The Brazos Higher Education Authority, Inc. (the "Authority) is a Texas non-profit corporation organized under the terms of the Texas Non-Profit Corporation Act and operating in accordance with the provisions of Chapter 53 of the Texas Education Code to provide a secondary market for loans to eligible students attending an eligible institution of higher education in the State of Texas.

Brazos, through its various groups, commonly referred to as "The Brazos Group", furnishes financing for the unmet financial needs of college and university students attending community college, technical college, public and private 4-year universities, and graduate schools and the private origination of loans, and a secondary market for the acquisition of loans made by banks, insurance companies, and credit unions.

To fill the financial needs, Brazos provides loans authorized by the U.S. Department of Education (Title IV, FFELP, Parent Loans, and Consolidated Loans) U.S. Department of Health and Human Services Loans (HEAL) and Technical Education Resource Loans (TERI), an other consolidated and private alternative loans.

You may contact us at any one of the following locations:

www.bhesc.org
Brazos Higher Education Service Corporation
2600 Washington Avenue
Waco, TX 76710
1-800-375-0915
1-254-752-0913
FAX 1-254-754-0267

Brazos Higher Education Service Corporation
300 Highland Mall Boulevard
Austin, TX 78761
1-800-375-9208
1-512-459-9208
FAX 1-512-454-5516

U.S. Education Finance Corporation
600 Brickell Avenue, #400
Miami, FL 33131

At the present time, the Authority is the largest non-profit secondary market for student loans operating in the State of Texas. Its function is to provide funds for lower income and needy students regardless of race, color, creed, religion, age or gender.

The Authority currently operates with four trustees:

1. Chase Bank of Texas, N.A., Houston, Texas
2. Bank One Texas, N.A., Austin, Texas
3. Firstar Bank, N.A., Cincinnati, Ohio
4. Wells Fargo Bank, N.A., Fort Worth, Texas

The Authority currently operates with three underwriters to handle the issuance and sale of its bond obligations:

1. Salomon Smith Barney, New York, New York
2. Bank of America, N.A., Dallas, Texas
3. PNC Bank, N.A., Pittsburgh, Pennsylvania

The Authority currently operates with ten sub-servicer:

1. Pennsylvania Higher Education Assistance Agency (PHEAA)
2. Unipac Service Corporation (UNIPAC)
3. AFSA Data Corporation (AFSA)
4. USA Group Loan Services, Inc.
5. SunTech, Inc. (SUNTECH)
6. Council for South Texas for Economic Progress (COSTEP)
7. Georgia Student Finance Authority
8. Great Lakes Higher Education Corporation
9. Educational Funding Services, Inc. (EFSI)
10. Sallie Mae Servicing Corporation (Sallie Mae)

The Authority currently has insurance agreements with:

1. US Department of Education
2. US Department of Health & Human Services
3. HICA
4. The Education Resources Institute, Inc. (TERI)
5. TuitionGard, Ltd.

The Authority currently has guaranty agreements with the following state guarantors:

1. Arkansas - Student Loan Guarantee Foundation of Arkansas
2. American Student Assistance (ASA) (Massachusetts)
3. California Student Aid Commission (CSAC)
4. Colorado Student Loan Program
5. Connecticut Student Loan Foundation
6. Educational Credit Management Corporation (ECMC)
7. Florida Office of Student Financial Assistance
8. Georgia Higher Education Assistance Corporation
9. Great Lakes Higher Education Corporation


1. Minnesota
2. Ohio
3. Puerto Rico
4. Virgin Islands
5. Wisconsin


10. Illinois Student Assistance Commission
11. Kentucky Higher Education Assistance Authority


1. Includes Alabama


12. Louisiana Office of Student Financial Assistance
13. Finance Authority of Maine
14. Michigan Higher Education Assistance Authority
15. Missouri Coordinating Board for Higher Education
16. Northstar Guarantee, Inc.
17. Nebraska Student Loan Program, Inc.
18. Northwest Education Loan Association (Washington)


1. Includes Idaho


19. New Jersey Office of Student Loans
20. New York State Higher Education Service Corporation
21. Oklahoma State Regents for Higher Education
22. Oregon Student Assistance Commission
23. Pennsylvania Higher Education Assistance Agency (PHEAA)


1. Includes Delaware
2. Includes West Virginia


24. Texas Guaranteed Student Loan Corporation (TGSLC)
25. United Student Aid Funds, Inc. (USAF)


1. Includes Arizona Education Loan Program
2. Includes Alaska Commission on Postsecondary Education
3. Includes Hawaii
4. Includes State Student Assistance Commission of Indiana
5. Includes Kansas Higher Education Assistance Foundation
6. Includes Maryland Higher Education Loan Corporation
7. Includes Mississippi Guarantee Student Loan Agency
8. Includes Nevada
9. Includes Pacific Islands
10. Includes Wyoming Higher Education Authority Foundation

All guaranty agreements are reinsured by the U. S. Office of Education.

The Authority has no paid personnel. All personnel are employees of the Servicing Agent, Brazos Higher Education Service Corporation, Inc. At this time, the Servicing Agent operates out of nine locations.

1. 2600 Washington Avenue, Waco, Texas
2. 2612 Washington Avenue, Waco, Texas
3. 111 South 18th Street, Waco, Texas
4. 115 south 18th Street, Waco, Texas
5. 300 Highland Mall Boulevard, Austin, Texas
6. 27127 Calle Arroyo, San Juan Capistrano, California
7. 600 Brickell Avenue, Miami, Florida
8. 1700 Frierson, Jonesboro, Arizona
9. 10009 Garrett Street, Vienna, Virginia

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