Physicians face some of the highest education costs in the country. Between undergraduate studies, medical school, and residency, the need for affordable financing is unavoidable. That is where Brazos stands out. As a mission-driven nonprofit lender based in Texas, Brazos provides lower rates, flexible repayment options, and products designed for physicians and their families.
Why Physicians Should Consider Brazos
Unlike large national lenders, Brazos has been helping Texas families finance education for more than 45 years. As a nonprofit, Brazos reinvests in its mission to lower borrowing costs. Physicians in particular benefit from medical residency deferments, graduate and professional degree coverage, and loan limits that reflect the reality of medical school expenses.
Key advantages for physicians:
- Lower average interest rates compared to national banks
- Flexible deferments for medical residency and internships
- No origination or application fees
- 0.25% interest rate discount with autopay
- A Texas nonprofit mission focused on saving families money
Brazos Student Loans for Medical School and Beyond
Brazos Student Loans are available for undergraduates, graduate students, and professional programs such as medical, dental, veterinary, and law degrees. These loans are a strong option for physicians in training.
- Rates: Fixed APR from 2.71% to 7.38% with autopay; Variable APR currently ranges from 4.21% to 6.60% with autopay
- Loan Amounts: From $1,000 ($2001 for non-Texas residents) up to 100% of the school-certified cost of attendance
- Terms: Multiple Repayment Terms
- Eligibility: Texas residents, or non-Texas residents attending a Texas school. Not available to residents of Connecticut, Iowa, Maine, Maryland, New Jersey, Nevada, Oregon, Puerto Rico, or South Dakota.*
- Repayment Options: Immediate, interest-only, or full deferment while in school
- Special Benefits for Physicians: Deferment available during medical residency or internship
Apply for a Brazos Student Loan
Variable-rate student loans are only available to Texas residents. Loans to Non-Texas Residents are made by Bank of Lake Mills, member FDIC
Brazos Parent Loans: Affordable Support for Future Physicians
Parents often take on borrowing to help their children through medical school. Brazos Parent Loans provide a lower-cost alternative to federal PLUS loans, with competitive rates and flexible repayment.
- Rates: Fixed APR from 2.70% to 6.85% with autopay; Variable APR from 4.20% to 6.41% with autopay*
- Loan Amounts: $1,000 minimum, up to the full school-certified cost of attendance
- Terms: Multiple Repayment Terms
- Eligibility: Available only to Texas residents with qualifying credit and income
- Benefits: Cosigner release after 12 on-time payments, ability to cover prior tuition balances up to 180 days after the period, and the option to apply up to 210 days before school begins
Variable-rate parent loans are only available to Texas residents.
Brazos Student Loan Refinancing for Physicians
Physicians who have completed medical school can reduce their costs through refinancing. Brazos offers some of the most competitive refinance rates in Texas, giving doctors the ability to simplify repayment and save more as their incomes increase after residency.
- Rates: Fixed APR from 4.39% to 6.70% with autopay; Variable APR from 4.20% to 6.35% with autopay
- Loan Amounts: $10,000 minimum, up to $250,000 (or $400,000 for graduate and professional degrees)
- Terms: Multiple Repayment Terms
- Eligibility: Available only to Texas residents, subject to credit and income approval
- Benefits: No fees, cosigner release after 12 on-time payments, and forbearance options for hardship, natural disaster, or military service
Check Your Refinancing Rate with Brazos
Variable-rate refinancing is only available to Texas residents.
How Brazos Compares to Other Lenders
Federal PLUS loans and national private lenders typically charge higher interest rates, impose more fees, and offer limited deferment flexibility. Brazos provides:
- Lower fixed APRs
- No application or origination fees
- A nonprofit mission that puts borrowers first
For Texas families and physicians, Brazos consistently delivers greater long-term value.
Key Takeaways
Brazos is the best option for physician student loans in Texas. The nonprofit model delivers lower rates, flexible deferments, and no fees. Students can finance up to 100% of their education costs, while Texas parents benefit from a more affordable alternative to federal PLUS loans. Physicians who refinance after residency can save significantly with Brazos’ low rates. With more than 45 years of experience and over 2 million students served, Brazos has a proven history of helping Texas families manage education costs.
Brazos loans are private student loans and not affiliated with or guaranteed by the federal government. Private loans are not eligible for federal income-driven repayment plans, loan forgiveness programs, or other federal benefits. All loans are subject to credit approval, verification of income, and eligibility requirements established by Brazos or its lending partners. Variable-rate products and refinancing are available only to Texas residents. Loan rates, terms, and availability may change without notice. Please visit studentloans.com for the most current information.
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