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Refinance Loan Program

Refinance your eligible federal and/or private education loan debt with Fixed Rates ranging from 3.95%*-9.16% APR2

*with Auto Pay Discount3

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About Our Refinance Loan Program

Fixed rates ranging from 3.95%*-9.16% APR2

*with Auto Pay Discount3

We offer competitive fixed interest rates, three repayment terms and valuable borrower benefits such as our Auto Pay3 Discount. Applicants can determine possible interest rate eligibility with our no risk prequalification process1 that won't affect your credit.

Education Loan Refinancing

Refinance your eligible federal and/or private education loans with our Texas Extra Credit Refinance Loan Program. To be eligible for our Refinance Loan Program, your eligible loans must have been fully disbursed at a Title IV institution of higher education, were considered qualified higher education loans,6 used to cover qualified higher education expenses,7 and you must be identified as the borrower, cosigner or endorser of the loan(s) being refinanced.

Eligible Loan Types

  • Federal Family Education Loan Program (FFELP) and Direct Loan (DL) Undergraduate and Graduate Loans including Subsidized, Unsubsidized, Parent PLUS, Grad PLUS, Consolidation, Perkins, Health Education Assistance Loan (HEAL), Supplemental Loans for Students (SLS), Health Professions Student Loan (HPSL) and Spousal Consolidations

  • Private loans including Student, Family/Parent/Sponsor, Graduate, Refinance and Consolidation

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Eligibility Requirements

  • All loans to be refinanced must have been fully disbursed to a Title IV institution of higher education within the United States, be considered a qualified education loan6 and have been used to cover qualified higher education expenses.7
  • The applicant must have earned a bachelor’s degree or higher from a Title IV institution of higher education or borrowed funds on behalf of a student that received a bachelor’s degree or higher from a Title IV institution of higher education.
  • The applicant must be a permanent resident of Texas.
  • The applicant must be a United States citizen/national or lawful permanent resident alien of the United States.
  • The applicant must be at least the age of majority at the time of the Refinance Loan Application based on the Applicant’s state of residence (i.e., 18 years old in Texas).
  • The applicant must be currently employed, unless retired, have a positive income of at least $50,000, and submit verification of current stated income claimed in the application.

Program Features

  • Immediate repayment5
  • 5, 10 or 15-year repayment term
  • Refinance from $7,500-$200,000 in eligible student loans

Note: The requirements listed above do not contemplate a comprehensive list of items that will be reviewed to determine if you are eligible for our refinance loan program.