Providing low-cost private education loans to help Texas residents achieve their goals — without breaking the bank.
Why Choose Texas Extra Credit
by Higher Education Servicing Corporation?
Higher Education Servicing Corporation (HESC) is a nonprofit organization with over 45 years of experience helping Texas students and their families realize their educational dreams in a fiscally responsible manner.
Today, we accomplish this mission by offering free outreach programs designed to create a college and career-focused community, low-cost private education loans through our Texas Extra Credit Education Loan program to help students and families cover the costs of higher education, and customer-centric servicing to our borrowers from application through repayment.
Texas Extra Credit: Low-Cost Education Loans for Texans by Texans
Learn more about each of our loan programs:
Which Loan Is Right for Me?
Whether you’re a student attending college, a parent that is interested in covering their child’s educational expenses or interested in refinancing your education loan debt, we have a low-cost loan option for you! Learn more about each of our Texas Extra Credit Education Loan programs below.
Student Loan
For: Student borrowers attending an approved school at least half-time that may or may not require a cosigner for credit approval.
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 Fully Deferred Repayment Options
- 5, 10 or 15-year repayment terms
- Competitive fixed rates
Graduate Loan
For: Graduate Students working on a masters, doctoral, law or professional degree and enrolled at least half time at an approved school.
- Borrow from $1,000 - $65,000 annually
- No origination, disbursement or application fees
- Choice of 5, 10 or 15-year repayment term and three repayment options
- Borrower must meet certain income and credit criteria to be eligible; a cosigner can be added to the application to meet the income and credit requirements
Refinance Loan
For: Borrowers with eligible federal and/or private education loans disbursed from a Title IV institution of higher education that wish to refinance their debt
into a single loan.
- Federal Family Education Loan Program (FFELP) and Direct Loan (DL) Program Loans including Subsidized, Unsubsidized, Parent PLUS, Grad PLUS, Consolidation, Perkins, HEAL, SLS, HPSL and Spousal Consolidations
- Private loans including Student, Graduate, Parent, Refinance and Consolidation Loans
Important Information Before Applying
Before applying for a Texas Extra Credit Education Loan, we highly recommend you apply for and make use of 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.