CERTIFICATE LOANS

Our rates speak for themselves.

* Requesting a rate will not impact your credit score.

 

GET MY RATE*
PEACE OF MIND
PEACE OF MIND

A convenient multi-year solution for bridging the financial gap.

RATE DISCOUNT
AUTO-PAY RATE DISCOUNT

With auto-pay, receive a rate reduction of 0.25% with monthly payments.

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NO FEES

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

BORROWER PROTECTIONS
BORROWER PROTECTIONS

When things don't go as planned, RISLA has your back.

EDUCATION LOANS FOR
CERTIFICATE PROGRAMS
Student Lending Made Easy.

Our goal isn’t to make a large profit at the borrower’s expense. RISLA’s non-profit education loan programs help students borrow at an affordable simple interest rate (not compounding rates like credit card debt). RISLA loans are available to students in all 50 states and Washington DC.

Your Future is our Future

RISLA cares about your success. In fact, we believe building the skills and competencies of American workers is essential to ensuring the competitiveness of business in the global economy. That’s why RISLA offers our low fixed rate education loans to eligible certificate program students.

RISLA NATIONAL RECOGNITION

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EDUCATION LOAN OPTIONS
2023 - 2024 ACADEMIC YEAR
IMMEDIATE REPAY
STUDENT & COSIGNER
INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
4.45% - 8.45%
 
APR
APR1
WITH AUTO-PAY
4.45% - 8.45%
 
UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
120 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$105 - $126
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
15 DAYS
AFTER FINAL DISBURSEMENT
COSIGNER RELEASE
COSIGNER RELEASE3
YES
ELIGIBLE FOR RELEASE AFTER ENTERING REPAYMENT.
THE FIRST 24 MONTHLY PAYMENTS NEED TO BE MADE CONSECUTIVELY AND ON-TIME. 
ADVANTAGES
ADVANTAGE
SHORTER TERM THAN DEFERRED, LOWER INTEREST RATE
DISADVANTAGES
DISADVANTAGE
PAYMENT IS REQUIRED WHILE THE STUDENT IS ATTENDING SCHOOL

 

DEFERRED REPAY
STUDENT & COSIGNER 
FIXED INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
5.99% - 8.99%
 
APR
APR
WITH AUTO-PAY
5.79% - 8.86%
 
UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
180 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$97 - $141
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
6 MONTHS
AFTER STUDENT LEAVES SCHOOL
COSIGNER RELEASE
COSIGNER RELEASE
YES
ELIGIBLE FOR RELEASE AFTER ENTERING REPAYMENT.
THE FIRST 24 MONTHLY PAYMENTS NEED TO BE MADE CONSECUTIVELY AND ON-TIME. 
ADVANTAGES
ADVANTAGE
NO PAYMENT REQUIRED WHILE IN SCHOOL
DISADVANTAGES
DISADVANTAGE
HIGHER OVERALL COST DUE TO TERM LENGTH

 

PARENTS
PARENT ONLY
FIXED INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
5.74% - 8.74%

 

APR
APR
WITH AUTO-PAY
5.74 - 8.74%

 

UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
120 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$112 - $128
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
15 DAYS
AFTER FINAL DISBURSEMENT
COSIGNER RELEASE
COSIGNER RELEASE
NO
THIS IS ONLY AVAILABLE ON STUDENT LOANS

 

 

 

ADVANTAGES
ADVANTAGE
STUDENT IS NOT OBLIGATED TO THE LOAN
DISADVANTAGES
DISADVANTAGE
HIGHER INTEREST THAN IMMEDIATE REPAY OPTION WITH STUDENT AS THE PRIMARY BORROWER
Student Loan Limits & Eligibility

LOAN LIMITS

$1,500 - $50,000 per year. This can not exceed the total Cost of Attendance (COA) minus other financial aid received.

  • Deferred and immediate repayment options.

  • No prepayment penalties.

  • Interest you pay on this loan may be tax deductible. Consult your tax advisor.

LOAN ELIGIBILITY

All RISLA Loans are credit-based with additional eligibility requirements, such as a minimum income requirement of $40,000, debt-to-income, and liquidity requirements and others.

  • Attend a Title IV Degree Granting School.

  • Eligible Public or Non-Profit Institutions of Higher Education.

  • Available to Non-Matriculating Students.

  • Student must be a US citizen or permanent resident.
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RISLA EDUCATION LOANS
START YOUR APPLICATION TODAY.

* Requesting a rate will not impact your credit score.

GET MY RATE*

WE'VE GOT YOU COVERED.

RISLA has programs to assist when times get tough for borrowers with options for a temporary pause, monthly payment restructures, or forgiveness due to unfortunate events.

HOW TO APPLY

Applying for a Certificate Loan has never been easier or faster.

* Requesting a rate will not impact your credit score.
GET STARTED*
NUMBER 1
APPLY ONLINE
Quick

Your application can be completed online. It will approximately take 5-10 minutes involving the following:

  • Credit Report Inquiry
  • Application can not be processed if a freeze is active on your credit file
  • Note:  We have to pull your credit report for the full application.
NUMBER 2
UPLOAD DOCUMENTS
Safe

Once approved, you can upload supporting documentation through our secure portal using a computer or mobile device, including:

  • Valid Identification
  • Social Security Number
  • Employment & Income Verification
  • Bank Account & Asset Information
NUMBER 3
E-SIGN LOAN
Secure

Instructions will be sent to your email address. In order to complete your loan application process, you must confirm the following:

  • Received Confirmation Email
  • Accept Your Loan
  • Self-Certify
  • E-Signature to complete loan application
  • Congratulations! You Did It!

TOOLS & RESOURCES

E-GUIDES

Learn more about our products and services with our educational guides to walk you through preparing, planning, and paying for college.

RISLA's online e-guides are free and easy to download.

E-BROCHURES

We are here to help every step of the way.  Programs for Undergrads, Graduate, Certificate students and more.  Download one of our e-brochures for an overview of how we can help.

RISLA's online e-brochures are free and easy to download.

COLLEGE SAVINGS CALCULATORS

Crunch the numbers with one of our helpful calculators to assist with estimates for the important decisions to be made on how you will pay for college.

Free and easy to use.  Know before you owe!

HAVE A QUESTION?

You are not alone. Many students and families have questions when preparing for college. We are here help answer those questions.

KEEP UP WITH
RISLA NEWS!
Learn more on how to plan, prepare, and pay for college.

SIGN-UP FOR OUR RISLA BLOG
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Excellent Organization

Excellent communication each step of the way. Phone calls answered by a friendly, real person with real information and assistance. Seamless, easy-to-use, efficient application process. Great interest rates. Zero complaints or concerns. Would do business with RISLA again in a heartbeat.

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M.C.
RISLA Customer
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Simple and Clear

The Process was extremely simple and straightforward. The loan details are clear and easy to understand. There were no hidden fees or surprises. We will continue to use RISLA for our future education loan needs.

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Michael N.
RISLA Customer
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Easy & Quick

Very simple, easy to fill out questionnaire. Also very quick from application to disbursement. Percentages are LOWER than federal financial aid! Recommend without reservations.

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John K.
RISLA Customer
RISLA PRODUCTS & SERVICES
COLLEGE PLANNING CENTER

Students and families can be overwhelmed with planning and how to pay for college.  We have experienced counselors that offer one on one assistance helping families understand all their options start to finish.

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EDUCATION LOANS

We have been offering low cost, fix rate education loans for almost 30 years.  Helping students and families borrower responsibly to help achieve their higher education dreams.

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REFINANCE

Refinancing may help you simplify and save when repaying student loans.  Combining outstanding balances, and securing a low interest rate with RISLA may reduce your overall repayment amount and possibly your monthly payment.

LEARN MORE
EMPLOYER REPAY

Employer Student Loan Repayment assistance is a tax-free benefit allowing employers to contribute towards the repayment of employee student loans.  This newest in-demand employee benefit helps reduce financial stress for employees while increasing retention and loyalty to employers.

LEARN MORE
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.

2. RHODE ISLAND ADVANTAGE: 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. THE COSIGNER RELEASE PROGRAM:  is not offered to Colorado, Connecticut, or Maine residents.