Apply for a Thrivent Education Refinance Loan by December 31 to Receive a $200 Jumpstart 

Apply for this loan from Thrivent Federal Credit Union by December 31st and if your loan is approved and funded you will receive $200.  You could save money by refinancing your student loans and get an extra $200 to apply toward a future payment.

3 Key Steps:

  1. Complete the application to refinance your existing student loans by December 31, 2017.
  2. Your Refi loan of at least $15,000 gets approved by Thrivent Federal Credit Union and accepted by you. 
  3. You receive $200*.

*Once your Refi loan is funded, $200 will be deposited in your Thrivent Federal Credit Union Membership account (set up during the application process) if your loan is in good standing after 90 days.  See details below. 

Act fast to take part in this limited time special offer.
Apply before 12/31/2017 to be eligible to receive your $200 jumpstart.

Not sure if you should refinance your student loans? Download our FREE eBook, "How to Conquer Your Student Loan Payments" to learn more.

Questions? Email us at


Q: What does refinancing my college loans mean?

A: Refinancing student loans involves applying for a new loan from a private lender with a new interest rate and loan repayment term. That loan is used to pay existing student loans. Refinancing student loans at a lower interest rate may translate into a lower monthly payment. Depending on the rates and remaining terms of the loans that are refinanced, it may also mean less interest paid over the life of the new loan.

Q: Do I need to apply AND be funded by December 31st to qualify for the $200 jumpstart?

A: No, you just need to apply by December 31st.  Then, once you are approved and funded for the refiance loan, you will receive your $200 jump start.

Q: Is there a fee to apply for a refi loan?

A: No application or origination fees are required for a refi loan.

Q: Am I required to be a member of the Thrivent Federal Credit Union?

A: Yes. You must be a member to be considered for this loan with Thrivent Federal Credit Union. If you are not already a member, you'll be asked to apply for membership during the loan application process.

Q: Will I save money by refinancing my student loans?

A: There is a significant potential to save money when refinancing, especially if the interest rate on your refinanced loan is less than what you are currently paying on the loans you intend to combine. The terms of the loans will have an impact on whether and how much you save as well.

Q: What are the benefits to refinancing my student loans?

A: A primary benefit is the convenience of combining multiple payments from various lenders into one payment. Other key benefits include the potential for a lower payment and a lower interest rate, which, depending on the rates and terms of the loans that are refinanced, can mean paying less in interest over the life of your new loan.

Q: When is the best time to refinance student loans?

A: As with most financial decisions, there is rarely a right or wrong answer since every situation is unique. If you consider what you are trying to accomplish by refinancing, it may help you decide when the best time is for you. For example, if you are seeking to simplify monthly money management, refinancing can help by creating just one payment versus several from multiple lenders. If your goal is to save money by lowering a payment and/or reducing the amount of interest paid on your student loans, it may benefit you to refinance. Be sure to consider the benefits on your existing loans that you may give up by refinancing.

Q: Are there benefits on my existing student loans that I might lose if I refinance?

A: Federal student loans typically have:

  1. Fixed interest rates, meaning that the interest rate on a Federal student loan will never go up or down.
  2. Certain options, such as income-based repayment, which may help some borrowers. Depending on the type of loan that you have, the government may forgive your loan upon death or if you die or become permanently disabled.
  3. Loan forgiveness options in exchange for performing certain types of public service.
  4. Flexible repayment options if you are called into active duty after you obtained your student loan. This option supplies the borrower with interest rate and repayment benefits for the loan. 

If you are a borrower with a secure job, emergency savings, strong credit and unlikely to need any of the options available to distressed borrowers of federal student loans, a refinance of your federal student loans into a private student loan may be attractive to you. You should consider the costs and benefits of refinancing carefully before you refinance.

Q: How long will it take to process the refi loan and get my old loans paid off?

A: You should plan on 4-8 weeks to have the entire loan process complete and your old loans paid off. We strongly recommend that you continue making payments on your existing loans until you are sure the process is complete. Any overpayment will be returned to you.

The processing time will vary depending on a number of factors, like how many existing loans you have, how many lenders you have on those existing loans, the responsiveness of your existing lenders to requests for payoff information, and/or the automation abilities of your existing lenders. To be safe, keep paying the existing loans until you are sure the new refi loan has paid off the old loans.

Q: Can my spouse and I combine our student loans into one loan by refinancing?

A: You both may apply individually to refinance your respective student loans. However, no one may combine their loans with loans that were originally made to someone else.

Q: What is the difference between fixed interest rate and variable rate?

A: When refinancing student loans, you may choose the type of interest rate that is best for you. Select a fixed interest rate if you prefer a guarantee that your rate, and therefore your payment, will not change during the life of the loan as long as you make all of your payments on time. Or, you may choose a variable rate that may fluctuate over the life of the loan, depending on factors such as economic market conditions.

Q: Is interest paid on my refinanced loan income tax-deductible?

A: If your original loans had tax-deductible interest, the interest on your refinance loan will generally be tax deductable. There are limits on who qualifies for the tax deduction, and you are advised to consult with your tax advisor.

Q: What is the difference between consolidating and refinancing?

A: Both consolidating and refinancing involve combining student loans into one. The only option for consolidation is a federal program in which you combine just federal student loans together and pay an interest rate that is a weighted average of the original loan interest rates, rounded up to the nearest one-eighth of one percent. Refinancing with a private lender, on the other hand, allows you to combine all your student loans, not just federal ones. Refinancing may allow for a lower interest rate since the rate is not determined by taking an average of existing interest rates.

Click here for answers to your application, funding, and co-signer related questions.

If you have further questions regarding the Refi loan, please give us a call at 866-727-4624.

For questions regarding the $200 special offer, please email us at

Is Refinancing Right For You?

Refinancing your student loans lets you combine all of your student loans - undergrad and graduate, federal and private - into one new loan. That means just one monthly payment.

What's more, by refinancing you may:

  • Take advantage of flexible loan repayment options, including:
    • Immediate repayment of principal and interest, beginning 30 to 60 days after the loan is finalized and all underlying loans are paid off, and continuing for the repayment period.1
    • Graduated repayment of principal. This option offers lower payments in the first two years that increases for the remaining term of the loan.2
  • Choose a fixed or variable rate. 
    • Fixed rates never change, so your payment stays the same. 
    • Variable rates could increase or decrease quarterly.

Thrivent Education Refi Loans make refinancing simple and easy - and there are no origination fees.

Do you qualify for Federal Loan Forgiveness?

If you're employed by the government or a qualifying nonprofit agency, you may qualify for federal loan forgiveness. 

Example: Working for a non profit qualifying organization, you could potentially have the remainder of your loans forgiven after 10 years of consistent loan repayment and service. Other professionals like doctors, nurses and attorneys may have additional forgiveness options. Teachers in qualifying school districts are also eligible for federal teacher loan forgiveness.  Refer to for more infomration on these programs.

Are your school loans eligible for a Thrivent Education Refi Loan?

Review this list of colleges to see if your school loans are eligible for refinancing through Thrivent Federal Credit Union.

Do you have Federal Student Loans?

Federal student loans may have flexible repayment options and loan forgiveness plans. Example: If you have a lower income or lose your job, you may be eligible for plans that cap what you have to pay each month.1

Do you have a steady income and good credit?

If so, lenders may see that you have a track record of handling money wisely. With a credit score of about 660 or higher and a steady income to support your loan repayment, you may be a good candidate for refinancing.

Do you have a plan for the money you save?

Refinancing may save you a lot of money over the term of a loan. Having a plan for those extra dollars can help you find financial balance in this new stage of your life.

Membership Eligibility

It's easy to become part of our community. Thrivent Federal Credit Union is a member-owned financial cooperative driven by Christian beliefs and values, combining faith and financial expertise to help our members live confidently and generously. You must be an associate or benefit member of Thrivent Financial to be eligible for credit union membership. To be eligible for a student loan, you must be:

  • A member of Thrivent Federal Credit Union.
  • A U.S. citizen or permanent resident.
  • Old enough to borrow legally in your state.

Thrivent Federal Credit Union membership is required for the borrower. If you’re not already a member, you will be asked to apply for membership when you apply for your loan. Deposit and lending services are offered by Thrivent Federal Credit Union, a member-owned, not-for-profit financial cooperative that is federally insured by the National Credit Union Administration and doing business in accordance with the Federal Fair Lending Laws. Must qualify for membership. Insurance, securities, investment advisory and trust and investment management accounts and services offered by Thrivent Financial for Lutherans or its affiliates are not deposits or obligations of Thrivent Federal Credit Union, are not guaranteed by Thrivent Federal Credit Union or any bank, are not insured by the NCUA, FDIC or any other federal government agency, and involve investment risk, including possible loss of the principle amount invested.



Responsible Borrowing Is Important

Refinancing is a smart choice for a lot of graduates. But it's not for everyone. Take 30 seconds to calculate your savings or follow the easy steps to apply today.  

$200 Jumpstart Complete Details

$200 cash back rebate offer valid with refinancing student loans. In order to qualify for the $200 cash back rebate, the application must be submitted between October 23, 2017 and December 31, 2017. Applications submitted before or after those dates are ineligible for the promotion. Minimum loan amount to qualify is $15,000. Existing Thrivent Federal Credit Union (TFCU)  student loans are eligible for this refinance promotion. Membership in Thrivent Federal Credit Union is open to members of Thrivent Financial, a fraternal benefit society whose common bond is Christianity. Visit to see if you are eligible. Rebate will be deposited into member’s Thrivent Share Savings or TFCU College Checking account 90 days after the loan is funded. Student loan refinance must be in good standing in order to be eligible for cash back deposit to be made. Consumer is responsible for reporting cash back rebate for tax purposes. Certain credit worthiness criteria are required for loan approval.