Young man holding books and looking at his phone
Student Loan

Elevate Your Future

Unlock the power of education without being burdened by financial stress. Partnered with Higher Education Servicing Corp, we present the Texas Extra Credit Education Loan designed exclusively for Texas residents like you.1 When scholarships, grants, and federal aid aren’t enough, we step in.
Start My Application

Texas Extra Credit is a low-cost 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.

By offering competitive fixed interest rates, a variety of repayment terms and options, valuable borrower benefits and an easy-to-use, online application that compares estimated repayment amounts for multiple loan scenarios in real time, we know Texas Extra Credit is the answer you’ve been looking for when it comes to paying for your education.

Apply Now

Why Texas Extra Credit Education Loan Stands Out

  • Tailored for Texans

    Exclusively developed for Texas students.
  • Competitive Rates

    Enjoy fixed rates starting as low as 2.74% (with Auto Pay Discount2) up to 6.89% APR.3 
  • Easy, Fast, Application

    Get credit decisions in minutes with a 15-minute application process.4
  • Flexible Borrowing

    From $1,000 to $65,000 annually - even for past due balances.5
  • Transparent Pricing

    Say goodbye to application, disbursement, or origination fees.
  • Customized Repayment Choices

    Whether you’re looking for immediate, interest-only, or fully deferred repayment, we've got terms including 5, 10, and 15 years to align with your needs.

Rewards for Your Commitment: Borrower Benefits

  • Celebrate Graduation

    Trim your interest rate by 0.25% on graduating with a bachelor's degree or higher.6
  • Simplify Payments

    Enroll in auto debit payments and get a 0.25% interest rate deduction.2 
  • Cosigner Flexibility

    Release your cosigner after the first 24 consistent monthly payments.7
  • Protection Matters

    Offering both Death8 and TPD9 forgiveness for added peace of mind.

Eligibility Criteria

  • Enrollment in a Texas-approved degree-granting program.

  • Permanent Texas residency.

  • Current income proof for the primary applicant.

  • U.S. citizenship or lawful permanent residency.

Satisfactory Academic Progress (SAP) isn't a prerequisite.

Starting Your Application

Starting your application is easy. Prepare your bio, employment history, financial details, and a reference. If you don't have all the details, we ensure your data is stored securely.

Apply Now

Texas Extra Credit Education Loan

For any inquiries, get in touch from Monday-Friday, 8am-5pm CT.

Note for Prospective Borrowers:

Before considering private loans, it's recommended to explore all federal student aid options available at

Frequently Asked Questions

No, this Student Loan program has no origination or disbursement fees.
We suggest you exhaust all Federal aid, grants, and scholarships before applying for this student loan. However, completing the FAFSA is not a requirement for the Texas Extra Credit Education Loan.
The minimum student loan amount is $1,000 and the maximum you can borrow is determined by the school you are attending, but is limited to the lesser of your cost of attendance less other aid or $65,000. The maximum aggregate student loan limit is $150,000, inclusive of all student loan debt.
No, you can pay your student loan off early regardless of your repayment terms without any penalty. You will only be charged the interest accrued on the loan until the day the loan is paid off.
The initial credit review for a student loan considers all of the information you and your cosigner (if applicable) provide during the application process and the information obtained from your credit report. If you pass the credit review, we will need to receive your income verification, school certification, and Applicant Self-Certification Form before final loan approval.
Students without a credit history can increase their chances of passing the initial credit review by applying with a cosigner who meets creditworthiness guidelines.
Your permanent address is the location you consider your primary residence (like your parent’s or guardian’s address). Your mailing address is wherever you want to receive your loan documents.
U.S. Citizen – A person who was born in the United States, including the lower 48 states, Alaska, Hawaii, Puerto Rico, Guam, and the U.S. Virgin Islands; or who became a citizen through naturalization; or who was born outside the United States to U.S. Citizen parents under qualifying circumstances (derivative citizenship) and who has not renounced U.S. citizenship.
Permanent Resident – Any person not a United States citizen residing in the U.S. under legally recognized and lawfully recorded permanent residence as an immigrant. Also known as “Permanent Resident Alien,” “Lawful Permanent Resident,” “Resident Alien Permit Holder,” and “Green Card Holder.”
Primary sources of income typically reflect employment earnings, but may also come from other sources such as retirement or rental income. Your spouse’s income is not an eligible source of income.
Making payments of any type during the in-school period can significantly reduce the total cost of your student loan. If you select a repayment type that requires an in-school payment, all payments must be made on time during the in-school period.
Your reference can be anyone over 18, as long as he or she is not living at the same address as you. If you are applying with a cosigner, you cannot use him or her as your reference, nor can your reference live at the same address as your cosigner. Lastly, you and your cosigner cannot use the same reference.
Applying with a cosigner with good credit and income can help you satisfy the credit criteria for a student loan. It may increase your chances of passing the initial credit review and receiving a lower interest rate. Most students will need a cosigner to qualify. In a cosigned application, you and your cosigner intend to (a) jointly apply for credit and (b) be jointly liable for the requested loan.
The credit check when applying for a student loan serves two primary purposes. First, it is used to verify the identity of all people signing the application. Second, it’s used for qualification purposes and helps us offer you the best pricing based on your credit history.
We need a personal reference as an additional means of contacting you while servicing your loan. We will contact your personal reference if we cannot reach the student or cosigner on the student loan.
We use your Social Security number to verify your identity and credit history.
Higher Education Servicing Corporation administers its Texas Extra Credit Education Loan program under the authority provided to it in Chapter 53B of the Texas Education Code, which limits our program to serve only Texas residents.