Updated: September 22, 2021

Thrivent Graduate Student Loan Review

Graduate

Graduate
Student Loan Rating
3.5 of 5
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Fixed APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
6.12% - 9.77%
Variable APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.12% - 8.84%
Repayment Terms
5 years, 10 years, 15 years
Important Information

Rewards: Autopay Discount and Multi-Year Option

Eligibility: Must be a member of Thrivent Federal Credit Union to borrow

Yearly Loan Limit: $80,000

Overall Loan Limits: $1,000 (minimum), $80,000 (aggregate)

Cosigner Terms: Cosigner is optional, offers Cosigner Release after 24 on-time monthly payments

The bottom line:

CU Learn with Thrivent offers best-in-class customer service for its graduate student loans, and even has a multi-year option (saving you the trouble of re-applying every year). That said, you will likely find better rates with other lenders, and, to get the loan, you will have to join the Thrivent Federal Credit Union.

Pros

  • Has evening and weekend call center hours
  • Has a US-based call center
  • Provides a multi-year borrowing option

Cons

  • Must join the Thrivent Federal Credit Union
  • They charge a fee on late payments
  • You will find lower rates elsewhere
View full rankings of the best student loans for grad school
CU Learn with Thrivent College Ave Ascent Student Loans
Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Fixed:
6.12% - 9.77%
Variable:
5.12% - 8.84%
Fixed:
4.74% - 12.23%
Variable:
2.24% - 11.22%
Fixed:
3.02% - 12.95%
Variable:
1.51% - 11.08%
Loan repayment terms (Years) 5 years, 10 years, 15 years 5 years, 8 years, 10 years, 15 years 7 years, 10 years, 12 years, 15 years
Cosigner release? Yes, after 24 months on-time payments Yes, after 24 months on-time payments Yes, after 24 months on-time payments
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CU Learn with Thrivent has quite the reputation for good customer service. With a US-based call center as well as evening and weekend call center hours, you can be sure that they will listen to your thoughts and concerns about your student loans. Their multi-year option is further proof of that. If you’ve still got more years of school left, you can apply for their graduate student loan once and get re-approved seamlessly on your future years of study. 

Cost-wise, you’ll likely be paying more with them than you would with other lenders for grad school loans. Though they don’t charge application, origination, or guarantee fees, and there’s no penalty for prepaying your loan, they also don’t offer any rewards beyond their autopay discount. You’ll likely find lower interest rates with other lenders.

Lastly, be sure to read the fine print: to borrow from Thrivent you have to join the Thrivent Federal Credit Union. That isn’t rocket science, but it’s a process you’ll have to follow nonetheless.

CU Learn with Thrivent - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Hard
  • Repayment Terms: 5 years, 10 years, 15 years
  • Minimum Borrowing Limit: $1,000
  • Yearly Borrowing Limit: $80,000
  • Aggregate Borrowing Limit: $80,000
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: Yes
Requirements to Qualify
  • Minimum Credit Score: 660
  • Minimum Annual Income: $30,000
  • Maximum Debt-to-Income Ratio: 43
  • Citizenship Restriction: Citizens or Residents
  • Minimum Enrollment Restriction: Half-Time
  • List of States where Loan is Not Available: None
  • Approved Schools Include: Non-Profit
Repayment Options
  • Immediate Principal and Interest Repayment: Yes
  • Fixed Monthly Repayment: Yes, Yes
  • Interest-Only Repayment: Yes
  • Full Deferment: Yes
Repayment Details
  • Length of Grace Period: 6 months
  • Maximum Deferment Period: Not specified by lender
  • Maximum Forbearance Period: Not specified by lender
  • Cosigner Release Option: Yes, after 24 months on-time payments
  • Death Discharge: Yes
  • Disability Discharge: Not specified by lender
Customer Service
  • US-Based Call Center: Yes
  • Hours of Operation (in addition to weekdays): 24/7
  • Application Timeline: Not specified by lender
Extras
  • Scholarship Search Tool: Yes
  • Sponsors a Scholarship: Yes
  • Job and Career Assistance: None
  • Financial Literacy Training: Yes
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Other Loans that CU Learn with Thrivent Offers:

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