Student Loan Refinance Program

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!

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:

• Only need $25.00 to open an account
• Fixed interest rates ranging from 3.95%(with auto pay)-9.16% APR/li>
• 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 payments3
• Total & Permanent Disability Forgiveness&sup8;

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 TODAY

Refinance Loan Disclaimers

1. The prequalification process is based on review and validation of the information provided during the initial application process and the information obtained from the consumer reporting agency. The prequalification process will not affect the applicant’s credit score. If the applicant passes the prequalification process, they will be required to provide acceptable documentation including loan payoff amounts from their current servicer(s) and/or income verification before the final loan approval. Actual interest rates will be determined once a hard credit pull is conducted. Please be aware that if an applicant intends to refinance federal education loans, they will no longer qualify for potential loan forgiveness through the Department of Education or the income-based repayment option. Please be aware the applicant will also lose special benefits such as public service loan forgiveness and economic hardship programs if they refinance federal education loans.
2. The current fixed interest rates range from 4.20% to 9.18% in effect as of 8/26/2025. The fixed interest rate and Annual Percentage Rate (APR) may be higher depending upon (1) the applicant’s credit history (2) the repayment term selected, and (3) other information provided on the online loan application. If approved, the applicant will be notified of the rate qualified for within the stated range. APRs range from 3.95% (with Auto Pay Discount3) to 9.16%. Lowest rates are only available for the most creditworthy applicants. The APR reflects the estimated total cost of the loan, including upfront fees, accruing interest and the effect of capitalized interest. The lowest APR example is based on a $10,000 loan disbursed in a single transaction, a 5-year repayment term (60 months), an immediate repayment plan, monthly principal and interest payments of $183.94 and has a 3.95% interest rate which includes a 0.25% interest rate reduction for payments via auto pay 3. The highest APR example is based on a $10,000 loan disbursed in a single transaction, a 15-year repayment term (180 months), an immediate repayment plan, monthly principal and interest payments of $102.50 and has a 9.18% interest rate. The fixed interest rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH reduction benefit.
3. An interest rate reduction of 0.25% is available for borrowers who make monthly electronic funds transfer (EFT) payments of principal and interest from a savings or checking account. To qualify, the borrower needs to arrange with the loan servicer to automatically deduct monthly principal and interest payments from a bank account. The automatic payment benefit will discontinue and be lost for the remaining repayment period in the event any three payments are returned for insufficient funds over the life of the loan. This benefit may be terminated during deferment and forbearance periods, but can be re-established if the borrower reapplies at the end of the deferment or forbearance period.
4. In the event a Borrower becomes Totally and Permanently Disabled, the Borrower, or his/her representative, may contact the Servicer by phone or mail to request information regarding the Lender’s Total and Permanent Disability (TPD) discharge. Any Loan that has not previously become a charged off Loan or that is not currently in default may be discharged due to the Borrower’s Total and Permanent Disability, as defined by the Lender’s TPD Terms and Application. The definition of TPD, the application form for a TPD discharge, the required supporting documentation, and other terms, limitations, conditions and requirements for a TPD discharge (“TPD Terms”) can be obtained by contacting the Lender or Servicer by phone or mail. The Servicer must receive a completed TPD Application within the timeframe stated within the application that complies with the requirements set forth by the Lender for a Loan to be discharged. If the Borrower meets the TPD requirements set forth by the Lender, the Servicer shall write down any outstanding principal and accrued interest balance on the Loan to a zero balance. For additional information regarding TPD or to request an application, contact the Loan Servicer.
5. Immediate repayment of principal and interest (“Immediate Repayment”) — The first payment of principal and interest is due within thirty (30) to sixty (60) days after the date of the last disbursement.
6. Qualified education loans are loans taken out by an individual solely to pay qualified higher education expenses. The loan must be for the individual, their spouse or any dependent claimed on the individual’s tax return as of the time the debt was incurred. The student’s educational expenses must be paid or have incurred within a reasonable period of time before or after the loan was taken out and the education expenses paid by the loan must be for a period of time when the recipient was an eligible student.
7. Qualified higher education expenses are amounts paid for tuition, fees, books, supplies and other related expenses for an eligible student that are required for enrollment or attendance at an eligible educational institution.