Fixed Rate Education Loans
Ranging From
3.56%* - 7.60% APR1
*with Auto Pay discount6
Apply for a Student Loan Apply for a Parent LoanHelping Texans Pursue and Achieve A Higher Education
With a Texas Extra Credit Education Loan
Higher Education Servicing Corporation is a Texas - based nonprofit
Low-cost private loan program for Texas students
Can cover college tuition and expenses when financial aid isn't enough
Before applying for a Texas Extra Credit Education Loan, we highly recommend you apply for and utilize all federal student aid through the Free Application for Federal Student Aid (FAFSA) at fafsa.gov. To learn more about the types of federal student aid available, when to apply and eligibility requirements, visit studentaid.gov.
How the Application Process Works
Apply
Start your loan with our easy online application.
Submit
Receive an initial credit decision within minutes of submitting your application.
Verify
Provide any required documentation to verify the information on your application.
Sign
If approved, sign your loan application. We’ll then request the school to certify the loan.
Approve
Once certified, provide final loan approval and your funds can be disbursed.
Program Features
An Education Loan Made for You
Low-Cost Private Loan Program
Designed to help Texas residents pay for their college costs.
Initial Credit Decision in Minutes2
Short and easy online application.
Competitive Fixed Interest Rates
With a variety of repayment terms, options and valuable borrower benefits.
Compare Loan Scenarios
Compare loan scenarios in real-time by selecting different repayment terms and options.
Loan Limits3
Borrow from $1,000 to $65,000 annually.
Zero Fees
No application, disbursement or origination fees.
Student vs. Parent Loan
Which Loan Is Right For Me?
Student Loan
For: Student borrowers attending an approved school at least half-time that may or may not require a cosigner for credit approval
Student borrower and cosigner, if applicable, are jointly and severally liable for repayment of the loan
Up to 0.50% interest rate reduction
3 repayment options, 2 repayment terms
Competitive fixed rates
Cosigner Release7
Learn MoreParent Loan
For: Parents, family members or other creditworthy individuals that wish to take out a loan on behalf of a student attending an approved school at least half-time
Repayment of the loan is the sole responsibility of the borrower; the student holds no responsibility
0.25% Auto Pay interest rate reduction6
Immediate, Interest-Only or Full Deferment Repayment Options
10 or 15 year repayment terms
Competitive fixed rates
Learn MoreEligibility Requirements
Qualifying For Our Education Loan
Before starting the application, be sure that you meet all of the following requirements to be eligible to apply for a Texas Extra Credit Education Loan.
Enrollment
The student must be enrolled at least half time in a degree-granting program (as certified by the school) at an approved school
Resident of Texas
The borrower and cosigner, if applicable, must be permanent residents of Texas – the student can attend any approved college or university throughout the United States
Current Income
The applicant applying as creditworthy must provide proof of current income
Citizenship
Must be United States citizens/nationals or lawful permanent resident aliens of the United States
Building Financial Confidence
Making smart financial decisions is important, but not always easy. That's why we offer free financial tools and resources to help you succeed in all stages of your life.
Making Smart Financial Decisions
Learn how you can take greater control of your finances and make smarter financial decisions.
Planning for Life Milestones
Explore ways you can prepare for some of life's biggest moments like owning a home, planning for retirement and more.
Financing Your Education
Are you interested in going back to college or learning more about the options you have to pay for college? If so, check out Types of Aid under Topics.
Get a head start on planning for college by downloading our Financial Aid Checklist!
Learn More