Parent Loan Calculator

The Brazos Parent Loan provides responsible Texans an alternative to the Direct Plus Loan. With no fees and competitive rates, the Brazos Parent Loan provides an affordable way for parents, family members or friends to help pay for a benefiting student’s undergraduate or graduate education. With our loan, your benefiting student can focus on their grades rather than student loan debt.

With our transparent pricing, you can estimate your rate before you apply. Using the parent loan calculator below, you can see how the Brazos Parent Loan and Direct Plus Loan compare.10


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. For a more thorough comparison of loan features, check out our Parent Loan Guide.


Using the calculator

  1. Parent loans can be made up to the cost of attendance, less other financial aid received. This amount is referred to as "financial need" below. Enter the cost of attendance less the amounts of any grants, scholarships or other loans that the benefitting student has been awarded. This information may be found on a financial aid award letter, or by inquiring with the school's financial aid office. Many colleges and universities provide general estimates of the cost of attendance on their websites.
  2. Origination fees are added to your loan amount, meaning you are borrowing more money to meet your financial need.
  3. The calculator assumes that the loan is disbursed, or paid, to the school in two equal installments, six months apart. Some schools have more or less than two disbursements, and the disbursements may not be six months apart.
  4. The calculator assumes that no payments are made between disbursements and that you begin making payments approximately 30 days after the loan amount is fully disbursed. Paying interest on your parent loans between disbursements can prevent interest from capitalizing, or being added to the balance of your loan at repayment. This avoids paying compound interest on your loan.

Parent Loan Details

Financial Need
(Amount you want to borrow)

$

Select your credit score11

Select your loan type

Compare to a Brazos Parent Loan

Direct PLUS Loan
10-year
Financial Need$

Origination Fee
$

12
Loan Amount
$

Interest Rate

%12
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Brazos
Parent Loan
5-year

Financial Need$

Origination Fee
$

0

Loan Amount
$

Interest Rate

%1,13
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Total Savings
$

Brazos
Parent Loan
7-year

Financial Need$

Origination Fee
$

0

Loan Amount
$

Interest Rate

%1,13
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Total Savings
$

Brazos
Parent Loan
10-year

Financial Need$

Origination Fee
$

0

Loan Amount
$

Interest Rate

%1,13
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Total Savings
$

Brazos
Parent Loan
15-year

Financial Need$

Origination Fee
$

0

Loan Amount
$

Interest Rate

%1,13
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Total Savings
$

Brazos
Parent Loan
20-year

Financial Need$

Origination Fee
$

0

Loan Amount
$

Interest Rate

%1,13
Capitalized Interest
$

Loan Balance at Repayment
$

Monthly Payment
$

Total Cost of Loan
$

Total Savings
$

(Variable rates and amounts subject to increase or decrease which may increase or decrease the Total Savings over time. Variable rates are indexed to the one-month LIBOR rate and assume a one-month LIBOR rate of %.)

Additional Resources

See a more comprehensive parent loan comparison including additional features of both the Direct Parent PLUS Loans and the Brazos Parent Loans.

If you're new to student loans, our parent loan guide and parent loan frequently asked questions are great resources for learning more about student and parent education loan options.

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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