
STUDENT DEBT
RELIEF PLAN

ONE-TIME
STUDENT LOAN RELIEF

PAUSE PAYMENT
EXTENDED

INCOME DRIVEN REPAYMENT
ACCOUNT ADJUSTMENT

DEPT. OF EDUCATION
SCAM PROTECTION

For Your Education Journey
Start your application for your summer education loan today.
As a State-based, non-profit private lender, RISLA loans are not eligible for the recently announced federal student loan forgiveness or updated COVID-19 loan payment pause program. To learn more about the Biden Administration's federal student loan forgiveness or COVID-19 student loan payment pause program please click on the links below.
Department of Education also cautions borrowers to be aware of scams. Learn More.
4.99%1
WITH RI ADVANTAGE2 & AUTO-PAY
4.99% APR3
6.74%
WITH RI ADVANTAGE & AUTO-PAY
6.49% APR
6.34%
WITH AUTO-PAY
6.34% APR
Thinking of taking a summer class?
Learn more about summer loans!
Learn more about summer loans!
Get start your application today!
As a State-based, non-profit private lender, RISLA loans are not eligible for the recently announced federal student loan forgiveness or updated COVID-19 loan payment pause program. To learn more about the Biden Administration's federal student loan forgiveness or COVID-19 student loan payment pause program please click on the links below.
RISLA 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 the recently announced federal student loan forgiveness or updated COVID-19 loan payment pause program. To learn more about the Biden Administration's federal student loan forgiveness or COVID-19 student loan payment pause program please click on the links below.
RISLA was proud to have co-led this event to recognize and celebrate the direct benefits Pell Grants offer students who need financial assistance to pursue higher education. A great highlight included the following statistic shared by Senator Reed’s office.
“Last year, 23,752 Rhode Island students received more than $96.9 million in Pell Grants, and nationwide over 6.35 million American students utilized $26.45 billion in Pell Grant funding to help pay for college.”
RISLA has two great opportunities for students seeking scholarships to help pay for college.
Forbes Advisor ranked RISLA as having one of the best education loan programs in the country. Recognizing that for decades RISLA’s fixed rate education loan programs are among the most affordable of any in the nation.
1. INTEREST RATES: Rates are for loans first disbursed on or after July 1, 2022, for the 2022/23 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. 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 or Deferred Repayment loan.
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. 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.
2021 Award from Forbes Advisor, ©2021 Forbes Marketplace Operations, Inc.
2022 recognition from Forbes Advisor, ©2022 Forbes Media LLC.