Student Loan Refinance Guide

Before You Refinance...

To determine if refinancing your student loan is right for you, there are a few things you’ll need to keep in mind as you explore your options.

  • How your credit score impacts your rate
  • Repayment options available on your current loans
  • Details of your existing loan or loans

How Your Credit Impacts Your Rate

Before you go shopping for a loan, it’s important to understand your credit profile. Brazos Refinance Loans are a private student loan and your rate will depend on your credit. For refinance loans, the better your credit, the lower the interest rate you will qualify for, reducing your payment and saving you interest. Understanding your credit history and rough FICO score can help you shop for refinance options more effectively.

Brazos strives to provide transparent pricing. Check out our Rates & Terms to see our loan options, rates, and terms.


What Repayment Options Are Available On Your Current Loans?

Brazos Refinance Loans begin repayment immediately and do not offer repayment options such as graduated repayment schedules or income sensitive repayment options. These options may be available to you through your current lender and will be lost if you refinance your existing loans. If you believe you may want to take advantage of these special repayment options, refinancing may not be right for you.

Also, forbearance and deferment options may be available with your existing loans that are not available with a refinance loan. If you plan on going back to school, for instance, your existing loans may allow you to defer payment on the loans until you are no longer enrolled in school, whereas a Brazos Refinance Loan will not have this deferment option.


Details of Your Current Student Loan or Loans

In order to make an informed decision about refinancing your student loans, you’ll need some information about your existing loans.

  • How much do you currently owe?
  • What is your current interest rate?
  • When is your expected payoff date?
  • What is the current payment on your loan or loans?

This information will be necessary in order to calculate and compare total interest and monthly payments on your existing loans to those of refinance loan alternatives. If you don’t have this information, check with your current loan servicer. You should be able to get this information by logging in to their payment website or by referencing a recent billing statement.

Once you have this information gathered, check out our Refinance Calculator to see how a Brazos Refinance Loan can help you meet your financial goals.


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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