RISLA IS WITH YOU FOR THE JOURNEY

CERTIFICATE LOANS

Student Loans for Degree Granting, Title IV Eligible Public or Non-Profit Institutions of Higher Education

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PEACE OF MIND

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

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RATE DISCOUNT

0.25% Interest rate reduction when you make automatic monthly payments.

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NO UPFRONT FEES

No application, origination, or upfront fees of any kind.

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BORROWER PROTECTIONS

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

ABOUT RISLA

 

Certificate Loans

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.

National Recognition

Forbes Advisor ranked RISLA as having one of the best education loan programs in the country. Recognizing that for twenty-eight (28) years RISLA’s fixed rate education loan programs are among the most affordable of any in the nation.

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.

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RISLA CERTIFICATE LOANS

Learn more and apply online.

LOAN LIMITS

For College Certificate Programs

$1,500 - $45,000 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 adviser.

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LOAN ELIGIBILITY

For College Certificate Programs

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.

Student Requirements:

  • Attend a Title IV Degree Granting School

  • Eligible Public or Non-Profit Institution of Higher Education

  • Available to Non-Matriculating Students 

CERTIFICATE STUDENT LOAN OPTIONS

2021 - 2022 ACADEMIC YEAR

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TYPES OF LOANS
 

IMMEDIATE REPAY

STUDENT & COSIGNER

WITH RI ADVANTAGE

 

IMMEDIATE REPAY

STUDENT & COSIGNER

 

 

DEFERRED REPAY4

STUDENT & COSIGNER

 


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FIXED INTEREST RATE

WITH AUTO-PAY

2.99%

(3.24% W/O AUTO-PAY)

3.74%

(3.99% W/O AUTO-PAY)

4.74%

(4.99% W/O AUTO-PAY)


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APR3

WITH AUTO-PAY

2.99%

(3.24% W/O AUTO-PAY)

3.74%

(3.99% W/O AUTO-PAY)

4.61%

(4.86% W/O AUTO-PAY)


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UP-FRONT FEES

NONE

NONE

NONE


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STANDARD REPAY TERM

120 MONTHS

120 MONTHS

180 MONTHS


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ESTIMATED MONTHLY PAYMENT

PERK $10K BORROWED

$97

$101

$86


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REPAYMENT START

15 DAYS

AFTER FINAL DISBURSEMENT

15 DAYS

AFTER FINAL DISBURSEMENT

6 MONTHS

AFTER AFTER STUDENT LEAVES SCHOOL


Icon of Circle with Plus Sign Advantages

ADVANTAGES

Shorter Term, Lowest Interest Rate

with RI Advantage

Shorter Term, Lower Cost of Total Loan

No Payment Required

While Student is Attending School


Icon of Circle with Minus Sign Disadvantages

DISADVANTAGES

Payment Required While Student is Attending School

Payment Required While Student is Attending School

Higher Overall Cost Due to Term Length


COMPARE YOUR FINANCE OPTIONS

Learn how to compare loan options and make smart borrowing choices to minimize debt. Learn More by downloading our Free Borrowing Guide to get you started.

HOW TO APPLY

The easiest and fastest way to apply for student aid for a Certificate Program
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APPLY ONLINE

Quick

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

  • Inquiry of Credit Report
  • Security Freeze must be removed from Experian before starting application
  • Application can not be processed if a freeze is active on your credit file
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APPLY ONLINE

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
  • Payment Obligations
  • Credit Score & History
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APPLY ONLINE

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!

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The process to refinance my student…

The process to refinance my student loans with RISLA was very easy and at a rate better than anywhere else I found.

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Jacquelin
RISLA Customer
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I always get so much service

I always get so much service, understanding, and knowledgeable assistance. I am very thankful for RISLA!

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Ana
Front-end Developer, Lean Labs
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The representative I spoke with from…RISLA

The representative I spoke with from RISLA was extremely helpful, patient and kind. He made filling out the form easy. He also had a great sense of humor.

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Joy
RISLA Customer
APPLICATION DISCLOSURES

Application Disclosures | Fixed Rate Student Loan  |  Parent Loan

Terms & Conditions

  1. RHODE ISLAND ADVANTAGE applies to any Rhode Island Students attending school in any state or Non-Rhode Island Students attending a school in Rhode Island who select an Immediate Repayment loan.

  2. INTEREST RATES: Rates are for loans first disbursed on or after July 1, 2021 for the 2021/22 academic year and include 0.25% reduction for making automatic monthly payments (auto-pay feature). Each repayment option is subject to funds availability. Funds will be awarded on a first-come, first-served basis. The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms. 

  3. 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.  Rate shown includes the 0.25% interest rate reduction for using the auto-pay feature. If monthly payment is calculated to be less than $50 per month for full term, lowest payment is $50 per month with term reduced.

  4. Assumptions for Deferred Example: Equal disbursements in September and January. Fifty-four (54) months pass (48 month in-school and 6 months grace) at which time accrued interest is capitalized and a 180-month repayment term begins. Interest accrues during deferment period and is capitalized (added to) principal balance at time loan enters repayment.

2021 Award from Forbes Advisor, ©2021 Forbes Marketplace Operations, Inc.