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Higher Education Loans

The Essential Alternative

Tuition, lab and course fees, a never-ending list of required books and supplies…

The list of college costs goes on and on, and we understand that sometimes students
struggle to keep up with these rising costs, even after exhausting all federal financial aid options.

This is why we offer the Greater TEXAS Federal Credit Union Higher Education Loan!

Student Advantages

  • Rates as low as 4.22%*
  • Borrow from $1,000 up to $50,000
  • Possible Interest Rate Reduction
  • Multiple Payment Options & 10 Year Repayment
  • Deferment and Forbearance Options Available

Apply now button Continue my application button

Please make sure you, as a student, have filled out the FAFSA, applied for scholarships at your school of choice, and exhausted all Federal Aid options before applying.

Borrowing Limit

  • The maximum annual/lifetime loan amount is $50,000
  • The minimum annual loan amount is $1,000
  • The Financial Aid Office at your institution will review and certify your Higher Education Loan application based on your Cost of Attendance (COA) and financial aid received.

Interest Rate

  • Interest rates are based on the applicant’s or cosigner’s creditworthiness.
  • Rates vary between 3.99%+ 3-month LIBOR¹ and 11.99%+ 3-month LIBOR¹with a maximum rate of 15%.


  • 0% Origination Fee
  • 0% Repayment Fee
  • 0% Disbursement Fee

¹Variable rate, based on the three-month London Interbank Offered Rate (“LIBOR”) as published in The Wall Street Journal on the fifteenth day of each December, March, June and September.


  • Borrowers receive a six-month grace period after they graduate or drop below half-time status²prior to repayment
  • $50 minimum monthly payment
  • Maximum 10 year repayment term

Repayment Options

Borrowers have the flexibility to choose from three different repayment options:
Deferred repayment² for borrowers who choose not to make payments on the principal or monthly accrued interest.

Interest only repayment² for borrowers who elect to pay their monthly interest.

Immediate repayment for borrowers who wish to pay their principal and accrued interest while in school.
² Borrowers are allowed four and one half years of deferred or interest only repayment from the time of first disbursement (this period, as well as the six-month grace period received once the borrower graduates or drops below half-time, are not considered part of the repayment term); after this period the borrower will be placed in full repayment. Borrower must be continuously enrolled at least half-time to remain eligible for deferred or interest only repayment.

  • Once in full repayment, borrowers can sign up for monthly Auto Debit Payments and receive an immediate 0.25% interest rate reduction.³

³Borrowers are eligible for 0.25% interest rate reduction if they elect to sign up for Auto Debit Payments through Greater TEXAS Federal Credit Union’s Higher Education Loan servicer, Higher Education Servicing Corp. Periods of deferred and interest only repayment do not qualify for this interest rate reduction.If at any time automatic payments are stopped or the loan is not in repayment status, the rate discount will be canceled. Greater TEXAS Federal Credit Union reserves the right to modify or discontinue benefit(s) at its discretion and without notice.

To be eligible for a Higher Eduction Loan, applicants must meet the following requirements:

  • Be a member of Greater TEXAS Federal Credit Union or Aggieland Credit Union (GTFCU/ACU) or complete the membership process
  • Be at least 18 years of age
  • Enrolled at least half-time or greater
  • Attending or scheduled to attend an Eligible School
  • Be a U.S. citizen or have Permanent Resident Status
  • Must be creditworthy
    • Have at least 5 years of established credit history
    • Have a minimum income of at least $20,000 per year
    • Or add a creditworthy cosigner

The applicant and cosigner, if applicable, will need the following information to complete the loan application:

Identification Details—Name, Social Security number, drivers license number, date of birth and citizenship status

Contact Information—Current address and phone number(s)

Email Address—Both the applicant and cosigner must provide valid email addresses, which will be used as the login username for the loan application as well as means to contact the applicant and/or cosigner

Membership Identification—The applicant will need to enter their GTFCU/ACU membership identification number

Employment & Income —Employer name, phone number(s), and monthly income information

Academic Information —School name, academic year, enrollment status, academic program and expected graduation date

NOTE: By clicking “Apply Now,” you acknowledge that you are leaving the Greater TEXAS Federal Credit Union web site and will be redirected to our Higher Education Loan partners web site to complete your loan application.

A creditworthy cosigner may help you get approved and may qualify you for a better interest rate.

Are you ready to cosign a loan?

If you have been invited to cosign a loan, please click here or use the link provided in your email notification.

*This is a Variable Rate and is calculated by adding a margin to the three-month London Interbank Offered Rate (“LIBOR”) as published in The Wall Street Journal on the fifteenth day of each December, March, June and September. Click here for more information. The Interest Rate is based on a member's credit, the rate you qualify for may be higher than the low as rates indicated above. Approval is subject to credit qualification, completion of an online application, verification of information provided and the completion of a Promissory Note. All rates subject to change. Please call the credit union for complete rate details.