Updated: June 30, 2021

Brazos Student Loan Refinance Review

Brazos Student Loan Refinancing

The bottom line:

Available only for Texas residents, Brazos Student Loan Refinancing offers relatively low interest rates but has high credit and minimum income requirements. Refinancing student loans with Brazos is best for Texas residents with good credit and higher incomes.

Pros

  • No origination, application, or prepayment fees
  • 0.25% interest rate deduction with autopay

Cons

  • Charges late fees
  • Available only for Texas residents
  • Does not offer cosigner release

Restricted to Texas residents

Refinance
Student Loan Rating
4 of 5
Fixed APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
2.85% - 3.97%
Variable APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.88% - 4.80%
Repayment Terms
5 years, 7 years, 10 years, 15 years, 20 years
Important Information
  • 5, 7, 10, 15, and 20 year repayment terms
  • No cosigner release available
  • Late fees charged
  • 0.25% interest rate reduction with autopay
  • Aggregate loan limit of $150,000 for undergraduate and $400,000 for graduate

Other Loans that Brazos Education Lending Corporation Offers:

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For well-qualified residents of Texas, Brazos Refinance Loans offer low fixed and variable interest rates. There is a 0.25% interest rate reduction available for borrowers enrolled in autopay. While there are no origination, application, or prepayment fees, Brazos does charge late fees. Borrowers have the option to customize their payment date to fit their schedule. 

Repayment terms to refinance range from 5 to 20 years and there is no cosigner release available. Borrowers must be in reasonably good financial shape, as a minimum credit score of 720 and income of $60,000 are required to refinance. To refinance student loans with Brazos, the minimum loan size is $10,000, and the aggregate loan limits for undergraduate and graduate students are $150,000 and $400,000, respectively.

Brazos Education Lending Corporation - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Soft for Rate Check, Hard for Application
  • Repayment Terms: 5 years, 7 years, 10 years, 15 years, 20 years
  • Minimum Borrowing Limit: $10,000
  • Yearly Borrowing Limit: Not specified by lender
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: Yes
Requirements to Qualify
  • Minimum Credit Score: 720
  • Minimum Anual Income: $60,000
  • Maximum Debt-to-Income Ratio: .40
  • Citizenship Restriction: Citizens or Residents
  • Minimum Enrollment Restriction: None
  • Approved Schools Include: Title IV
Repayment Options
  • Immediate Principal and Interest Repayment: None
  • Fixed Monthly Repayment: None
  • Interest-Only Repayment: None
  • Full Deferment: None
Repayment Details
  • Length of Grace Period: None
  • Maximum Deferment Period: 36 months
  • Maximum Forbearance Period: 12 months
  • Cosigner Release Option: None
  • Death Discharge: Yes
  • Disability Discharge: Not specified by lender
Customer Service
  • US-Based Call Center: Yes
  • Hours of Operation (in addition to weekdays): No Evenings or Weekends
  • Application Timeline: Not specified by lender
Extras
  • Scholarship Search Tool: None
  • Sponsors a Scholarship: Yes
  • Job and Career Assistance: None
  • Financial Literacy Training: Yes
Brazos Education Lending Corporation SoFi Earnest
Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Fixed:
2.85% - 3.97%
Variable:
1.88% - 4.80%
Fixed:
2.74% - 6.74%
Variable:
2.25% - 6.39%
Fixed:
2.50% - 5.79%
Variable:
1.88% - 5.64%
Loan repayment terms (Years) 5 years, 7 years, 10 years, 15 years, 20 years 5 years to 20 years 5 years, 10 years, 15 years, 20 years
Cosigner release? None None Not specified