School Eligibility
A borrower must be financing the education of an eligible benefitting student that is enrolled at least half-time in:
- One of over 2,000 accredited Title IV schools eligible for financial aid.
- A 4-year degree-granting school that is a state or private nonprofit institution.
- A not-for-profit proprietary school
Benefitting Student Eligibility
Eligible benefitting students must:
- 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.
- 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.
Borrower Eligibility
Eligible borrowers must:
- Be applying to finance the education of an eligible benefiting student attending an eligible school.
- 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 resident of the State of Texas. (Not a Texas resident?)
- Be at least 18 years old.
- Have a minimum annual income of $35,000, or apply with a qualified cosigner.
- Have a FICO score of at least 680 or apply with a qualified cosigner.
- Have a strong credit history and meet other credit requirements.
Cosigner Eligibility
Eligible cosigners must:
- Be a United States citizen, National, or non-citizen with government-issued, non-expired documentation of permanent resident status residing in the United States.
- Be a resident of the State of Texas. (Not a Texas resident?)
- Be at least 18 years old.
- Have a minimum annual income of $35,000.
- Have a FICO score of at least 680.
- Have a strong credit history and meet other credit requirements.
Parent Loan Limits
The minimum loan amount for parent college loans is $1,000. Parent loans for college 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 for parent college loans:
- Proof of Texas residency.
- Your social security number.
- Identifying information about the Benefiting Student, including the 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).
Have Questions About the Brazos Parent Student Loans?
To guide your loan application process, we’ve answered some of the most common questions about Brazos parent loans, including repayment options for college loans for parents and how it differs from Federal Direct Parent PLUS Loans.
