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Phone: 877-768-0001 M-F, 8:00 a.m. to 6:00 p.m. CT Email:

Referral Benefits

By becoming a partner in our referral program, your institution will be eligible to receive a:
  • Marketing fees for all completed and funded loan applications
Texas Extra Credit Education Loan Referral Program

Interested in a private loan product for your customers that’s a no cost, no risk, no hassle solution for your institution? If so, the Texas Extra Credit Education Loan Referral Program is the perfect solution.

Our referral program offers financial institutions the opportunity to provide a low-cost private student loan to their customers with the potential for generous returns.

By choosing a referral program, you remove all programming costs to your institution, eliminate the potential risk of no return and simplify the amount of time and effort your staff would dedicate to a traditional private loan product by merely incorporating this no hassle program into your current line of products.

As administrator of the Texas Extra Credit Education Loan Program, HESC will provide product information to be included on your website, a custom link to track applications initiated thru your website and product training for your staff members. Promotion, marketing and overall success of the referral program will be the responsibility of your institution.

Program highlights

The Texas Extra Credit Education Loan was designed specifically to help Texas students and their families fill the gap between the rising cost of college and the financial aid they receive. Below are some of the highlights of our program, which make it so successful.

  • Simple online loan application takes as little as 15 minutes to complete
  • Initial credit decision typically made within minutes
  • Application calculates repayment amounts in real-time
  • Competitive variable interest rates starting as low as 2.49% + LIBOR
  • Outstanding fixed interest rates ranging from 4.99% to 11.49%
  • Students can borrow as little as $1,000 or as much as $65,000
  • Satisfactory Academic Progress (SAP) is not required to be eligible
  • Funds can be used to cover past due balances
  • Borrowers are not charged an origination or disbursement fee
  • Interest rate reduction benefit for graduating
  • Auto debit interest rate reduction
  • Cosigner release option for on-time payments
  • Three repayment plans and two repayment terms
Visit our website at for additional details.
Contact us today for more information

To inquire about the Texas Extra Credit Education Loan Referral Program, please feel free to contact us by phone at (877) 768-0001 or by email at To learn more about the College Ready Loan Program, click here.

Know the Facts: Total Student Aid
Total Student Aid and Nonfederal Loans Used to Finance Postsecondary Education Expenses for the 2011-12 Academic Year (in Billions)

During the 2011-12 academic year, $236.7 billion in financial aid was distributed to undergraduate and graduate students in the form of grants from all sources, Federal Work-Study (FWS), federal loans, and federal tax credits and deductions. In addition, students borrowed about $8.1 billion from private, state, and institutional sources to help finance their education.

About HESC
As a private, non-profit organization, Higher Education Servicing Corporation (HESC) was established over 40 years ago with the mission to help Texas students and families reach their higher education goals.

Today, HESC continues its mission by providing low-cost education loan products and services to help Texas families fill their unmet financial aid need, servicing over a billion dollars in federal and private education loans, and administering a variety of educational outreach activities that help and inspire Texas students to pursue and achieve a post-secondary education.

Contact Information
Phone: 877-768-0001 M-F, 8:00 a.m. to 6:00 p.m. CT

Mailing Address
4381 West Green Oaks Blvd., Ste. 200
Arlington, TX 76016