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HESC is a nonprofit organization dedicated to helping Texas students and their families realize their educational dreams through our Texas Extra Credit Education Loan program. We offer two low-cost loan options:

  • Private Student Loans for students who may or may not require a cosigner for credit approval
  • Private Parent Loans for parents, family members or other creditworthy individuals who wish to help pay for a student’s college costs

Competitive Fixed Interest Rates ranging from 2.79% (with Auto Pay discount 6) - 7.60% APR 1

All our loan options feature:


Initial Credit Decision in Minutes 2


Loan Limits from $1,000 to $65,000 3

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No Application, Disbursement or Origination Fees


5, 10, and 15-year Repayment Terms


  • Multiple repayment options
  • Interest rate discount for ACH 6
  • Ability to compare loan scenarios
  • Loan can cover past due balances 4
  • Funds are disbursed in up to four disbursements to the school
  • Open to undergraduate and graduate students
  • Total and permanent disability forgiveness 8, 10 and death forgiveness 9, 11
  • Deferment and forbearance options

Explore our loans

Student Loan Info Parent Loan Info

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


  • 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: Applicant(s) must be United States citizen/national or lawful permanent resident alien of the United States.

Step-By-Step Process



Start your loan with our easy online application

Student Loan Parent Loan


Receive an initial credit decision within minutes of submitting your application



Provide any required documentation to verify the information on your application



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



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