Home / Explore / Pay for college / Take out a student loan

Apply for a student loan

When you take out a student loan with Thrivent Federal Credit Union, you're creating a plan to pay for your first-choice school. Choose between variable or fixed rate loans and begin investing in your future today.

Payment options

Student loan Apply today
Compare Review loan and credit line features and rates

Student loan path

  1. Start early
    Begin preparing to fund your education early through savings and scholarships.
  2. Estimate your needs
    Determine your eligibility for financial aid by filling out the Free Application for Federal Student Aid (FAFSA) Then, review award letters and tally grants and work-study options.
  3. Learn about private loans
    Figure out how much you need to fill in the gap for your first-choice school and review TFCU Private Student Loan options.
  4. Consider credit
    Depending on your needs, consider taking out a line of credit to help fund your schooling. Compare loan and credit options.
  5. Apply
    The TFCU online application process only takes a few minutes.
  6. Organize your finances
    Use our TFCU College Checking account to manage cash now and in the future.

Types of student loans

Open All | Close All
Thrivent Private Student Loan (fixed rate)

This fixed rate loan provides the security of a locked-in interest rate over the life of your loan.

Apply for a fixed rate loan if you:

  • Are planning for one year of expenses at a time.
  • Will be able to pay off the loan in a shorter period of time.
  • Want a level payment.

Considerations:

  • You can borrow up to $80,000.
  • Your funds will be distributed to your school each year (Note: most schools split the funding between fall and spring semesters.).
  • If you don't make loan payments while in school, you'll have up to 15 years to repay the loan. However, we encourage all students to make room in their college budget for loan contributions.
Thrivent Private Student Loan (variable rate)

This variable rate loan offers the flexibility of a lower rate up front, with the possibility of rate increases that depend on the interest rate environment.

Apply for a variable rate loan if you:

  • Are planning for one year of expenses at a time.
  • Will be able to pay off the loan in a shorter period of time.
  • Are comfortable with the rate changing and possibly increasing over time.
  • Are looking for a lower rate up front.

Considerations:

  • You can borrow up to $80,000.
  • Your funds will be distributed to your school each year (Note: most schools split the funding between fall and spring semesters.).
  • Assuming you didn't make loan payments while in school, you'll have up to 15 years to repay the loan.

How to take out a student loan

  • Complete FAFSA and identify your funding gaps.
  • Review the list of information you need handy before you apply.
  • Apply for the loan that best meets your needs.
  • Receive conditional approval.
  • Provide required follow-up information.
  • Receive verification from school.
  • Receive final approval letter with amount and disbursement date.

Truth in Lending Disclosure for Fixed Rate Loans

Truth in Lending Disclosure for Variable Rate Loans

All loans and lines of credit are subject to credit application, qualification and approval and may not be available in certain schools or certain jurisdictions. Must qualify for membership. For more information call us at 866-540-3191.

Check on your student loan

Log in and get a status update.
Learn

Make an educated borrowing decision. Browse student loan and credit resources.