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Brazos Education Lending Corporation

in Student Loan Refinancing

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Brazos Education Lending Corporation

Unaffiliated

in Student Loan Refinancing

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Overview

Where does Brazos Education Lending Corporation do business?

Brazos Education Lending Corporation is a marketplace lender based in Waco, TX. It was founded in 1975 and offers student loan refinancing in 1 state across the USA.

What APRs does Brazos Education Lending Corporation offer on its student refinancing loans?

The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate. 

Brazos Education Lending Corporation offers variable rate APRs that range from 2.82% to 6.74%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.25% to 6.64% APR.

How much can you borrow via Brazos Education Lending Corporation?

Loan amounts start at $10,000 and go up to $250,000

Does Brazos Education Lending Corporation charge an origination fee?

No, Brazos Education Lending Corporation does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Brazos Education Lending Corporation charge prepayment fees?

No, Brazos Education Lending Corporation does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Brazos Education Lending Corporation offer?

Brazos Education Lending Corporation provides refinancing loans of 5 to 20 years.

It also offers borrowers unemployment protection. This means that if you lose your job your loan payments may qualify for a temporary hold of up to 12 months..

What type of borrowers will Brazos Education Lending Corporation consider?

Brazos Education Lending Corporation considers loans applications from:

  • undergraduate degree holders
  • graduate degree holders
  • parents of graduates

What do you need to qualify for a Brazos Education Lending Corporation student loan refinance?

Applicants with a credit score of at least 720 can apply for a loan via Brazos Education Lending Corporation.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Only U.S. citizens and permanent residents can apply for a loan. 

To qualify, applicants must provide the following documentation:

  • Proof of identity
  • Proof of income
  • Loan payoff statements

What is the estimated funding time for a student loan refinance via Brazos Education Lending Corporation?

Brazos Education Lending Corporation will typically fund loans within 1 and 2 days of approval.

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Contact

  • Headquarters
  • 2600 Washington Avenue
    Waco, TX 76710 USA
  • Visit Site

Message from Brazos Education Lending Corporation

Our refinance loan is available to refinance undergraduate or graduate student loans, as well as loans made to parents of graduates.

Availability

Available in 1 State
Texas
Availabile in all of Texas

Feature Breakdown

No Origination Fee
No Prepayment Fee
Late Fee Amount
$35
Joint Loan Applications Accepted
  • Co-signer
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
  • Unemployed
Cosigner Optional
Credit Score Range
720 - 850
850 300 720
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income
$60,000
Verification Documents Required
  • Loan Payoff Statements
  • Proof of Income
  • Driver License (or other photo ID)
Funding Time Range (in days)
1 - 2
1 28
Unemployment Protection
Credit Bureau Reporting
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Variable APR
2.82% - 6.74%
2% 10%
Loan Amount
$10K - $250K
$1K $350K
Loan Term (Years)
5 - 20
1 25
Fixed APR
3.25% - 6.64%
0% 30%

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