Student Loans

Continuing your education is more important than ever, and so is making smart financial decisions when it comes to paying for that education, which is why we offer the Texas Extra Credit Education Loan through our partner, Higher Education Servicing Corp.

Texas Extra Credit is a private student loan developed specifically to help Texas residents pay for college when scholarships, grants, and federal aid just aren't enough to cover the full cost of attendance.  (see Important Notice below) 

Learn more about Texas Extra Credit's program features, valuable borrower benefits, and repayment options below.

IMPORTANT NOTICE We highly recommend students apply for and utilize all federal student aid programs through the Free Application for Federal Student Aid (FAFSA) at prior to applying for any private student loan.  If you decide to apply for a private loan it is best to apply with a creditworthy cosigner as most student applicants do not meet the credit criteria.  Having a cosigner may also help secure a lower interest rate. 

 Program Features

  • Complete your loan application online in as little as 15 minutes - initial credit decisions are typically made within minutes1
  • Competitive fixed rates ranging from 2.96% APR (with Auto Pay Discount5) to 7.60% APR2
  • Borrow from $1,000 to $65,000 annually - loans can even be used for past due balances(loans are certified by the school and may not exceed full cost of education minus other financial aid)
  • Maximum aggregate loan limit is $150,000 inclusive of all student loan debt
  • Satisfactory Academic Progress (SAP) not required
  • No application or origination fees 


  • 0.25% interest rate reduction just for graduating4
  • 0.25% interest rate reduction for auto-debit payments5
  • Cosigner release after the first 24 consecutive on-time monthly loan payments6
  • Death Forgiveness7
  • Total & Permanent Disability Forgiveness8


  • Choose from our three repayment options:  Immediate, Interest-Only, or Fully Deferred Repayment5

  • Choice of 5,10 or 15-year repayment terms


  • Student borrower must be enrolled at least half time in a degree-granting program (as certified by the school) at an approved school
  • Student borrower and cosigner (if applicable) must be permanent residents of Texas
  • The applicant applying as creditworthy (i.e. the cosigner or the student applying without a cosigner) must provide proof of current income
  • Student borrower and cosigner (if applicable) must be United States citizens/nationals or lawful permanent resident aliens of the United States

Start Your Application Today

Completing the online loan application takes as little as 15 minutes.  And, the application makes it easy to invite a co-signer to the process, mix and match loan options, and compare loan scenarios, - so you can select a loan that's right for you.

Texas Extra Credit
M-F, 8am to 5pm CT

What You'll need to Apply

  • Bio/Demographic Information
  • Employment History
  • Financial Information
  • Reference

Apply Now     Privacy Policy      Program Footnotes & FAQs     About Texas Extra Credit

No worries.  If you don't have all of the necessary information to complete your application, we'll safely and securely save it for you.  

Parent Loan Program

The Texas Extra Credit Parent Loan is a great, low-cost loan option for parents or other family members who wish to help pay for a student's college tuition and expenses when scholarships, grants and federal student loans just aren't enough.

Read more about the Parent Loan Program, including interest rates, loan limits and benefits, here, or Apply Now.  

Questions about our products and services? Give us a call at 817.884.1470.