Brazos student loans, review, interest rate and refinance

Brazos Higher Education is a nonprofit lender that offers Texas citizens low-interest student loan refinancing with flexible terms. You may be eligible to refinance your student loan debt with Brazos if you’ve completed your degree and have a stable income and credit history.

If you’re thinking about refinancing your student loans with Brazos, here’s what you should know. Scroll down to know more information regarding Brazos student loans, review and interest rate.

Brazos student loans and interest rates

Brazos demands a credit score of 690 and a minimum income of $60,000. If you have a bachelor’s degree, you can receive a low rate and refinance up to $150,000, and if you have a graduate or professional degree, you can get a low rate and refinance up to $400,000, According to Brazos student loans.

Brazos student loan refinancing review

InBrazos offers a good selection of payback durations, ranging from 5 to 20 years, in addition to low rates. Shorter payback terms allow you to qualify for a reduced interest rate and reduce your total interest expenses. Although spreading out repayment over a longer length of time will reduce your monthly payment, your total repayment costs may rise.

Although federal PLUS loans taken out by your parents cannot be transferred into your name, your parents can refinance their PLUS loans with Brazos if it makes sense for them.

Fixed-rate and variable-rate loans are available from Brazos. Brazos limits the maximum rate on variable-rate loans at 9.90 percent.

How to refinance student loans with Brazos?

It’s worth investigating rates for student loan refinancing with Brazos if you live in Texas, have completed your degree, and have decent credit and earnings.

It’s a good idea to compare rates from other student loan refinancing lenders before making a final decision. By filling out a single form, Credible makes it simple to receive rates from Brazos and other leading lenders that offer student loan refinancing without harming your credit score.

How Does Brazos Student Loan Refinancing Compare?

The interest rates at Brazos are always relatively low. However, it does not lend to people who live outside of Texas and does not have a cosigner release program. Here’s how Brazos stacks up against the competition.

What are the rates And terms Brazos loans?

Many consumers will not qualify for Brazos loans, but those who can will benefit from low interest rates and flexible terms. Brazos refinancing loans can currently be repaid over 5, 7, 10, 15, or 20 years.

It’s fantastic to see term lengths of up to 20 years. This extended repayment plan may lower your monthly payment (while maintaining a reasonable interest rate), allowing you to focus on other financial concerns while repaying your debts. Brazos refinance rates, which include a 0.25 percent autopay discount, are as follows:

Variable APR: 1.83% to 4.75%

Fixed APR: 2.15% to 3.75%

Note: It’s important to remember that interest rates can change at any time. To see the most up-to-date rates and to compare Brazos to other lenders, go to Credible.

Is It Worth It?

Student loan refinancing is available through Brazos Higher Education at competitive rates and terms. You probably won’t be able to beat the rate if you’re a Texas resident who qualifies. However, you can find a complete list of Texas student loan and financial aid programs here.

Consider comparing choices at Credible, a student loan comparison site, just to be sure.

Private refinancing isn’t for everyone, though. Before you apply, make sure you’re confident in your capacity to repay the loan. You don’t want to find yourself in a financial bind without the choice of a repayment plan based on your income.

Brazos Online Reviews

On public forums, there are very few Brazos consumer reviews. Those that are available have been included because they are valuable as unedited, censored, and uninvited user experiences. Please keep in mind that these evaluations are unverified, may contain inaccuracies, and may contain out-of-date information (about rates, bonus offers, etc.).

“I received a letter from Alltran Education Services on March 24, 2020, stating that Brazos Higher Education Services had a charge owing of $12885.31. I called Alltran Education and informed them that this not my bill and that I wanted to know how my personal information obtained. She mentioned that a dispute would be filed on this account when speaking with this representative. This is not my bill, and I’m not familiar with Brazos Higher Education or Alltran Education, the collecting agency. I had never heard from either of these companies prior to March 24, 2020. I’m concerned about how both companies collected my personal information.” – 04/26/2020, user to the Better Business Bureau

“… The main issue I’m having is with Brazos loan servicing. My undergraduate debt transferred from ACS to Brazos, which appears to be a very unprofessional company. The website appears to have been created yesterday, and the information is not particularly clear. ACS is something I really miss. I’m looking forward to becoming debt-free and not having to deal with third-party companies.” — Dear Debt, posted on The College Investor on August 21, 2013.