What is an EasyLoan?

EasyLoan is North Texas Higher Education Authority's (NTHEA) federal consolidation loan program. EasyLoan offers you the opportunity to make one monthly payment, and depending upon your total student loan indebtedness, may allow for extended repayment terms of up to 30 years. If your loan types are included in the following list, and your total student loan indebtedness is $5,500 or greater, you may be eligible to obtain an EasyLoan through NTHEA.

NTHEA also offers its EasyLoan borrowers three more ways to save. Borrowers can qualify for an immediate .25% Interest Rate Discount if they sign up for auto debit through our servicing agent. Auto debit allows your monthly payments to be automatically withdrawn from a bank account, which will save you both time and money each and every month. Borrowers are also eligible for a 1% Interest Rate Discount once the initial 36 monthly payments are made on time.¹ This is a total savings of up to 1.25%.

And finally, NTHEA is providing its Early Loan Forgiveness (ELF) program to its EasyLoan borrowers. NTHEA will forgive the final balance of your EasyLoan after you successfully pay down your account to less than $600.² For additional information or to sign up, please call us at 1-800-366-4372.

NTHEA Disclaimer:

1. Applies to all EasyLoan borrowers who enter repayment on their Consolidation loan on or after September 1, 2002.
2. Applies to Consolidation loan borrowers as program allows. NTHEA reserves the right to discontinue the ELF program at anytime.
3. Other restrictions may apply.