |
| Cosigner release | N/A |
| Loan servicer: | Firstmark Services |
How to refinance with Brazos
Brazos can be a great match for Texas borrowers. But keep in mind that each refinancing lender determines the rate they’ll offer you on a case-by-case basis. That means that it’s impossible to know your lowest possible rate without applying to multiple lenders.
With Credible, you can easily compare rates from Brazos and other student loan refinancing lenders with just one form. You can even check your prequalified rates without a hard credit pull (so it won’t affect your credit).
The company above is one of Credible’s approved partner lenders. Because they compete for your business through Credible, you can request rates from them by filling out a single form. Then, you can compare your available options side-by-side. Requesting rates is free, doesn’t affect your credit score, and your personal information is not shared with our partner lenders unless you see an option you like. Credible receives compensation if you close a loan with one of our partner lenders. The rates you receive and the fees you pay (if any) are not impacted by this compensation.