Graduate in regalia celebrating about to hug grandma
Parent Education Loan

Brighten Your Child's Dreams

When dreams soar high, finances shouldn't be the anchor holding them down. Partnering with the Higher Education Servicing Corporation, First Service Credit Union presents the Texas Extra Credit Education Loan.1 Tailored for Texas residents, this loan bridges the gap when traditional financial aids don't measure up, ensuring that the next academic chapter for your loved one is within reach.
Apply Today

Help Your Student Pay for College

If you’re a parent, family member or other creditworthy individual interested in paying for a student’s higher education expenses, a Texas Extra Credit Parent Loan may be the answer you’ve been looking for!  With competitive fixed interest rates, a variety of repayment terms and options and valuable borrower benefits, the Texas Extra Credit Parent Loan is a great, low-cost loan option to help a student achieve their higher education dreams without breaking the bank.

Apply Now

Unveiling the Magic of Texas Extra Credit Parent Loan

  • Fixed Interest Rates

    Enjoy fixed interest rates, spanning from 2.74% (bag an Auto Pay Discount2) to 6.89% APR.3
  • Swift Application

    Spare just 15 minutes. Receive your credit decisions in moments.4
  • Choice at Your Fingertips

    Simulate different loan scenarios—choose terms, options, and rates to find your perfect match.
  • Generous Loan Options

    Opt for amounts between $1,000 and $65,000 yearly, even for past dues.5
  • Fee-Free Experience

    No application, disbursement, and origination charges.

Borrower Bonuses

  • Auto Debit Perk

    Trim your interest by 0.25% with auto debit sign-ups.2
  • Protection Against Loss

    Find solace in our Death Forgiveness clause.6
  • Comprehensive Disability Relief

    Experience our Total and Permanent Disability (TPD) release initiative.7

Education Loans Made Easy

  • Start Your Application!

    Venturing into our online loan application is a breeze, clocking in at a mere 15 minutes. Plus, it’s flexible, allowing you to adjust loan options and evaluate scenarios that fit your goals.
  • Your Repayment,  Your Rules

    Choose your tenure: 5, 10, or 15 years. Then pick from three flexible repayment methods that best align with your financial strategy.
  • Gathering Your Toolkit

    Personal Details
    Work History
    Financial Data
    Student's Academic & Personal Information

Don’t sweat the small stuff. If some pieces are missing, your application's safe with us, ready to resume whenever you are.

Apply Today

Still Have Questions?

Chat with the Higher Education Servicing Corporation (M-F, 8am to 5pm CT)

Important Notice:

Before exploring private educational loans, explore federal student aids via FAFSA at

Frequently Asked Questions

If you select the Immediate Repayment option or Interest-Only Repayment option, you will be responsible to make payments on the parent loan while the student beneficiary is enrolled in school. If you select the Full Deferment Repayment option, payments will be deferred for up to 66 months while the student beneficiary is continuously enrolled at an approved school at least half-time.
Yes, you can borrow funds through our Parent Loan program to cover the cost of housing and meal plans; however, the student’s school must certify your loan application indicating the loan amount you are eligible to receive based on the student’s financial aid/need.
No, you are not required to apply for Federal Aid before applying for our parent loan program.
We recommend that you begin the parent loan application process at least 30 days before the semester begins – this should allow for ample time to complete the application and submit any required documentation.
The lender for the Texas Extra Credit Education Loan program is Higher Education Servicing Corp., a Texas-based private, non-profit organization established in 1978 to ensure Texas students and families have access to low-cost education loans in order to achieve a higher education.