Student Loan FAQs

Frequently Asked Questions
What do I need to apply for a student loan?
Answer

You will need:

  • Proof of Texas residency (a state ID or Driver’s License)
  • Your social security number
  • Your student's social security number, date of birth and the name of the school at which your student is enrolled
  • The Cost of Attendance as well as the amount of other financial aid you or your student has been awarded
  • Your permanent address
  • Proof of income (depending upon your sources of income, this may be your two most recent pay stubs, 1099 Forms, or your most recent tax return)
  • One reference who is not a cosigner on the loan nor the benefiting student
Am I eligible for a Brazos Parent Loan?
Answer

To be eligible for a Brazos Parent Loan, you must:

  • Be a U.S. 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
  • Be a Texas resident and be at least the age 18 years old
  • Be applying to finance the education of a student who is enrolled at least half-time in a degree-granting program at one of over 2,000 schools nation-wide
  • Apply for an amount that is certified by the school your student is attending
  • Have a verified income and a strong credit history
  • Demonstrate the ability to support the repayment of the new loan
Can a Brazos Parent Loan be used to pay for graduate school?
Answer

Yes. Unlike the federal Direct Parent PLUS loan, the Brazos Parent Loan is available to help pay for a benefiting student's graduate degree. The Brazos Parent Loan is a great option to help pay for law school, medical school, dental school, an MBA, or other advanced degree programs.

Who may apply for a Brazos Parent Loan?
Answer

Brazos Parent Loans allow parents or other individuals, who are Texas residents, to finance a benefiting student's undergraduate or graduate education at one of over 2,000 schools nationwide. The benefiting student does not have to be a resident of Texas.

Frequently Asked Questions by Category

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Apple Pay FAQs
Apple Pay FAQs
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Business FAQs
Business FAQs
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Checking FAQs
Checking FAQs
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Grandma video chatting with granddaughter
COVID-19 FAQs
COVID-19 FAQs
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Fraud Alert FAQs
Fraud Alert FAQs
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Couple Enjoying Road Trip
Insurance FAQs
Insurance FAQs
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Couple traveling looking at reservations
International Travel FAQs
International Travel FAQs
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Man looking at mobile phone.
Mobile & Online FAQs
Mobile & Online FAQs
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Family moving into new house
Mortgage FAQs
Mortgage FAQs
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Graduate hugging father
Student Loan FAQs
Student Loan FAQs
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Wealth & Trust FAQs
Wealth & Trust FAQs

Important Disclosures and Information

  • Extraco Banks has a referral marketing relationship with the lender and will receive a referral fee for Brazos Loans funded as a result of that relationship.  Student and parent/grandparent loans are provided by Brazos Higher Education and are not underwritten by Extraco Banks.