Fixed Rate Education Loans

Ranging From

2.96%* - 7.60% APR1

*with Auto Pay discount6

Apply for a Student Loan Apply for a Parent Loan

Helping Texans Pursue and Achieve A Higher Education

With a Texas Extra Credit Education Loan

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Higher Education Servicing Corporation is a Texas - based nonprofit

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Low-cost private loan program for Texas students

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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 To learn more about the types of federal student aid available, when to apply and eligibility requirements, visit

How the Application Process Works

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Start your loan with our easy online application.

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Receive an initial credit decision within minutes of submitting your application.

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Provide any required documentation to verify the information on your application.

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If approved, sign your loan application. We’ll then request the school to certify the loan.

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Once certified, provide final loan approval and your funds can be disbursed.

Program Features

An Education Loan Made for You

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Low-Cost Private Loan Program

Designed to help Texas residents pay for their college costs.

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Initial Credit Decision in Minutes2

Short and easy online application.

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Competitive Fixed Interest Rates

With a variety of repayment terms, options and valuable borrower benefits.

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Compare Loan Scenarios

Compare loan scenarios in real-time by selecting different repayment terms and options.

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Loan Limits3

Borrow from $1,000 to $65,000 annually.

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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

  • 0.25% for Graduation Benefit5
  • 0.25% for Auto Pay Discount6

3 repayment options, 3 repayment terms

Competitive fixed rates

Cosigner Release7

Learn More

Parent 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

5, 10 or 15 year repayment terms

Competitive fixed rates

Learn More

Eligibility 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.


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


Must be United States citizens/nationals or lawful permanent resident aliens of the United States

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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.

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Making Smart Financial Decisions

Learn how you can take greater control of your finances and make smarter financial decisions.

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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.

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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