Student Loan FAQs
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
No. The loan will be in your name and cannot be transferred to your benefiting student.
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
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.
You may borrow up to the cost of attendance, less other financial aid received, as certified by the school your student is attending. The minimum loan amount is $1,000.
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.
Yes! Consolidate multiple federal and private student loans into one easy-to-manage loan.
Origination fees can mean borrowing more than the actual cost of college. Unlike the Direct Parent PLUS program, there are no origination fees. Ever.
No, The Brazos Parent Loan is available to parents, grandparents and other family members and friends of the benefiting student.