Alternative Loans

TexasBank understands that there are other costs associated with education and that grants, scholarships and federal loans might not be enough. TexasBank partners with The First Marblehead Corporation to provide an Alternative Student Loan program to help meet the needs of funding a college education.

The AstriveTexasBank Alternative Student Loans are based on a low-variable rate over the life of the loan. Rates are based on LIBOR Index and may change quarterly. Loans repayment can be deferred until student graduates or falls below half time school status.  Most applications will need to apply with a cosigner to qualify the AstriveTexasBank alternative loan program.

A student can borrower as little as $1,500 per year up to the total cost of education minus any aid received subject to annual and aggregate maximums that vary from program to program.  AstriveTexasBank alternative student loans can be used to finance any portion of the current academic year's educational expenses as well as pay for past-due balances from previous academic periods.

The loan provides various repayment options depending on the specific loan program or the repayment option you prefer. There are no prepayment penalties, and borrower can make payments to interest or principal at any time even if the loan is deferred.

To qualify for an AstriveTexasBank loan, a borrower must meet the following guidelines.
  • Must have a satisfactory credit history, employment history, and residence of at least two years
  • Must have sufficient current income that is verifiable
  • Must have been in business for at least two years if self-employed
  • Must be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years

Please click here if you would like to apply for the Astrive TexasBank alternative loan.

*All loans subject to approval, including credit approval.

Click here for our esignature process.
Click here for our plus pre-approval process.
Click here for our grad plus pre-approval process.
When applying for your student loan, remember to use Lender code: 821016, selecting TexasBank as your lender.