Compare student loans: Financing options that fit your college lifestyle

When it comes to student loans and credit lines, we know you need flexible options. Browse loan and credit types and make the borrowing decision that's right for you.

Effective 10/1/2021:
Thrivent Credit Union will no longer offer its variable Education Loan, variable Education Refinance Loan, or newly originated Student Line of Credit.

Fixed Rate Education Loans and Education Refinance Loans will remain available, and existing Student Line of Credit customers may continue to submit advance requests.

If you have any questions, please call us at: 888-587-0863

Feature	Thrivent Private Student Loan, fixed rate	Thrivent Private Student Loan, variable rate	Thrivent Student Tuition Line of Credit
Get started	Apply today	Apply today	Apply today
Best for students who:	Are planning for one year of expense at a time. Will be able to pay off the loan in a shorter period of time.	Same as fixed rate loan.	Have two or more years of school to fund. Are unsure of the total amount needed for their education. Want flexibility in repayment.
Application frequency:	Apply every year for funding needed.	Same as fixed rate loan.	Apply once to open your credit line, and make requests to withdraw funds online for each subsequent school year.
Amount you can borrow:	Up to $80,000	Up to $80,000	Up to $80,000
Access to funds:	You receive the funds you applied for each year. Usually the school requests for the funds to be split between semesters.	Same as fixed rate loan.	You make a draw request each year, which is disbursed to your school typically in two equal amounts, half for Fall semester and half for the Spring semester.
Current Rates & Repayment terms:	Rates & Terms	Rates & Terms	Rates & Terms
Choose these rate options if you:	Want a level payment.	Are comfortable with the rate changing and possibly going up over time.	Are comfortable with the rate changing and possibly going up over time.
Interest rate reduction	0.25% rate reduction for auto payment of principal and interest.1	0.25% rate reduction for auto payment of principal and interest.1	0.25% rate reduction for auto payment of principal and interest.1
Grace period	Generally six months.2	Generally six months.2	Generally six months.2

¹ Automated payment discount(s) only apply when full payments of principal and interest are automatically drafted from a bank account. Discount(s) will continue unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are two automatic deductions denied by your bank.

² Grace periods – the period between leaving school and the time full payments of principal and interest begin – may be dependent upon the repayment option you select and the length of time you are enrolled in school.

Certain restrictions and limitations may apply. Thrivent Credit Union reserves the right to change or discontinue these programs without notice. All loans and lines of credit are subject to credit approval and may not be available in certain schools or certain jurisdictions.

Repayment options

Option	Benefit	In-school cost	After Graduation Payment	Considerations
Make no payments while in school.	Gives you the convenience of delaying repayment.	Make no payments while enrolled in school for up to five consecutive years.	Begin full payments of principal and interest.	Interest will continue to accrue and any unpaid interest will be added to the principal balance at repayment.
Pay interest only while in school.	Low payments during school to help reduce overall debt.	Pay interest only; defer principal while in school for up to five consecutive years.	Begin paying on the principal. Payment increases with the addition of the principal payment.	Does not reduce the principal amount due at repayment.
Begin repaying loan while in school.	Allows for maximum savings over the life of the loan.	Pay principal and interest monthly.	Continue paying principal and interest for the term of the loan. Payment stays the same as it was during school.	Shortest option for repayment.