Brazos Student Loan Refinance Review

Brazos Student Loan Refinance is a student loan refinance offering by Brazos Education Lending Corporation, . Founded in 1975, Brazos Education Lending Corporation offers student loan refinancing in 1 state across the USA.

What APRs does Brazos Student Loan Refinance 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 Student Loan Refinance offers variable rate APRs that range from 3.17% to 4.76%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.50% to 4.90% APR.

How much can you borrow via Brazos Student Loan Refinance?

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

Does Brazos Student Loan Refinance charge an origination fee?

No, Brazos Student Loan Refinance 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 Student Loan Refinance charge prepayment fees?

No, Brazos Student Loan Refinance 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 Student Loan Refinance offer?

Brazos Student Loan Refinance provides refinancing loans of 5 to 20 years.

It also offers borrowers unemployment protection. This means that if you lose your job through no fault of your own your loan payments may qualify for a temporary hold of up to 12 months..

What type of borrowers will Brazos Student Loan Refinance consider?

Brazos Student Loan Refinance considers loans applications from:

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

What do you need to qualify for Brazos Student Loan Refinance?

To qualify for student loan refinancing with Brazos Student Loan Refinance, applicants need a minimum annual income of $60,000 or higher. Brazos Student Loan Refinance will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Brazos Student Loan Refinance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Brazos Student Loan Refinance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Loan payoff statements
• Proof of income
• Driver's license

What is the estimated funding time for a student loan refinance via Brazos Student Loan Refinance?

Brazos Student Loan Refinance will typically provide a credit approval decision in less than an hour and fund the loan within 1 to 2 days.