PREPARING

PLANNING

& PAYING

 For Your Education Journey 

COMING SOON

New Student Loan Rates For 2022/23

 

SUBSCRIBE TODAY!

to get your rate notification

PREPARING, PLANNING & PAYING

FOR YOUR EDUCATION JOURNEY.
CONSIDERING REFINANCING
YOUR STUDENT  LOANS?
SEE HOW RISLA CAN HELP.
NOW AVAILABLE
New Student Loan Rates for 2022-2023

CHECK OUT OUR NEW RATES!

IMPORTANT INFORMATION FOR FEDERAL STUDENT LOANS

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.

10-YEAR

For Students

IMMEDIATE REPAYMENT

4.99%1

WITH RI ADVANTAGE2 & AUTO-PAY


4.99% APR3

15-YEAR

For Students

DEFERRED REPAYMENT

6.74%

WITH RI ADVANTAGE & AUTO-PAY


6.49% APR

10-YEAR

For Parents

IMMEDIATE REPAYMENT

6.34%

WITH AUTO-PAY


6.34% APR

 

 

2022 SUMMER LOANS
2022 SUMMER LOANS

Thinking of taking a summer class?

Learn more about summer loans!

Thinking of taking a summer class?

Learn more about summer loans!

Ready to Start your Application?

Get start your application today!

RISLA PELL GRANT EVENT

PELL GRANT

CELEBRATES 50TH ANNIVERSARY!

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.”

WHO WE ARE

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.

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COLLEGE PLANNING
CENTER

Free service for parents and students to plan, prepare and pay for higher education.

 

 

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EDUCATION
LOANS

We offer low cost, fixed rate education loans for students and parents nationwide.

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REFINANCE
STUDENT LOANS

If you are in-school, a former student, or a parent, we offer low fixed rate refinance options.

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EMPLOYER
REPAY

A tax-free benefit for employers to contribute to the repayment of employee student loans.

NATIONAL RECOGNITION

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.

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SCHOLARSHIP OPPORTUNITIES

RISLA has two great opportunities for students seeking scholarships to help pay for college.

  • Our Knowledge For College Scholarship awards 4 - $2,000 college scholarships each month.  Visit our Knowledge for College Scholarship page to learn more and enter today!
  • RIScholarships.org is a free scholarship online tool to search through hundreds of hard-to-find local scholarships. Visit RIScholarships.org today to see if there is a good scholarship match for you.

WHAT CUSTOMERS SAY ABOUT RISLA

TRUSTPILOT_LOGO

Application DisclosuresFixed Rate Student Loan  |  Parent Loan
TERMS & CONDITIONS

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.