Student Loan Refinance Eligibility

Brazos strives to provide transparent pricing and eligibility. We encourage you to familiarize yourself with the eligibility requirements prior to applying. In addition to the requirements below, borrowers and cosigners must meet other credit criteria in order to qualify.

Borrower Eligibility

Eligible borrowers must:

1. have graduated and received at least an undergraduate bachelors from one of over 2,000 eligible schools,
2. be the borrower of the loans to be refinanced,
3. be a United States citizen or National or a non-citizen with government issued, non-expired documentation of permanent resident status, or, if applying with an Eligible Cosigner, a non-citizen with a work or student visa,
4. be a resident of the State of Texas, (Not a Texas resident?)
5. be at least 18 years old,
6. be applying to refinance at least one outstanding, fully disbursed education loan,
7. be employed or self-employed at the time of application or have accepted a firm offer of employment with a start date within sixty (60) days,
8. have a minimum annual income of $60,000, or $30,000 if applying with a qualified cosigner,
9. have a FICO score of at least 720, or 690 if applying with a qualified cosigner (Don't know your credit score?), and
10. have a strong credit history and meet other credit requirements.

Cosigner Eligibility

Eligible cosigners must:

1. be a United States citizen or National or a non-citizen with government issued, non-expired documentation of permanent resident status residing in the United States,
2. be a resident of the State of Texas, (Not a Texas resident?)
3. be at least 18 years old,
4. have a minimum annual income of $60,000,
5. have a FICO score of at least 720 (Don't know your credit score?), and
6. have a strong credit history and meet other credit requirements.

Loan Limits

The minimum loan amount is $10,000. The maximum loan amount is $150,000 for borrowers with a bachelors degree and $400,000 for a graduate, medical, law or other professional degrees.

Required Information

Information you will need to apply:

• Proof of Texas residency (a state ID or Driver’s License)
• Your social security number.
• 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
• A payoff verification from your current loan servicer or lenders including the address where payoff payments are to be mailed (this certifies the amount of principal and interest currently owed on your existing loans). This statement lets us know the total amount needed to pay off your existing loans, and can often be obtained online from your current loan servicer.

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