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Student Loan Options

We offer two options to fund your graduate and undergraduate educational needs: our Thrivent Private Student Loan with a fixed or variable rate, and our Thrivent Student Tuition Line with a variable rate. Both options have flexible features that can serve your needs depending on your year in school and how much you need to borrow:

  • Fixed rate loan: Provides security of a locked-in interest rate over the life of your loan.
  • 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.
  • Line of credit: Offers flexibility and easy access to funds while in school. You can use all or a portion of the funds certified by your school in the credit line at any time over the course of your education. You will also have a longer repayment term, which can give you a lower payment after graduating.

Compare Your Options

Feature Thrivent Private Student Loan
(Fixed and Variable)
Thrivent Student Tuition Line
(Line of Credit)
Best for graduate and undergraduate students who
  • Are planning for one year of expenses at a time.
  • Will be able to pay off the loan in a shorter period of time.
  • Have two or more years of school expenses to fund.
  • Are unsure of the total amount needed for your education.
  • Want flexibility in the repayment with a longer term and the lowest possible payment.
Application frequency Apply each year for what you will need that school year. Apply once to open your credit line and request first year funding. Thereafter, make an online draw request for subsequent school year (both semesters).
Amount you can borrow Up to $80,000 Up to $80,000
Access to funds You receive the funds you applied for each year, which are disbursed to your school.1 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.
Repayment term Up to 15 years2 Up to 25 years3
Rate Options
  • Fixed: If you want a level payment.
  • Variable: You should be comfortable with the rate changing and possibly going up over time.
See current rates.
  • Variable: You should be comfortable with the rate changing and possibly going up over time.
See current rates.
Get started Apply Now Apply Now

Need Help?

For general questions on student lending and membership, call 888-271-6397.
For questions about applying or an existing application, call 866-540-3191.
For questions about an existing loan, call 800-999-6227.

1 The amount you request is reviewed and verified by your school. In most cases, your school will instruct us to split your academic year funding so that half is disbursed for your Fall semester and the remaining half is sent to cover your Spring semester.

2 This informational repayment example uses typical loan terms available to a graduate who elects to make no payment while in school for 4 years and a 6 month grace period; has a $10,000.00 loan with two disbursements and a 4.97% variable APR: 126 payments of $129.41 for a total paid of $16,305.47. Variable rates may increase after consummation.

3 This informational repayment example uses typical loan terms available to a graduate who elects to make no payments while in school for 4 years with a 6 month grace period; has a $10,000 loan with two disbursements and a 5.25% variable APR: 179 payments of $99.44 and one payment of $100.23, for a total paid of $17,899.99. Variable rates may increase after consummation.