Brazos Parent Loan Eligibility


Brazos strives to provide transparent pricing and eligibility. We encourage you to familiarize yourself with the eligibility requirements prior to applying. In addition to the requirements below, borrowers and cosigners must meet other credit criteria in order to qualify.


School Eligibility

A borrower must be financing the education of an eligible benefitting student that is enrolled at least half-time in:

  1. one of over 2,000 accredited Title IV schools eligible for financial aid,
  2. a 4-year degree granting school that is a state or private nonprofit institution, and
  3. a school that is not a for-profit proprietary school.

Benefitting Student Eligibility

Eligible benefitting students must:

  1. be enrolled at least half time at an eligible school for the academic year or period as certified by the school for which a loan is obtained,
  2. be enrolled in a degree granting program; if the benefitting student has not yet matriculated in a program, they must be working towards a degree, and
  3. maintain satisfactory academic progress, demonstrated by school certification or verification of continued enrollment.

Borrower Eligibility

Eligible borrowers must:

  1. be applying to finance the education of an eligible benefitting student attending an eligible school,
  2. be a United States citizen or National, non-citizen with government issued, non-expired documentation of permanent resident status, or, if applying with an eligible cosigner, a non-citizen with a work or student visa,
  3. be a resident of the State of Texas, (Not a Texas resident?)
  4. be at least 18 years old,
  5. have a minimum annual income of $60,000, or $30,000 if applying with a qualified cosigner,
  6. have a FICO score of at least 720, or 690 if applying with a qualified cosigner, and
  7. have a strong credit history and meet other credit requirements.

Cosigner Eligibility

Eligible cosigners must:

  1. be a United States citizen or National or a non-citizen with government issued, non-expired documentation of permanent resident status residing in the United States,
  2. be a resident of the State of Texas, (Not a Texas resident?)
  3. be at least 18 years old,
  4. have a minimum annual income of $60,000,
  5. have a FICO score of at least 720, and
  6. have a strong credit history and meet other credit requirements.

Loan Limits

The minimum loan amount is $1,000. Loans may be requested up to the cost of attendance, less other financial aid, as certified by the school.


Required Information

Information you will need to apply:

  • Proof of Texas residency (a state ID or Driver’s License),
  • Your social security number,
  • The social security number, date of birth, and name of the school at which your student is enrolled,
  • The Cost of Attendance as well as the amount of other financial aid you or your student has been awarded (this can be obtained from your financial aid award letter or your school's financial aid office),
  • Your permanent address,
  • Proof of income (depending upon your income types, this may be your two most recent pay stubs, 1099 Forms, or your most recent tax return), and
  • One reference who is not a cosigner on the loan nor the benefiting student

BRAZOS RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. Brazos loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Program restrictions, other terms, and conditions apply. All loans are subject to individual approval and adherence to eligibility requirements and underwriting guidelines. Not all borrowers receive the lowest rate. If approved, your actual rate will be within the range of rates listed in this website and will depend on a variety of factors, including whether your loan has a fixed or variable interest rate, the term of the loan and your credit score. Rates and Terms are subject to change at any time without notice. Brazos loans are originated by Brazos Education Lending Corporation.

None of the information contained in this website constitutes a recommendation, solicitation or offer by Brazos or Brazos Higher Education to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.


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