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Financial Literacy

Financial Literacy 101

Take RISLA financial literacy course and get zero origination fees on your qualifying deferred repayment Rhode Island Family Education Loan. Also, learn about:

  • Budgeting
  • Financing Higher Education
  • Identity Theft
  • Understanding Credit

Please note it will take you from 15 minutes to one hour to complete this course. You can complete it in sections and do not have to finish it prior to submitting your loan application. You can always come back and log in to move on to the next section.

Take Financial Literacy Quiz

Managing your finances

Banking basics: Learn about bank types, account types, and more.
Budgeting: A healthy financial future starts with a balanced budget.


Borrowing for College

On average, students graduate with more than $20,000 in student loan debt. Learn about your student loan repayment options and how to minimize debt.


Credit Basics

Understanding credit:  What’s a FICO score? Why does credit matter? Find out here.
Credit card smarts:  Get smart with your credit card before you get into serious debt.
Identity theft: All about identity theft and how to protect yourself.

Financial Glossary

Know what compound interest is? How about equity? Your answers here.

Tools & calculators

Meeting college costs calculator: Determine how you will meet college costs.
Budget calculator: Plan a budget using this calculator.
Loan repayment calculator: Estimate your monthly student loan payments.
Student Borrowing calculator:
Estimate how much is ok to borrow for school.