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Federal Loan Changes to Grad PLUS & Parent PLUS Loans Programs. LEARN MORE

Student Loan Applications are OPEN for the 2026-2027 Academic Year. APPLY NOW

Four $2,000 Scholarships for College. Every Month. ENTER TO WIN TODAY!

Smart Ways to Pay for College

From a lender you can trust.

College is one of the biggest investments a family makes. RISLA helps students and parents navigate that investment with confidence — offering student loan solutions, scholarship resources, and planning tools designed to support education at every stage.

Fixed Rates Starting as Low as

2.99% APR1,2

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Undergraduate Student Loans

Help cover the cost of tuition, housing, and other education expenses with clear terms and competitive rates designed for undergraduate students and their families.

  • No Fees -No Annual Limits
  • Pay Now - Pay Later Options
  • More Borrower Benefits

Rates Starting at 2.99% APR

Graduate Student Loans

Private graduate student loans for students pursuing advanced degrees, including master’s and doctoral programs, at eligible colleges and universities.

  • No Fees - No Annual Limits
  • Flexible Repayment Options
  • More Borrower Benefits

Rates Starting at 2.99% APR

Graduate Health Professionals

Designed for students pursuing careers in healthcare — helping future professionals focus on their education while planning responsibly for repayment.

  • No Fees - No Annual Limits

  • Flexible Repayment Plans

  • More Forebearance Options

Rates Starting at 2.99% APR

For Parents

For parents looking to borrow for their student's education, RISLA offers valuable support throughout the life of your loan.

  • No Fees - No Annual Limits

  • More Borrower Benefits

  • Student is Not Obligated on Loan

Rates Starting at 5.99% APR

Refinance, Simplify & Save

Make your student loan repayment easier and save money by choosing a reliable nonprofit private lender.

  • Combine multiple student loans into one easy-to-manage payment

  • Explore competitive rates that may help lower your overall costs

  • Get clear terms and supportive guidance from a nonprofit focused on students, not profit

Rates Starting at 3.99% APR3

Why Choose RISLA For Student Loans?

RISLA is more than a lender — we’re a partner in education. As a nonprofit organization, our focus is on helping students and families succeed, not maximizing profit. From college planning and FAFSA assistance to undergraduate, graduate borrowing, and refinancing, RISLA supports your journey every step of the way.

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Nonprofit lender focused on students, not profit.

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Industry recognized as among the best student loan lenders

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Free college planning and financial guidance

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Local expertise with nationwide reach

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Customer service highly-rated by students and families nationwide

What to Consider Before Borrowing a Parent Loan

Federal First for Students

Borrowing for College
Students should consider federal student loan options as their first choice when borrowing for college.

Subsidized & Unsubsidized

Subsidized and Unsubsidized Federal Loans offer low rates and good benefits, and do not require a cosigner.

 

Borrowing Limits
Because of the low annual maximum borrowing limits, students are often left with an outstanding balance due to the school they have chosen to attend.

Considering a Private Loan

Covering the Total Cost of College

RISLA private student loans can cover up to the cost of education to fund the balance due not covered by Federal Student Loans.

Consider RISLA First

Parents with additional borrowing needs should consider RISLA as an alternative to the Federal Parent PLUS loan. RISLA Loans provide low fixed interest rates, no fees, and no annual maximum limit.

Reminder about Federal Parent Plus Loans
Federal Parent PLUS Loans have higher interest rates, a 4.48% origination fee, and a $20,000 annual maximum.

Ready to Get Started?

Whether you’re ready to apply or just exploring your options with prequalification, RISLA makes it easy to take the next confident step toward paying for college.

 

RISLA Student Loans

Starting as Low as

2.99% APR

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PREQUALIFY

Why RISLA student loans are the right choice.

  • 2 Minute Application
  • No Application Fees
  • Flexible Repayment Terms
  • Borrower Protections

RISLA offers a quick, simple application process for affordable loans. Student and parent loans through RISLA are available nationwide to eligible students and their parents.

College Planning Center

Free personalized guidance to help students and families navigate the college process.

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Planning

Planning for college can be an exciting step. We can help you build a clear and realistic plan for college success.

  • Finding the right fit for you

  • Taking the first step with college applications

  • Exploring financial aid options

LEARN MORE
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Preparing

Are you preparing for college?  Get ready for what’s ahead with support that helps you stay informed and organized.

  • Understand college costs and timelines

  • Prepare for FAFSA and financial aid applications

  • Learn about scholarships, grants, and deadlines

LEARN MORE
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Paying

Pay for college with confidence—when it’s time to make decisions, RISLA helps families clearly understand their options and move forward with assurance.

  • Learn how student loans can bridge the gap

  • Compare federal aid and private loan options

  • Get guidance focused on long-term financial success

LEARN MORE
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Find out how much your student loan costs after financial aid.

  • Estimate your college costs, including tuition, fees, and other school charges, with RISLA’s easy-to-use loan calculator.

  • Enter your financial aid awards to see the remaining balance and explore how to cover the difference responsibly.

  • Compare loan options, view interest rates, and plan your payments in advance — so students and parents can make informed borrowing decisions without surprise.

COLLEGE CALCULATOR

RISLA Scholarship Hub

Search smarter. Apply faster. Save more.

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Scholarship Hub

Paying for college starts with free money, and RISLA’s Scholarship Hub makes it easy to find scholarships while providing tips to help students stay organized and apply with confidence.

Free Tips & Scholarship Resources
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Enter to Win $2,000

RISLA Knowledge for College awards $100,000 in scholarships each year.  Students and parents can enter monthly for an opportunity to win.

Enter for Your Chance to Win!
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rischolarships.org

rischolarships.org offers free access to local and nationwide scholarships that match students with scholarship opportunities based on their profiles.

Start Searching for Free Scholarships

What customers are saying about RISLA

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Application Disclosures

Undergrad Disclosure | Parent Disclosure | Refinance Disclosure

1. STUDENT LOAN ANNUAL PERCENTAGE RATE (APR) - IMMEDIATE REPAY is the estimated total cost of the loan, including origination fees ($0), accruing interest, and the effect of capitalized interest. Interest begins accruing after each loan disbursement is made. The rate shown is for a 5-year loan, which includes a 0.25% interest rate reduction for using the auto-pay feature and the RI Advantage Discount.

2. RI ADVANTAGE DISCOUNT applies to any Rhode Island resident students attending school in any state or non-Rhode Island resident students attending a school in Rhode Island.

3. REFINANCE LOAN APR is the estimated total cost of the loan, including upfront fees ($0), accruing interest, and the effect of capitalized interest ($0). Interest begins accruing after each loan disbursement. The rate shown includes the 0.25% interest rate reduction for using the  auto-pay feature. If the monthly payment is calculated to be less than $50 per month for the full term, the lowest payment is $50 per month with the term reduced. The rate you will receive (ranging from 3.99% – 8.04% APR with auto-pay) is based on the term of the loan, if the loan is cosigned (which lowers your rate), if you qualify for RI Advantage (which lowers your rate), your credit score & financial history, your cosigner's credit score (if applicable), and other factors. The rate shown is for a 5-year term with a cosigner and qualifies for RI Advantage. The first payment will be due approximately 30 days after the loan is completely disbursed. The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms.