![]() ![]() The lowest APR calculations assume the highest creditworthy borrower that selects the Immediate Repayment option and begins making payments after the loan is fully disbursed, with a 60 month repayment term. Not all borrowers receive the lowest rate. Certain other terms and conditions apply.Ĥ: Brazos Student Loan interest rate ranges are based upon the repayment term and options selected and the creditworthiness of the borrower or co-signer, and include the 0.25% Auto-Pay Discount. The Auto-Pay Discount only applies when full principal and interest payments are automatically drafted from a bank account and does not apply during periods of approved forbearance or deferment. The interest rate in effect will be reduced by 0.25% if either the borrower or cosigner authorizes automated (ACH) payments from any bank account. Since that time, the Brazos Managed Companies have, on a combined basis, served an estimated 2 million student borrowers and have helped fund an estimated $30 billion in student loans.ģ: AutoPay Discount. The first of the Brazos Managed Companies was organized in 1975 in Waco, Texas, as a secondary market for student loans. 1: Brazos Education Lending Corporation, a Texas non-profit managed by Brazos Higher Education, is the lender on all Brazos Loans.Ģ: Brazos Education Lending Corporation is a part of a group of several non-affiliated nonprofit companies that are all managed by Brazos Higher Education and are commonly referred to as the Brazos Managed Companies.
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