Through the Diamond Benefits^® program, Federal Stafford Loan borrowers attending any school located in either Texas or Louisiana or that uses Brazos Higher Education Services Corporation, Inc. as their loan servicing agent will receive up to a 2% interest rate reduction when their loan enters repayment.

Borrower Benefits

• An immediate 0.25% interest rate reduction when the loan enters repayment
• A 1.75% interest rate reduction for automatic direct debit of payment

To maintain the interest rate reduction benefit, all payments must be made on time (within 15 days of the payment date) and must be directly debited from a bank account. If a payment is late or automatic payment is stopped, the rate reduction benefit is lost and the rate will default to the higher government-set rate for all Federal Stafford Loans.

How to Apply
Students must complete a Free Application for Federal Student Aid (FAFSA) to determine aid eligibility, and a Federal Stafford Loan Master Promissory Note (MPN).

Borrower Eligibility

• Be a U.S. citizen or eligible non-citizen attending any school approved by the U.S. Department of Education located in either Texas or Louisiana, or that uses Brazos Higher Education Services Corporation, Inc. as their loan servicing agent
• No income requirement
• Must meet the standard Stafford eligibility requirements
• Be accepted for enrollment in a participating school; or if enrolled, be making satisfactory progress
• Be classified as at least a half-time student and working toward a degree or certificate
• Not be in default on an education loan or owe any education grant refund
• Be registered with the Selective Service, if required
• Have financial need in order to receive a Federal Stafford Loan

For more information, contact our customer service center to speak with an education loan specialist at 800-762-1001, Monday through Friday from 8am to 6pm Eastern time.