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Fixed & Variable

We offer two rate options on our Thrivent Private Student Loan to fit your unique situation.

Fixed Rate Loan

Fixed rate loans offer one locked-in interest rate over the life of your loan. This type of loan may be right for you if:

  • You are looking for a uniform rate and payment throughout the life of your loan.
  • You seek additional security from changes in the interest rate environment.

Variable Rate Loan

Variable rate loans offer the flexibility of a lower rate up front, with the possibility of rate increases dependent on the interest rate environment. This type of loan may be right for you if:

  • You are looking for a lower rate up front.
  • You are comfortable that your interest rate may reset every quarter.

View rates and repayment options for fixed and variable student loans.