ATTENTION: THIS CALCULATOR DOES NOT TAKE INTO ACCOUNT THE RECENTLY PROPOSED INTEREST RATE WAIVER OR ANY OTHER DISASTER RELIEF PROPOSALS WHICH COULD IMPACT YOUR DECISION TO TAKE OUT A LOAN WITH BRAZOS. FOR MORE INFORMATION ABOUT HOW COVID-19 COULD IMPACT YOU SEE THE FAQS

ATTENTION: THIS CALCULATOR DOES NOT TAKE INTO ACCOUNT THE RECENTLY PROPOSED INTEREST RATE WAIVER OR ANY OTHER DISASTER RELIEF PROPOSALS WHICH COULD IMPACT YOUR DECISION TO TAKE OUT A LOAN WITH BRAZOS. FOR MORE INFORMATION ABOUT HOW COVID-19 COULD IMPACT YOU SEE THE FAQS

 



Welcome, Physician Investor Subscribers!



For Texas residents. Not a Texas resident?
A Brazos Refinance Loan may help you save money or lower your monthly payments and allows you to combine multiple student loans into one easy-to-manage loan.
With no fees, low rates and multiple available repayment terms, you can find a Brazos Refinance Loan to fit your budget.
Use the calculator below to compare your current student debt to our Brazos Refinance options.

Current Loan Balance

$

Remaining Payments (Months)

  

Current Interest Rate


Select your credit score 4

Brazos Loan Type

Brazos Loan Term2

 
0%APR5

Compared to the rate on your existing loan.

$0Estimated New Monthly Payment3
$0Total Savings3

Compared to the estimated total of future
payments on your current loan.

Your existing monthly payment was estimated to be $, compared to the monthly payment shown above.
Extending the term of your existing loan may result in a lower monthly payment, but may not save you money over the life of the loan.

Variable APRs and amounts subject to increase or decrease. Variable rates are indexed to the one-month LIBOR rate and assume a one-month LIBOR rate of %.



It's Easy!

1

Complete the pre-credit application.
The application is online and getting pre-approved takes just minutes! 1

2

Once you're approved, select from the available rates and terms that fit your budget!

3

Easily sign documents online and upload documents to verify your loan information.

Get Started

Brazos Refinance Loan Features

Save Money

Refinancing your student loans to a lower interest rate can add up to significant savings over the life of your loan.

Zero fees

No origination fees.
No prepayment penalties.
Ever.

One simple loan

Consolidate multiple federal and private student loans into one easy-to-manage loan.

Choose your term

Customize your loan to fit your financial goals.
5, 7, 10, 15 and 20-year repayment terms available.2

Parents & Cosigners

Parents can refinance their Parent Plus loans, too. Adding a cosigner with strong credit can lower your interest rate.

Approval in minutes

Save time with our quick, online application.
Get pre-approved in minutes.1

Disclaimers

1. Credit Review and Approval. If you choose to apply for a Brazos Refinance Loan and continue your application past the pre-credit eligibility stage, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for Brazos to be able to issue you a Brazos loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.
The initial credit review is based on review of all the information you and your cosigner (if applicable) provide during the application process and the information obtained from your credit report(s). If you pass the initial credit review, you will need to provide acceptable documentation such as your income verification before the final loan approval.

2. The tables below contain the estimated monthly payments, estimated total interest, and estimated total cost of a $10,000 loan at the median fixed and variable rates for each of the terms we offer.

Fixed Rates

Term Median APR Number of Payments Estimated Monthly Payment Estimated Total Interest Estimated Total Cost
5 Year

%
60 $

$

$

7 Year

%
84 $

$

$

10 Year

%
120 $

$

$

15 Year

%
180 $

$

$

20 Year

%
240 $

$

$

Variable Rates

(Variable APRs and amounts subject to increase or decrease. Variable rates are indexed to the one-month LIBOR rate and assume a one-month LIBOR rate of %.)

Term Median APR Number of Payments Estimated Monthly Payment Estimated Total Interest Estimated Total Cost
5 Year

%
60 $

$

$

7 Year

%
84 $

$

$

10 Year

%
120 $

$

$

15 Year

%
180 $

$

$

20 Year

%
240 $

$

$

3. Using this calculator resource does not constitute an offer to receive a loan and will not solicit a loan offer. Any rates, terms, calculated payments and savings will depend on the actual amounts for which you are approved, should you choose to apply.
The interest rate for your loan may be based, in part, on whether you have a creditworthy cosigner. Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. Your interest rate may be higher without a creditworthy cosigner.

4. Credit score used is the Transunion FICO Score 8, which is based on information from TransUnion and may differ from other credit scores. FICO is a registered trademark of the Fair Isaac Corporation.

5. Brazos Refinance Loan fixed rates from % APR to % APR (with Auto-Pay Discount). Variable rates from % APR to % APR (with Auto-Pay Discount). Interest rates on Brazos loans are capped at 9.90%. Lowest variable rate of % APR assumes current 1 month LIBOR rate of % plus a % margin minus the 0.25% Auto-Pay Discount. Not all borrowers receive the lowest rate. If approved for a Brazos loan, the fixed or variable interest rate offered will depend on your creditworthiness, the term of the loan and other factors, and will be within the ranges of rates listed above. For the Brazos variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
Auto-Pay Discount. The interest rate in effect will be reduced by 0.25% if either the borrower or the cosigner authorizes automated (ACH) payments from any bank account. This ACH interest rate reduction, referred to as the Auto-Pay Discount, applies only when full principal and interest payments are automatically drafted from a bank account. This interest rate reduction will not continue to apply during periods of approved forbearance or deferment. The Auto-Pay Discount will terminate if the automatic bank account payments discontinue or there are any three instances of insufficient funds at any time during the term of the loan. A borrower may requalify upon reauthorization of automatic payments from a valid bank account.

6. Brazos Refinance Loan rates as of . Brazos Refinance Loan rates shown include the 0.25% Auto-Pay discount, available to borrowers who have payments automatically deducted from a bank account.
Using the Loan Calculator resource does not constitute an offer to receive a loan and will not solicit a loan offer. Any rates, terms, calculated payments and saving will depend on the actual amounts for which you are approved, should you choose to apply.

7. Brazos Refinance Loan variable interest rates shown are indexed to the one-month LIBOR rate. The Loan Calculator assumes a 1 month LIBOR rate of %. The actual 1 month LIBOR rate may differ and change monthly. This may cause your payment to increase or decrease after disbursement. Variable interest rates are capped and will never exceed 9.90%.