Skip to main content
APPLY NOW
Skip to main content

Borrower Protections

Borrow with Confidence. Assistance when you need it most.

Flexible protections designed to support you through life’s changes. RISLA borrower protections are built to give you peace of mind. From Income-Based Repayment to military benefits and hardship support, you’ll have options that help you stay on track—no matter what life brings.

Income-Based Repayment

Payments that adjust to your income 

Lower your monthly payments based on your income, making repayment more manageable during financially challenging times.

Military Service Benefits 

Support for those who serve

Active-duty service members may qualify for repayment flexibility and temporary relief while serving.

Flexible Payment Forbearance

Pause payments when you need them  

Temporarily postpone payments during periods of hardship, unemployment, or disability.

Unfortunate Incident

Coverage for life’s most difficult moments

RISLA offers loan forgiveness options in the event of death or permanent disability, helping protect borrowers and families.

Income-Based Repayment

Flexible payments based on your financial situation

Find Out if Your are Eligibile for IBR Programs >

RISLA_SOLID_CIRCLE_ICON_01-2

Financial Hardship

Adjust payments during periods of reduced income or financial strain.

  • Payments aligned with current income levels
  • Helps avoid delinquency & default
  • Available during qualifying hardship periods
RISLA_SOLID_CIRCLE_ICON_02-1

Payment Amounts

Monthly payments are calculated to remain affordable.

  • Based on verified income and financial situation
  • Lower than standard repayment plans
  • Adjusted if income changes annually
RISLA_SOLID_CIRCLE_ICON_03-1

Qualifications for IBR

Meet eligibility requirements to enroll in Income-Based Repayment.

  • Proof of income required
  • Must demonstrate financial need
  • Available on eligible RISLA loans
RISLA_SOLID_CIRCLE_ICON_04-1

Repayment Terms

Stay on track with structured, flexible repayment options.

  • Payments reviewed annually
  • Terms adjusted based on updated income
  • Helps maintain long-term repayment success

Repayment flexibility for active duty service members

Support options designed to ease financial obligations during military service.
 

Active Duty

Access repayment relief while serving.

  • Payment flexibility during deployment
  • May qualify for temporary payment reduction
  • Helps reduce financial stress while serving

Military ID

Verify eligibility quickly and securely.

  • Submit a valid military identification
  • Confirms active service status
  • Required for benefit processing

Deferred Eligibility

Postpone payments under qualifying conditions.

  • Temporary suspension of payments
  • Interest rate capped at 6%
  • Available for eligible borrowers

Loan Payment Forbearance

Temporary relief when you need it most

Forbearance options allow you to pause payments during qualifying life events.
RISLA_SOLID_CIRCLE_ICON_01-2

Available Options

Explore short-term relief solutions.

  • Available for unemployment, disability, or hardship
  • Helps prevent missed payments
  • Keeps your loan in good standing
RISLA_SOLID_CIRCLE_ICON_02-1

Forbearance Terms 

Understand how long relief may last.

  • Up to 24 months for loans disbursed on or after July 1, 2021
  • Earlier loans follow Promissory Note terms
  • May be used in multiple qualifying periods
RISLA_SOLID_CIRCLE_ICON_03-1

Eligibility Requirements

Meet criteria to request forbearance.

  • Must demonstrate a qualifying circumstance
  • Subject to approval and documentation
  • Applies to eligible RISLA loans only

Unfortunate Incident Protection

Loan forgiveness when it matters most

RISLA provides loan forgiveness in the event of a student borrower’s death or permanent disability. 

 

Loan Forgiveness Overview

Support for families during difficult times.

  • Applies to RISLA student, parent, and refinance loans
  • Covers outstanding loan balance
  • Requires documentation for processing

RISLA Student Loans

Eligibility based on borrower status.

  • Applies if the student borrower is on the original loan
  • Includes multiple RISLA loan programs
  • Forgiveness triggered by the death or permanent disability of the benefitting student

Smart Borrowing Insights & Tips

Get expert insights to maximize your opportunities