Get Xtra Credit!

Weigh your options

As college tuition and expenses increase, you may need to explore alternative sources of funding - after you maximize your student aid options including federally guaranteed loans.  The Xtra Credit loan is a private source of funds for creditworthy borrowers.

Assess your eligibility

Xtra Credit is an alternative 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.  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.*  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.

Considering a co-borrower?

While borrowers may apply for individual credit, applying with a co-borrower may lower your Xtra Credit loan rate and fees (APR). 

A word about repayment

To help reduce overall debt, monthly interest 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 the billing of Xtra Credit and FFELP loans serviced by Edfinancial Services.

*See credit agreement for terms and conditions