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 Texas-based nonprofit with more than 40 years of experience, Brazos provides lower rates, flexible repayment options, and products designed specifically for students, parents, and physicians.
Why Brazos Matters for Physicians
Most student loan lenders are large, for-profit institutions that charge higher rates and add unnecessary fees. Brazos is different. As a nonprofit, it reinvests in its mission to save families money. Physicians benefit from competitive rates, no fees, and repayment terms that recognize the financial realities of medical training.
What physicians gain with Brazos:
- Competitive fixed rates starting at 2.71% APR with autopay
- No origination or application fees
- Cosigner release after 12 on-time payments
- Repayment flexibility, including deferments during residency and internships
- Borrowing limits that cover the full cost of a medical education
Student Loans for Medical School and Professional Degrees
Brazos Student Loans are available to both Texas residents and non-Texas residents attending a Texas school*. These loans are ideal for physicians in training and professional students in programs such as medicine, dentistry, veterinary science, and law.
- Rates: Fixed APR from 2.71% to 7.38% with autopay; Variable APR from 4.21% to 6.41% with autopay
- Loan Amounts: $1,000 minimum ($2001 for non-Texas residents), up to 100% of the school-certified cost of attendance
- Terms: multiple options
- Repayment Options: Immediate, interest-only, or deferred while in school
- Special Benefits for Physicians: Deferments available for residency, internship, and back-to-school enrollment
Apply for a Brazos Student Loan
Variable-rate student loans are only available to Texas residents. Loans are not available to residents of Connecticut, Iowa, Maine, Maryland, New Jersey, Nevada, Oregon, Puerto Rico, or South Dakota.
Parent Loans for Families Supporting Future Physicians
Parents often borrow to help cover the cost of medical school. Brazos Parent Loans provide a more affordable option than federal PLUS loans, with lower rates and no fees.
- Rates: Fixed APR from 2.70% to 6.85% with autopay; Variable APR from 4.20% to 6.60% with autopay
- Loan Amounts: $1,000 minimum, up to the full school-certified cost of attendance
- Terms: multiple options
- Eligibility: Available only to Texas residents, subject to credit and income approval
- Benefits: Cosigner release after 12 on-time payments, ability to fund prior tuition balances up to 180 days after the loan period, option to apply up to 210 days before the start of school
Parent loans are only available to Texas residents.
Physician Student Loan Refinancing
For physicians who have completed school, refinancing can unlock major savings. Brazos offers refinancing exclusively to Texas residents, with highly competitive fixed and variable rates.
- 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 options
- Eligibility: Texas residents only, subject to credit approval, minimum FICO and income requirements apply
- Benefits: 0.25% autopay discount, no fees, cosigner release after 12 on-time payments, forbearance available for hardship, natural disaster, or military service
Check Your Brazos Refinance Rate
Refinance loans are only available to Texas residents.
How Brazos Compares to Other Lenders
Federal PLUS loans and national private lenders often carry higher rates, fewer deferment options, and added fees. Brazos consistently offers:
- Lower fixed APRs
- No origination or application fees
- A nonprofit mission that prioritizes borrower savings
Key Takeaways
Physician student loans require more than just access to funding. They require affordable rates, flexible repayment, and a lender that understands the unique demands of medical training. Brazos delivers on all three. Students can borrow up to the full cost of attendance, parents can find an alternative to PLUS loans, and Texas physicians can refinance to save thousands. With more than 45 years of experience and over 2 million students served, Brazos is a proven partner in lowering 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.
* Loans made to Non-Texas residents are made by Bank of Lake Mills, member FDIC
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