STUDENT LOANS

Best Student Loans in Texas for 2026

Last Updated: May 2026

6.53%Federal Loan Rate

$37KAvg. Student Debt

10 yrsStandard Repayment

📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent

Texas

Navigating student loan options in Texas can be complex. WiseIQ provides a comprehensive guide to help you find the best private student loans, understand state grant programs, and connect with top lenders tailored for Texas students.

WiseIQ Expert Tip

Federal student loans should always be exhausted before turning to private loans. Federal loans offer income-driven repayment, forgiveness programs, and deferment options that private lenders do not.

52% Graduates with Debt (2019-20)

15% Delinquency Rate (2019)

Texas Student Loan Financial Snapshot

Student Loans in Texas: What You Need to Know

Texas, known as the Lone Star State, has a population of 30.5M with a median household income of approximately $65,000. The current unemployment rate stands at 3.8%, which lenders consider when evaluating applications from Texas residents.

30.5M

Population

$65,000

Median Income

3.8%

Unemployment

Major financial hub: Houston is the primary financial center for Texas residents, with access to both national and regional lenders.

$105 Billion Total Student Loan Volume (2018)

TEXAS Grant Key State Grant Program

Lower than Avg. Debt per Borrower

Top Private Student Loan Lenders in Texas

BHEBrazos Higher Education

For Texas Residents

APR Range: 4.50% - 12.99% Variable

"Zero fees and competitive rates for Texas students."

Dedicated to Texas residents
No application or origination fees
Flexible repayment options

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HESHESCLoans.com

Texas Extra Credit Private Student Loan

APR Range: 5.25% - 13.50% Variable

"Low-cost option for undergraduate and graduate students."

Available for undergrad and grad students
Cosigner release option
Competitive interest rates

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TCUTexans Credit Union

Texans Private Student Loan

APR Range: 5.00% - 14.00% Variable

"Designed to fill the gap when federal aid isn't enough."

Exclusive for Texas residents
Covers up to 100% of school-certified costs
Local support and service

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Sallie Mae

National Private Student Loan Provider

APR Range: 4.75% - 15.75% Variable

"A widely recognized lender with various loan products."

Loans for undergraduates, graduates, and parents
Deferred payment options
Rewards for on-time payments

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Discover Student Loans

National Private Student Loan Provider

APR Range: 4.99% - 14.99% Variable

"No fees and cash rewards for good grades."

No application or origination fees
Cash reward for good academic performance
24/7 customer service

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🎯

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Student Loan Comparison Table

Rates verified May 2026 · Updated weekly

Lender	APR Range (Variable)	Loan Types	Key Features	Action
Brazos Higher Education	4.50% - 12.99%	Undergrad, Grad	No fees, Texas-focused	Check Rates
HESCLoans.com	5.25% - 13.50%	Undergrad, Grad	Cosigner release, competitive rates	Check Rates
Texans Credit Union	5.00% - 14.00%	Undergrad, Grad	Local support, covers 100% costs	Check Rates
Sallie Mae	4.75% - 15.75%	Undergrad, Grad, Parent	Deferred payments, rewards	Check Rates
Discover Student Loans	4.99% - 14.99%	Undergrad, Grad, Bar Exam, Residency	No fees, good grades reward	Check Rates
College Ave	4.25% - 13.75%	Undergrad, Grad, Parent	Customizable repayment, cosigner release	Check Rates
Earnest	4.00% - 12.50%	Undergrad, Grad, Refinance	Flexible payments, no fees	Check Rates

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How to Choose the Right Student Loan in Texas

1. Exhaust Federal Options First

Always prioritize federal student loans (Stafford, Perkins, PLUS) before considering private options. They often come with lower fixed interest rates, income-driven repayment plans, and opportunities for deferment or forbearance.

2. Compare Private Lenders Carefully

If federal loans aren't enough, research private lenders. Look for competitive APRs, flexible repayment terms, and no origination fees. Consider lenders with a strong presence in Texas for potentially better local support.

3. Understand State Grant Programs

Texas offers several grant programs like the TEXAS Grant and TPEG. These are need-based aid that doesn't need to be repaid. Check eligibility requirements through the Texas Higher Education Coordinating Board.

4. Consider a Cosigner

If you have limited credit history, a cosigner with good credit can significantly improve your chances of approval and help you secure a lower interest rate on private student loans. Ensure both parties understand the responsibilities.

WiseIQ Editorial Team

Reviewed by Certified Financial Planners & Industry Experts

Our editorial team consists of financial writers, CFPs, and former banking professionals dedicated to providing accurate, unbiased financial guidance. All content is fact-checked and updated regularly. Learn about our editorial standards →

Frequently Asked Questions About Student Loans in Texas

What is the average student loan debt in Texas?

As of 2023, the average student loan debt for graduates in Texas was approximately $24,000. This figure is generally lower than the national average, reflecting various state-specific factors.

Are there state-specific student loan programs in Texas?

Yes, Texas offers several state-specific financial aid programs, including the TEXAS Grant and the Texas Public Educational Grant Program (TPEG), which provide need-based assistance to eligible students attending Texas institutions. The Texas Higher Education Coordinating Board also offers low-interest loans.

How do private student loans work in Texas?

Private student loans in Texas are offered by banks, credit unions, and online lenders. They are typically credit-based and may require a cosigner. Lenders like Brazos Higher Education and Texans Credit Union specialize in serving Texas residents, often providing competitive rates and tailored services.

What is the delinquency rate for student loans in Texas?

In 2019, about 15% of student loan borrowers in Texas were 90 days or more in default. While this indicates a challenge for some, it was an improvement from peak delinquency rates in 2013.

Can I get a student loan without a cosigner in Texas?

It is possible to get a private student loan without a cosigner, especially if you have a strong credit history and sufficient income. However, many students, particularly undergraduates, benefit from having a cosigner to secure better rates and approval. Some lenders offer cosigner release options after a period of on-time payments.

Best Student Loans in Texas for 2026

Texas Student Loan Financial Snapshot

Student Loans in Texas: What You Need to Know

Top Private Student Loan Lenders in Texas

BHEBrazos Higher Education

HESHESCLoans.com

TCUTexans Credit Union

Sallie Mae

Discover Student Loans

Student Loan Comparison Table

Ready to Find Your Best Student Loan?

How to Choose the Right Student Loan in Texas

1. Exhaust Federal Options First

2. Compare Private Lenders Carefully

3. Understand State Grant Programs

4. Consider a Cosigner

Frequently Asked Questions About Student Loans in Texas

People Also Ask