XtraCredit - Apply Now!
An alternative to traditional sources of funds to finance your education, XtraCredit is an alternative student loan designed exclusively for undergraduate and graduate students at least 18 years of age. You must be enrolled or accepted for enrollment on at least a half-time basis at an eligible college or university. There is no degree program requirement or satisfactory academic progress requirement. If you are a U.S. citizen or permanent resident, meet specific credit requirements and have a satisfactory credit history, you may borrow up to $100,000 to underwrite your education (annual loan minimum $1,000 and maximum $25,000). You can also use your loan proceeds to cover previous account balances up to one year. Employment verification is required and will be collected during the application process. XtraCredit pre-approvals are conditional upon a review of any outstanding accounts you may have with Edfinancial Services, the servicer of this loan. Please be advised the pre-approval decision may be changed at the lenders discretion.
XtraCredit Loan features low competitive interest rates with NO FEES for eligible borrowers.
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Please note: Applying for XtraCredit with a credit-worthy co-borrower can enhance your credit rating and lower your interest rate and fees! |
Leverage your credit rating with a co-borrower
Applying for XtraCredit with a credit-worthy co-borrower can enhance your credit rating and lower your interest rate and fees. Once you establish a satisfactory payment history with Edfinancial Services, the servicer of this loan, you may apply to have your co-borrower released.
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Your principal payments
Repayment begins immediately. However, you may be eligible to defer your principal payments while you are still in school. The XtraCredit program allows deferment for qualified internships and residencies.
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Low monthly payments
Your first monthly principal and interest payment is due 45 days after your loan is fully disbursed or at the end of deferment, whichever is applicable. For your convenience, we can combine your billing with your FFELP loans serviced by Edfinancial Services.
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Xtra benefits
- XtraCredit low competitive interest rates with NO FEES for eligible borrowers
- Online application & instant credit pre-approval
- Private loans for undergraduate and graduate students
- Convenient combined billing with your Stafford Loans
- Co-borrower release option for qualified borrowers.
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Turn your credit credentials into money for college! Click the "Apply Now for an XtraCredit Alternative Loan" button below to begin a new application or click on "Continue with a Previously Saved Application".
XtraCredit Alternative Loan program is offered in conjunction with First Tennessee Bank National Association, an equal opportunity lender.
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