MULTI-YEAR PROGRAM

BRIDGING THE FINANCIAL GAP FOR COLLEGE

RISLA offers more convenient ways to help pay for college.

MULTI-YEAR PEACE OF MIND

Making it easy to pay for college.

Most college degrees aren't achieved after just one year. So when you need to borrow for more than one year of school, we've got you covered. All the work is done with your first application. For year two and beyond, it is as easy as telling us the amount needed for each subsequent year.

We will let you know if you qualify for the multi-year program. If we do, you simply need to tell us the amount needed and repayment term option you prefer (deferred or immediate repayment) and we'll do the rest.
 
It's that easy!
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MULTI-YEAR PROGRAM BENEFITS
EASY PROCESS

EASY PROCESS

The hard part is done! You have already submitted an application!
NO IMPACT TO CREDIT

NO IMPACT TO CREDIT

There is no impact to your credit score unless there has been modifications to income, credit, or cosigner.
LONG TERM PLAN

LONG TERM PLAN

You now can renew your immediate of deferred student loan (or switch to the other payment option) every year.
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CONFIRM YOUR RENEWAL

Renew your student loan application today.

ELIGIBILITY

If you have been previously notified that you qualified for the Multi-Year Program and would like to renew your application, here is a list of eligibility requirements.

Multi-year qualification is not guaranteed and cannot be extended if using a different cosigner.

Questions? Contact RISLA at 800-758-7562 or email usand a representative would be happy to assist you.

  • Both borrower's and cosigner's income, credit scores, and other key credit eligibility factors must be consistent or  improved since initial application.

  • If you had a cosigner, for the initial application, that same cosigner must also be on the renewal application.

  • Per borrower ($150,000) and per family ($175,000) loan amount limitations still apply.

  • Multi-Year qualification is not guaranteed.

RISLA PRODUCTS & SERVICES
COLLEGE PLANNING CENTER

Students and families can be overwhelmed with planning and how to pay for college.  We have experienced counselors that offer one on one assistance helping families understand all their options start to finish.

EDUCATION LOANS

We have been offering low cost, fix rate education loans for almost 30 years.  Helping students and families borrower responsibly to help achieve their higher education dreams.

REFINANCE

Refinancing may help you simplify and save when repaying student loans.  Combining outstanding balances, and securing a low interest rate with RISLA may reduce your overall repayment amount and possibly your monthly payment.

EMPLOYER REPAY

Employer Student Loan Repayment assistance is a tax-free benefit allowing employers to contribute towards the repayment of employee student loans.  This newest in-demand employee benefit helps reduce financial stress for employees while increasing retention and loyalty to employers.