For Your Education Journey
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
Start your application for your summer education loan today.
RISLA been providing students and families with assistance to responsibly obtain financing to help make post-secondary education more accessible and affordable for over 29 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.
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.
RISLA has two great opportunities for students seeking scholarships to help pay for college.
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. 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.
2021 Award from Forbes Advisor, ©2021 Forbes Marketplace Operations, Inc.