Student Loan Refinance

It’s Here! Refinance Your Student Loans Today!

With fixed rates ranging from 3.95% (with Auto Pay) to 9.16% APR![2]

Refinancing made easy – how much could you be saving?

Refinancing your eligible federal and/or private student loans has never been easier! The NEW Texas Extra Credit Refinance Loan Program through our partner, Higher Education Servicing Corporation (HESC) offers a fast, hassle-free way to combine your eligible federal and/or private education loans into a new loan and potentially lower your monthly student loan payment.

Lower rates mean more money for what matters most—whether that’s saving, investing or simply enjoying life. With competitive fixed interest rates, no application fees, flexible repayment terms and valuable borrower benefits, the Texas Extra Credit Refinance Loan offers a smart, affordable way to take control of your student debt. Plus, you can view your interest rate eligibility in minutes with their easy prequalification process without affecting your credit!

Greater Financial Flexibility Starts NOW!

apply today

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

Program features:

  • Fixed interest rates ranging from 3.95% (with auto pay) - 9.16% APR [2]

  • Simple online loan application takes as little as 5 minutes to complete

  • No-risk prequalification process to determine interest rate eligibility in seconds without affecting the applicant’s credit

  • Immediate repayment

  • 5, 10 or 15-year repayment terms

  • Borrowers can refinance from $7,500-$200,000

  • No application, origination or disbursement fees

Benefits:

  • 0.25% interest rate reduction for auto debit payments [3]

  • Total & Permanent Disability Forgiveness [4]

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.

  • 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.

What You’ll Need to Apply

  • Bio/Demo Information

  • Employment History

  • Financial Information

  • References

Important Information

Higher Education Servicing Corporation (HESC) is the lender and loan originator for the Texas Extra Credit Education Loan program(s).  HESC is responsible for all private education loan processing and communications with the borrower(s) throughout the application process.  Questions related to the application process or the status of your loan should be directed to HESC at info@hescloans.com.  You can also contact HESC at 877-817-9158, Monday thru Friday from 8:00 a.m. to 5:00 p.m. CT.

Notice

Please be aware that if you intend to refinance federal education loans, you will no longer qualify for potential loan forgiveness through the Department of Education or the income-based repayment option. Please be aware you will also lose special benefits such as public service loan forgiveness and economic hardship programs if you refinance federal education loans.

Start Your Application Today

Completing the online loan application takes as little as 5 minutes. And with Texas Extra Credit’s risk-free prequalification process, it’s easy to see what rates you may qualify for—helping you choose the loan that’s right for you and your goals!

And don't worry, if you don't have all of the necessary information to complete your application, we'll save it (securely) for you.

Apply now

Have Questions? We Have Answers!

Check out the list of FAQs for more information about the Texas Extra Credit Education Student Loan Refinance.

Texas Extra Credit:
Business Hours: M-F 8am - 5pm CST
Phone: 1-877-817-9158
info@hescloans.com

Texas Extra Credit Education Student Loan Refinance Program Disclaimers