Parent Loans

Name: The Brazos Higher Education Service Corporation, Inc
Address: 5609 Crosslake Parkway, Waco, TX, 76712, US
Telephone: 1-800-453-0841
Price range: $$

Help Finance Your Child’s College Education

Sending your child off to college? Your kids have big dreams, and Brazos Parent Loans can help you make them a reality.

Brazos Higher Education provides responsible Texas parents or guardians an alternative to Direct Parent Plus Loans. With Brazos Parent Loans for college, you can borrow up to the full cost of attendance, minus other financial aid the student received, with no fees and a low interest rate.

Parents, grandparents, family or friends are eligible to apply. Take maximum advantage of a Brazos’ parent loan and pay for your child’s education without financial stress!

Not a Texas Resident? We Can Still Help!

Brazos Parent Loan Rates⁵

Fixed Rates

Starting at

% APR

Including 0.25% Auto-Pay Discount³

CALCULATOR

Variable Rates

Starting at

% APR

Including 0.25% Auto-Pay Discount³

CALCULATOR

Why a Brazos Parent Loan Is Right for You

Ensure Your Child Graduates With As Little Debt As Possible

Up to 100% of School-Certified Expenses Covered

Brazos Parent Loans for college can cover up to 100% of your child’s school-certified cost of attendance. Expenses include tuition, living expenses, such as room and board, a computer, books and miscellaneous fees.

Zero Fees

With Brazos’ college loans for parents, there are never any application fees or prepayment penalties. And, unlike Direct Parent PLUS loans, there are no origination fees. Save even more money over the life of your parent student loans with our low fixed and variable rates.

Not Just for
Parents

Brazos Parent Loan sare available to parents, grandparents and other credit-worthy family members and friends of the benefiting student.

For Graduate
Students, Too!

Unlike the Direct Parent Plus Loans program, parents may use Brazos parent student loans to finance the cost of a graduate degree, including medical, law, MBA and other professional degrees.

Apply Online
in Minutes ⁸

Secure, fast and easy – apply for Brazos parent student loans without worries! You can complete our easy online application in minutes. Have limited credit history? Consider adding a cosigner to potentially improve your chances of qualifying and even lower your rate.

Texans Serving
Texans

Brazos parent loans help Texas parents make smart financial decisions for their family. Not a Texas resident? We can help you look for parent college loans for your specific situation.

Plus, GET $200 when you Refer-A-Friend.

*Considering a Parent PLUS loan? With no origination fees, lower rates and more flexible terms, a Brazos Parent loan may be a better choice for you .

Connect to Parent PLUS Private Loan Comparison page

Comparing Parent Loan Rates Can Save Significant Money!

Brazos’ nonprofit status and mission allow us to offer competitive rates to Texas borrowers. Our rates are designed to save you money over the life of your loan.⁷ Compare Brazos Parent Loan rates to rates offered by other lenders. Ranges cover multiple available repayment options and include available discounts.

Parent Loan Fixed Interest Rates (APRs)

⁵

10%

12%

14%

16%

18%

All displayed rates include a .25% Auto-Pay discount for auto-debit payments. Displayed rates taken from competitor websites as of 01 December 2024. For Earnest, displayed rates are taken from ELM Select (www.elmselect.com) as of 01 December 2024. The range of rates shown may have changed. Please visit the applicable website for each lender's most current rates and for terms and conditions to qualify for the auto-pay discount. Like at Brazos, the specific rate you receive from other lenders is dependent on numerous factors, including your creditworthiness, the term and repayment option you select, available borrower benefits and the length of any deferment period(s) assumed in calculating the rates.

Rates are not the only factor to consider when shopping for a private student loan. As with any loan, think carefully about your financial situation and understand the details about the loans you’re comparing when deciding which private student loan is right for you.

Already graduated?

Looking to manage repayment on your existing student or parent loans that works for you? Now could be the perfect time to refinance your student loans or parent loans.

Click HERE for more information.

What People Say
About Us

"Brazos was very timely with their responses and did a good job. It was my first time taking a student loan, the rate was lower than others and the process of accepting and submitting my loan and documents was easy."

- Ryan, Brazos Student Loan Borrower

"The customer service rep took her time to ensure she answered all my questions. She explained the loan options in detail and with examples and ensured I understood her."

- Crystal, Brazos Student Loan Borrower

"Brazos was able to get me all my loans to attend grad school and was very easy to work with! Communication was always great and they were always willing to answer any questions and help out when needed."

- Kayla, Brazos Student Loan Borrower

"Very easy process. Hassle free."

- Bryan, Brazos Student Loan Borrower

"Straight forward & easy application. Approved quickly putting us at ease."

- Justin, Brazos Student Loan Borrower

"Everything was smooth. I really liked how easy it was for me to communicate with someone on the phone and how thorough they were when explaining matters. I appreciate Brazos."

- Kadesha, Brazos Student Loan Borrower

"Our family has worked hard to build good credit. The team at Brazos made sure we were able to make that effort really pay off. We received a better rate on our two student’s education costs than we could find anywhere. Our advisor was always available and went the extra mile to make a complicated process work for us. Thank you... We will see you again next year!"

- Kenn, Brazos Borrower

Frequently Asked Questions

What types of Parent Loans do you offer?

We offer variable and fixed rate loans with multiple terms

Am I eligible for a Brazos Parent Loan?

To be eligible for Brazos Parent Loans for college, you must:

Be a United States citizen or National, permanent resident, or, if applying with an Eligible Cosigner, a non-citizen with a work or student visa or a DACA Recipient.
Be a Texas resident and be at least 18 years old. (Not a Texas resident?)
Be applying to finance the education of a student who is enrolled at least half-time in a degree-granting program at one of over 2,000 eligible schools nationwide.
Apply for an amount that is certified by the school your student is attending. (See the "Certifying the Cost of Attendance" section of the FAQs)
Have a verified income and a strong credit history.
Demonstrate the ability to support the repayment of the new loan.

Please review our Eligibility Criteria for further details.

Should I apply with a cosigner?

When does repayment begin?

Repayment on your parent loan begins approximately 30 days after the final disbursement. For example, if your child’s school has scheduled two disbursement dates for the loan, one in September and one in January, your repayment period would begin approximately 30 days after the January disbursement. If the school has only scheduled one disbursement, repayment will begin approximately 30 days after that disbursement. The timing and schedule of disbursements are determined by the school.

What happens to the loan if the benefitting student, primary borrower or cosigner dies?

We do not accelerate the debt upon the death of any party, and we do not pursue the estate of a deceased individual.

If the benefitting student dies, the loan is forgiven as to all parties on the loan.

If the primary borrower on the loan dies and there is no cosigner, the loan is forgiven. If the primary borrower on the loan dies, and there is a cosigner, the primary borrower on the loan is removed, and the cosigner is responsible for the repayment of the loan for the remainder of the repayment term. If the cosigner dies, the cosigner is removed from the loan, and the borrower continues to be responsible for repayment on the loan for the remainder of the repayment term.

Still have questions about Brazos Parent Loans? We're here to help! See our full list of FAQs, send us an email or call us at 1-800-453-0841.

Parent Loans