ATTENTION: WE ARE IN UNCERTAIN TIMES. WE ARE HERE TO HELP. PLEASE TAKE THE TIME TO READ IMPORTANT INFORMATION AND FAQs RELATING TO COVID-19. SEE THE FAQS
ATTENTION: WE ARE IN UNCERTAIN TIMES. WE ARE HERE TO HELP. PLEASE TAKE THE TIME TO READ IMPORTANT INFORMATION AND FAQs RELATING TO COVID-19. SEE THE FAQS
Parent Loans
They have big dreams.
A parent loan can help you make them a reality.
A Brazos Parent Loan can help you pay for your student's college education.
With no fees, low rates and more available repayment terms than the Direct Parent PLUS loan, they can save you money, too.
Variable rates starting at % APR and fixed rates starting at % APR (with a 0.25% Auto-Pay discount).1 (Not a Texas resident?)
Brazos Parent Loan Features
Save Money
Great low rates can save you money over the life of the loan, allow you to pay off your debt sooner, or lower your monthly payments.
Zero fees
Origination fees can mean borrowing more than the actual cost of college. Unlike the Direct Parent PLUS program, we don't charge origination fees. Ever.
Choose your term
Customize your loan to fit your financial goals.
5, 7, 10, 15 and 20-year repayment terms available.2
Not just for parents
The Brazos Parent Loan is 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 program, parents may use a Brazos Parent Loan to finance the cost of a graduate degree, including medical, law, MBA and other professional degrees.
Approval in minutes
Save time with our quick, online application.
Get pre-approved in minutes4.
Parent Loan Rates & Repayment Terms
More ways to save. Choose your type of rate (fixed or variable) and your loan repayment term to fit your personal financial goals.
Variable Rates
Competitive rates from % APR to % APR (including a 0.25% Auto-Pay Discount).1
5, 7, 10, 15 and 20-year repayment terms available.2
Lower starting rates than comparable fixed rate loans can result in lower interest costs.
Variable rates may increase or decrease after origination. Monthly payments may vary after origination.
Fixed Rates
Competitive rates from % APR to % APR (including a 0.25% Auto-Pay Discount).1
5, 7, 10, 15 and 20-year repayment terms available.2
Fixed rates stay the same for the life of the loan and do not vary as the market changes.
Fixed rate loans offer peace of mind and still offer significant savings over existing high interest rate loans.
Transparent Pricing.Unlike most other lenders, see our rates before you apply.
Is a Parent Loan Right for Me?
Brazos Parent loans can be great tools for financing your student's education. Parent loans can:
- offer significant savings compared to Direct Parent PLUS loans,
- help lower or eliminate the debt burden on your student at graduation, and
- help bridge the gap between the cost of attending college and other available financial aid options.
Cost is not the only factor you should consider when deciding between student loan options. Other loan features such as repayment plan options, deferment and forbearance options, and loan forgiveness programs should also be considered when making a decision.
To learn more, see our Parent Loan Guide for details on how parent loans can be a part of your college financial aid strategy.
Ready to Get Started?
It's Easy and Free!
1
Explore your loan options
Determine the cost of attendance for your student (see the Certifying Cost of Attendance section of the FAQs). Then, use our Parent Loan Calculator to see our rates and determine the loan that fits your financial needs.
2
Check your eligibility
We offer parent loan options for credit worthy Texas residents who want to help their student attend one of over 2,000 colleges nationwide. Check our Eligibility Requirements and FAQs for additional details.
3
Gather your information and apply!
Get pre-approved in minutes!
Application is online and convenient. Gather the required information and apply online.4
Refer a friend. Earn $200.
Have a friend who needs a Brazos Refinance Loan or a Brazos Parent Loan?
1
Enter your email address and receive your unique referral link.
2
Share your unique link with friends.
3
Receive $200 each time someone successfully takes out a loan using your link.