Multi-Year Solution
Zero Fees
Reward Programs
Income-Based Repayment
Repayment Flexibility
Borrower Protections
RISLA has been providing students and families with assistance to responsibly obtain financing to help make post-secondary education more accessible and affordable for over 40 years. RISLA is a non-profit agency offering college planning services, low-cost student loans, scholarships, and student refinancing options to students and families nationwide.
We are with you every step of the way on your education journey.
Free service for parents and students to plan, prepare and pay for higher education.
If you are in-school, a former student, or a parent, we offer low fixed rate refinance options.
As a state-based non-profit private lender, RISLA loans are not eligible for any federal student loan forgiveness. To learn more about the plan for federal student loan relief or any details of your federal loans, please contact your federal loan servicer and/or click on the links below
RISLA IS GIVING AWAY $2,000 COLLEGE SCHOLARSHIPS TO STUDENTS
1. INTEREST RATES: Rates are for loans first disbursed on or after July 1, 2023, for the 2023/24 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.
2. 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. If a monthly payment is calculated to be less than $50 per month for full term, the lowest payment is $50 per month with term reduced.
3. 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.