July means summer is still in full swing, but for college students and families,
the fall semester is already right around the corner. Between tuition, textbooks,
housing, meal plans, supplies and other education expenses, preparing for a
new school year can feel overwhelming, especially when scholarships, grants
and federal aid do not cover the full cost.
That is where ALLIANCE Credit Union can help.
Student Loans for College Expenses
For students who need additional funding for the fall semester, the Texas Extra
Credit Student Loan may help cover education costs when other aid options
are not enough. This private student loan can be used for college-related
expenses and offers helpful features such as no application or origination fees,
flexible repayment options and the ability to apply online.
Students may choose from repayment options including immediate repayment,
interest-only payments or fully deferred payments while enrolled at least
half-time. Loan terms may also be available in 5, 10 or 15-year options,
allowing students to find a repayment plan that fits their needs.
Parent Loans for Families Supporting a Student
Parents, family members or other creditworthy individuals who want to help a
student pay for college may also consider the Texas Extra Credit Parent Loan.
This option allows a borrower to take responsibility for the loan on behalf of the
student, helping cover eligible higher education expenses while keeping the
student focused on school.
The Parent Loan offers competitive fixed interest rates, flexible repayment
terms and multiple repayment options, including fully deferred, interest-only or
immediate repayment. Borrowers may also choose from 5, 10 or 15-year
repayment terms.
Start Planning Before the Semester Begins
College costs can add up quickly, and waiting until the last minute can make
the process feel more stressful. July is a great time to review your financial aid
package, calculate remaining expenses and explore whether a student or
parent loan could help fill the gap before classes begin.
Whether you are heading to campus for the first time, returning for another
semester or helping your student prepare for the school year, ALLIANCE is
here to help you make informed financial decisions.
Explore our Student Loan and Parent Loan options, or learn how refinancing
existing student loans could help lower your monthly payment or simplify
repayment. Visit our Student Loan or Parent Loan pages to learn more and
explore your options before the fall semester begins.