What is Thrivent Student Loans?
Thrivent Credit Union (TCU) is a private student loan lender devoted to supporting "every face of your financial life". As a non-profit lender owned by its members, TCU is a credit union. This ownership structure allows eligible individuals to access member benefits that go beyond low interest rates.
Thrivent Student Loans
Thrivent Credit Union offers in-school student loans, a student line of credit and private student loan refinancing.Apply for a Thrivent Private Student Loan: Thrivent AdLoans for Students
Thrivent Student Loan
Thrivent offers private student loans for students at competitive fixed or variable rates for a term of 180 months. To borrow a Thrivent student loan, you and your cosigner (if required) must be a U.S. citizen or permanent resident. You must be the age of majority in your state and enrolled in school at least half-time. Applying with a cosigner may afford you a better rate.
You may choose from the following repayment options:
- Make no payments while in school
- Make minimum payments while in school
- Make interest only payments while in school
- Make loan payment immediately (approx. 45 days after the loan has been disbursed to your school)
Thrivent Student Line of Credit
Thrivent offers a unique Student Tuition Line of Credit. This loan comes with a variable interest rate, no origination fees and four repayment options. Unlike traditional private student loans, this line of credit comes with the ability to “request a draw of funds for each subsequent academic year after your initial application.” With the Student Tuition Line of Credit, borrowers may qualify to borrow a maximum of $80,000. Students may request a draw funds from their existing line of credit each year—there is no need for additional application with a credit line.
You may choose from the following repayment options:
- Make no payments while in school
- Make minimum payments while in school
- Make interest only payments while in school
- Make loan payment immediately (approx. 45 days after the loan has been disbursed to your school)
| Pros | Cons |
|---|---|
| Competitive interest rates | Must be (or become) a member of Thrivent Credit Union |
| Student Loan Line of Credit (minimum of $1,000) | Student loan limit is $80,000 for the entire time you are in school. The maximum loan amount will be the certified need determined by your school, up to a maximum of $80,000 per student. |
| No application fees | Most borrowers will need a cosigner to qualify |
| 0.25% ACH discount when enrolled in auto-pay |
Thrivent Student Loan Refinance
Thrivent offers student loan refinancing with low fixed or variable rates. You may choose to make full or graduated payments, and choose a repayment term of 60, 120 or 180 months. Ideal borrowers have an annual income of at least $30,000 and two years of credit history, plus continuous employment or income.
How Thrivent Gives Back
Thrivent is a member-owned credit union with a focus on giving back. Thrivent runs the Thrivent Action Teams program to help members serve unmet needs in their communities. Thrivent also partners with Habitat for Humanity to make a lasting impact on a global and local scale.
Thrivent Customer Service
Thrivent’s client services are available via phone Monday through Friday 7 a.m. to p.m. CST. You may also contact them through a form on their website and have a representative reach out to you.
Thrivent Headquarters
Thrivent corporate center is located in Minneapolis, MN, with an operations center in Appleton, WI.