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Student Loan Calculator


A Brazos Student Loan can help you pay for your college education.
When scholarships, grants and federal student loans aren't enough, a Brazos Student Loan can help!
Use the calculator below to estimate the cost of a Brazos Student Loan.1



Step 1: Enter the amount you need to borrow and the number of years until you graduate from your current degree.



$


Step 2: Enter the loan type, choose your repayment option, and your credit score or the credit score of your cosigner.






Note: We allow cosigners! We understand students often times have not had a chance to establish a credit history.
If you're applying with a cosigner, you can estimate the cost of the loan using your cosigner's credit score instead!


Brazos
5-year
Loan Amount
$
Origination Fee
$0 
APR
%3,4
Capitalized Interest
$3
Loan Balance
at Repayment
$3
Monthly Payment
$3
Total Cost of Loan
$3
Brazos
7-year
Loan Amount
$
Origination Fee
$0 
APR
%3,4
Capitalized Interest
$3
Loan Balance
at Repayment
$3
Monthly Payment
$3
Total Cost of Loan
$3
Brazos
10-year
Loan Amount
$
Origination Fee
$0 
APR
%3,4
Capitalized Interest
$3
Loan Balance
at Repayment
$33
Monthly Payment
$33
Total Cost of Loan
$33
Brazos
15-year
Loan Amount
$
Origination Fee
$0 
APR
%3,4
Capitalized Interest
$3
Loan Balance
at Repayment
$3
Monthly Payment
$3
Total Cost of Loan
$3
Brazos
20-year
Loan Amount
$
Origination Fee
$0 
APR
%3,4
Capitalized Interest
$3
Loan Balance
at Repayment
$3
Monthly Payment
$3
Total Cost of Loan
$3

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Disclaimers


1. The rates, terms, capitalized interest, calculated payments and total loan cost amounts are estimates only. The calculator assumes that the amount of the financial need is disbursed to the school in two equal installments five (5) months apart. Capitalized interest is calculated during this five month period at the interest rates shown. This capitalized interest is added to the amount of financial need to arrive at the estimated balance of the loan when repayment begins. Estimated payments are based upon the projected balance at repayment, including capitalized interest. Calculated monthly payments and total payments are based on information provided by you and assume that the interest rates remains constant throughout the life of the loans and that the loans will be repaid in equal monthly installments. Please note that the interest rate will not remain constant for a variable rate loan although it is assumed to remain constant for purposes of this calculator. This resource also assumes that you will pay continuously throughout the repayment period with no breaks for forbearance or prepayments. We cannot guarantee the accuracy or completeness of the information or the Student Loan Calculator resources' applicability to your circumstances.

Using the Loan Calculator resource does not constitute an offer to receive a loan and will not solicit a loan offer. Any rates, terms and calculated payments will depend on the actual amounts for which you are approved, the repayment option you select, the actual time between disbursements at your school, and the actual length of any interim period prior to the start of repayment, should you choose to apply.


2. Credit score used is the Transunion FICO Score 8, which is based on information from TransUnion and may differ from other credit scores. FICO is a registered trademark of the Fair Isaac Corporation.


3. Brazos Student Loan fixed rates from % APR to % APR (with Auto-Pay Discount). Variable rates from % APR to % APR (with Auto-Pay Discount). Interest rates on Brazos loans are capped at 9.90%. Lowest variable rate of % APR assumes current one-month SOFR rate of % plus a % margin minus the 0.25% Auto-Pay Discount. Not all borrowers receive the lowest rate. If approved for a Brazos Student Loan, the fixed or variable interest rate offered will depend on your creditworthiness, the term of the loan, the repayment plan selected and other factors, and will be within the ranges of rates listed above. For the variable rate Brazos Student Loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.

Auto-Pay Discount. The interest rate in effect will be reduced by 0.25% if either the borrower or the cosigner authorizes automated (ACH) payments from any bank account. This ACH interest rate reduction, referred to as the Auto-Pay Discount, applies only when full principal and interest payments are automatically drafted from a bank account. This interest rate reduction will not continue to apply during periods of approved forbearance or deferment. The Auto-Pay Discount will terminate if the automatic bank account payments discontinue or there are any three instances of insufficient funds at any time during the term of the loan. A borrower may requalify upon reauthorization of automatic payments from a valid bank account.


4. Brazos Student Loan rates as of . Brazos Student Loan rates shown include the 0.25% Auto-Pay Discount, available to borrowers who have payments automatically deducted from a bank account.

Variable interest rates shown are indexed to the one-month SOFR rate. The Loan Calculator assumes a one-month SOFR rate of %. The actual one-month SOFR rate may differ and change monthly. This may cause your payment to increase or decrease after disbursement. Your interest rates are capped and will never exceed 9.90%.

The interest rate for your loan may be based, in part, on whether you have a creditworthy cosigner. Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. Your interest rate may be higher without a creditworthy cosigner.