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Certificate Loan Rates

Starting at 3.85% APR1,2
Nationally Recognized as One of the Best Education Loans.

RISLA is a nonprofit lender that offers loans to customers across the country. If you're considering a certificate program to enhance your career or venture into a new field, RISLA's student loan for certificates offers low-fixed loans to cover your program expenses.

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NerdWallet

RISLA is nationally recognized by NerdWallett as the 2024 Best of Awards for Best State Private Student Loans. RISLA provides fixed, low interest rates nationwide for graduates, students, and parents.

©2017-2024 and TM, NerdWallet, Inc. All Rights Reserved.

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CERTIFICATE LOAN RATES & BENEFITS

 

Fixed Rates Starting at

3.85%

WITH IMMEDIATE REPAYMENT & AUTO-PAY

The process of borrowing for college can be stress-free and easy with the help of our loan experts, who are available to answer your questions directly without any recordings. Borrowing responsibly has never been easier.

Requesting a rate will not impact your credit score.

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LOW INTEREST RATES

As a non-profit State agency, RISLA consistently offers some of the lowest rates in the industry.

UP TO 100% COSTS COVERED

This can include school-certified costs such as tuition, housing, books, and more. Annual and aggregate loan limits apply.

NO FEES

No application fees, origination fees, late fees, or insufficient funds fees.

BORROWER PROTECTIONS

Our borrower protections go above and beyond what most private lenders offer, including Income-Based Repayment.

Borrower Benefits

Looking for a student loan that meets your current and future needs? Look no further. RISLA, a non-profit organization that lends to students nationwide, offers low fixed rates, flexible terms, and zero fees—all while providing you with the support you need to succeed. So why wait? Apply today and start investing in your future!

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Peace of Mind

A multi-year program designed to offer a convenient solution for bridging financial gaps.

MULTI-YEAR PROGRAM >
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Autopay Discount

When you enroll in autopay, you will receive a 0.25% reduction in your monthly payment rate.

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Reward Programs

Internship rewards can equal up to $2,000 in principal loan reduction. Plus, if you're a nurse, you can benefit from paying no interest on your student loans for four whole years. 

REWARDS PROGRAM >
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Zero Fees

Good news! You won’t have to worry about any fees related to the application, origination, late payments, or insufficient funds. We’re here to make things easy for you!

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Why Choose RISLA?

We are with you for the journey.

RISLA firmly believes that the future relies on the success of today's and tomorrow's students. That's why RISLA is committed to supporting students throughout their college journey by guiding them through the college planning process. Additionally, RISLA strives to educate families on how to obtain financial aid and provide them with tools to make informed and responsible borrowing choices for college.

RISLA, a non-profit education loan lender, offers loan programs with low fixed interest rates to help students borrow responsibly in all 50 states and Washington, D.C. 

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Borrower protections that have you covered.

We have you covered for life's unexpected events.

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Income-Based Repayment

Short-term assistance to help borrowers through a temporary financial setback.

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Military Benefits

If you are a member of the military you may be entitled to SCRA benefits on your RISLA Loan.

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Payment Forbearance

Can suspend or lower student loan payments temporarily during times of financial stress.

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Unfortunate Incident

This forgiveness benefit is applicable upon permanent disability or death of a student.

Student Loan Programs

2024 - 2025 Academic Year
Immediate Repayment

0

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Deferred Repayment3

8

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Parent Only

16

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FIXED INTEREST RATES
Fixed Interest Rates

3.85% - 8.64%

5.99% - 8.99%

5.74% - 8.74%

With Auto-Pay
APR1

APR Range

3.85% - 8.64%

5.79% - 8.54%

5.74% - 8.74%

With Auto-Pay
FEES
Zero Fees
STANDARD REPAY TERMS
Term Length

120 Months

180 Months

120 Months

ESTIMATED MONTHLY PAYMENTS
Per $10K Borrowed
$102 - $127 Estimated Monthly Payment
$107 - $141 Estimated Monthly Payment
$112 - $128 Estimated Monthly Payment
COSIGNER RELEASE3
Eligible for Cosigner Release
No
ADVANTAGE
Loan Advantages
Shorter Term Than Deferred
No Payment Required while in School
Student is not obligated to the loan
DISADVANTAGE
Loan Disadvantages
Payment is required while the student is enrolled in school.
Higher overall cost due to term length of student loan.
A higher interest rate than the Immediate Repayment Loan.

Student Loan Borrowing Limits

How much should you borrow for college?

It is recommended that you borrow only the necessary amount to cover your educational expenses. The more you borrow now, the more student loan debt you will have to pay back later, along with the added interest. To determine the appropriate amount of student loan you should take, you need to calculate your cost of attendance.

Minimum of $1,500
  • Per academic year.

Maximum of $50,000
  • Per academic year.

Loan Amount
  • It cannot exceed the total Cost of Attendance (COA) minus other financial aid received.

Student Loan Eligibility

Are you eligible for student loans?

All RISLA Loans are credit-based, with additional eligibility requirements.

Must be enrolled in an eligible school or program
  • A Title IV Degree granting school.
  • Public or non-profit institutions of higher education.

Must meet credit and income requirements
  • Subject to credit check.
  • Documentation of Income.

May require a cosigner
  • Loan approval may or may not require a cosigner.  However, having a cosigner may result in a lower interest rate.

Applying for your student loan is easy.

Our team of student loan specialists is available to answer any questions you may have with your online application.

Speak with our student loan specialist to answer your questions at 800-758-7562

1
Get Pre-Qualified

Getting your rate is quick and easy without impacting your credit score!

2
Confirm Your Rate & Term

Compare rates and terms to choose a loan that fits your budget. This may lower your monthly payment or reduce the total interest paid over time.

3
E-Sign Your Loan

Confirm your acceptance of the loan by completing your e-signature. The loan will be approved after this process is completed.

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Contact Our Student Loan Specialist

RISLA is here to help answer your questions.

We'd be delighted to help you with your application and find ways to save money with your student loans.

CALL US
EMAIL US

What customers are saying about RISLA

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Student Loans FAQ

Many students and families have questions when preparing for college. We are here to help answer those questions.

GO TO FAQ >

We are with you for the journey.

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College Planning

A free service aimed at helping students achieve their goal of attending college and paying for it. The CPC assists thousands of students and families each year in planning for higher education.

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Scholarship Hub

Check out how to prepare for college—access free tools and resources.  Find local scholarships for college, and parents and students can enter to win $2,000 in college scholarships!

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Refinancing

With our refinancing options, you can enjoy the benefits of low fixed interest rates, no fees, and an auto-pay discount. Take advantage of this opportunity to save money and simplify your finances. 

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Fixed-Rate Student Loan  |  Parent Loan

1. APR: The Annual Percentage Rate (APR) reflects 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. The rate shown includes the 0.25% interest rate reduction for using the auto-pay feature and 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. DEFERRED APR: Interest rates are the same for graduate students. However, the APR range differs from the range shown above for undergraduate students.

4. THE COSIGNER RELEASE PROGRAM: This is not offered to residents of Colorado, Connecticut, Maine, Nevada, and Washington, D.C.