Xtra Credit Private Loans

An alternative to traditional sources of funds to finance your education, Xtra Credit is a private student loan designed exclusively for undergraduate and graduate students. 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 $130,000 to underwrite your undergraduate educational needs and up to $225,000 for your graduate educational needs (see credit agreement for terms and conditions). 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. Xtra Credit pre-approvals are conditional upon a review of any outstanding accounts you may have. Please be advised the pre-approval decision may be changed at the lender's discretion.

 

 

800.337.1009
Apply Now for an Edamerica Xtra Credit Loan

Please note: Applying for Xtra Credit with a credit-worthy co-borrower may lower your interest rate and fees, depending upon the credit-worthiness of the co-borrower.  

A word about repayment

To help reduce overall debt, monthly payments are suggested, but not required, during the in-school period and the subsequent six month grace period. 

Xtra Credit also provides up to 48 months of deferment for internships and residencies.

For your convenience, we can combine your billing with your FFELP loans serviced by Edfinancial Services.

Xtra benefits

  • Xtra Credit features low competitive interest rates 
  • Online application & instant credit pre-approval
  • Private loans for undergraduate and graduate students
  • Convenient combined billing with your Stafford Loans

Apply now

Turn your credit credentials into money for college! Apply online now or continue with a previously saved Xtra Credit application.

Xtra Credit Alternative Loan program is offered in conjunction with First Tennessee Bank National Association, an equal opportunity lender.