Help Your Student Pay for College
If you’re a parent, family member or other creditworthy individual interested in paying for a student’s higher education expenses, a Texans Credit Union Private Parent Loan may be the answer you’ve been looking for!
With competitive fixed & variable interest rates and a variety of repayment terms and options, along with valuable borrower benefits, our Parent Loan is a smart, low-cost loan option to help a student achieve their higher education dreams without breaking the bank.
Learn more about our program features, valuable borrower benefits, and repayment options below.
Program Features
- Repayment of the loan is the sole responsibility of the borrower; the student holds no responsibility to the loan
- Competitive fixed & variable rate loans
- Borrow from $3,000 to $150,000 annually - loans can even be used for past due balances
- Loans are certified by the student beneficiary’s school and may not exceed full cost of education minus other financial aid
- Maximum aggregate loan limit is $150,000
- Satisfactory Academic Progress (SAP) is not required
- No application or origination fees
- Complete your loan application online in as little as 15 minutes – initial credit decisions are typically made within minutes
Borrower Benefits
- 0.25% interest rate reduction for auto-debit payments
Repayment Options
- Choose between two repayment options: Immediate or Interest-Only
- Choice of 5, 10 or 15-year repayment terms
Program Eligibility
- The student beneficiary must be enrolled at least half-time (as certified by the school) at an approved school
- The borrower must be at least eighteen years old at the time of the loan application
- The borrower must submit verification of current income
- The borrower must be a United States citizen/national or lawful permanent resident alien of the United States
Starting Your Application
Completing the online loan application is easy and takes as little as 15 minutes! We even provide loan comparison tools so you can mix and match loan options and scenarios to find the best loan for you.
What You'll Need to Apply
- Demographic Information
- Employment Information
- Financial Information
- Student Beneficiary’s School Information
RevlTek is the loan processor for our Private Education Loan program(s). RevlTek is responsible for all private student loan processing and communications with the borrower(s) throughout the application process. Questions related to the application process or the status of your loan should be directed to RevlTek at TexansCU@curevl.com.
