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Student Loans

Starting as Low as

2.99% APR^1,2

Nationally Recognized as One of the Best Student Loans.

RISLA offers a fast and easy application process for low-cost loans, all backed by highly rated personalized customer service. RISLA student loans are available to students and parents nationwide.

NerdWallet

RISLA is nationally recognized by NerdWallett as the 2024 Best of Awards for Best State Private Student Loans. RISLA provides fixed, low interest rates nationwide for graduates, students, and parents.

©2017-2024 and TM, NerdWallet, Inc. All Rights Reserved.

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What to Expect When Choosing RISLA

We are here to save you time and money.

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Up to 100% Costs Covered

This can include school-certified costs such as tuition, housing, books, etc. Annual and aggregate loan limits apply.

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No Fees

No application fees, origination fees, or late fees.

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Stress Free & Easy

Your request for a rate is available in minutes. Provide a few details to complete the application and securely upload your documents.

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Five Star Customer Service

Our loan experts are available to answer your questions directly without any recordings. Borrowing responsibly has never been easier.

What is RI Advantage?

RI Advantage is a student loan rate discount available to all Rhode Island residents attending school anywhere in the country. This rate discount also applies to any student applying for student loans at the following institutions, regardless of residency.

Brown University

Bryant University

Community College of Rhode Island

Johnson & Wales University

New England Institute of Technology

Providence College

Rhode Island College

Rhode Island School of Design

Roger Williams University

Salve Regina University

University of Rhode Island

Student Loan Rates

2025 - 2026 Academic Year

Requesting a rate will not impact your credit score.

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5-Year

Immediate Repayment

Lowest Overall Cost

Shorter term, higher monthly payment.

Fixed Interest Rate

2.99% - 8.39%

APR

2.99% - 8.39%

Term Length

60 Months

Estimated Monthly Payment

Per 10K Borrowed

$181 - $209

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10-Year

Immediate Repayment

Lower Cost Option

Popular alternative to parent loans.

Fixed Interest Rate

4.49% - 8.39%

APR

4.49% - 8.39%

Term Length

120 Months

Estimated Monthly Payment

Per 10K Borrowed

$105 - $126

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15-Year

Deferred Repayment³

No Payments in School

Interest accrues during deferral.

Fixed Interest Rate

5.99% - 8.74%

APR

5.79% - 8.32%

Term Length

180 Months

Estimated Monthly Payment

Per 10K Borrowed

$107 - $138

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10-Year | Parent

Immediate Repayment

Student Not Obligated

Payment required while in school.

Fixed Interest Rate

5.99% - 8.49%

APR

5.99% - 8.49%

Term Length

120 Months

Estimated Monthly Payment

Per 10K Borrowed

$113 - $127

What to Expect When Choosing RISLA

We are here to save you time and money.

noun-right-5413093-F67637

Up to 100% Costs Covered

This can include school-certified costs such as tuition, housing, books, etc. Annual and aggregate loan limits apply.

noun-right-5413093-F67637

No Fees

No application fees, origination fees, or late fees.

noun-right-5413093-F67637

Stress Free & Easy

Your request for a rate is available in minutes. Provide a few details to complete the application and securely upload your documents.

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Five Star Customer Service

Our loan experts are available to answer your questions directly without any recordings. Borrowing responsibly has never been easier.

Borrower Benefits & Protections

Looking for a student loan that meets your current and future needs?

Look no further. RISLA is a non-profit organization that lends to students and families nationwide. In addition to offering low rates, RISLA provides extra benefits and borrower protections to assist throughout your journey. So why wait? Apply today and start investing in your future!

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Income-Based Repayment

This program can offer assistance during financial hardships during repayment.

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Military Benefits

Military members may qualify for SCRA benefits with a RISLA loan.

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Payment Forbearance

Can temporarily suspend or lower student loan payments during financial stress.

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Unfortunate Incident

This forgiveness benefit applies in the event of the student’s permanent disability or death.

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Multi-Year Approval

A multi-year program aimed at providing a convenient solution for making future college loans even easier.

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Auto-Pay Discount

Enrolling in autopay will reduce your interest rate by 0.25% when you enter repayment.

DOWNLOAD FORM >

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Cosigner Release⁴

Having a cosigner, such as a parent, can enhance your chances of approval at a lower rate.

DOWNLOAD FORM >

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Rewards Program

Internship rewards up to $2,000. Nursing rewards include no interest for four years.

Student Loan Borrowing Limits

How much should you borrow for college?

It is advisable to borrow only the necessary amount to cover your educational expenses. The more you borrow now, the greater the student loan debt and interest you will have to repay later. To determine the right amount for a student loan, calculate your financial need after grants, scholarships, and aid have been deducted from your total cost of attendance.

Minimum of $1,500

Per Academic Year

Maximum of $50,000

Per Academic Year

Loan Amount

It cannot exceed the total Cost of Attendance (COA) minus any other financial aid received.

Consider When Borrowing

Here are several factors to consider when deciding how much to borrow:

Tuition & Fees
Room and Board
Text Books
School Supplies & Technology Cost

Student Loan Eligibility

Are you eligible for student loans?

All RISLA loans are based on credit and have additional eligibility requirements.

Must Enroll in an Approved School or Program.

A Title IV Degree-granting school.
Public or non-profit institutions of higher education.
Must be enrolled at least half-time

Must Satisfy Credit and Income Criteria.

Subject to credit check.
Documentation of income.

May Require a Cosigner

Loan approval might not require a cosigner. However, having a cosigner can result in a lower interest rate.

Age Requirements

Students must be 18 by December 31, 2025, to qualify for RISLA student loans.

Must be a U.S. Citizen or Eligible Non-Citizen

Both the borrower and the cosigner must be U.S. citizens or permanent residents holding a non-conditional green card.

Applying for your student loan is easy.

Our team of student loan specialists is available to answer any questions you may have about your online application.

Speak with our student loan specialist to answer your questions at 800-758-7562

START YOUR APPLICATION >

1

Get Pre-Qualified

Getting your rate is quick and easy without impacting your credit score!

2

Confirm Your Rate & Term

Compare rates and terms to choose a loan that fits your budget. This may lower your monthly payment or reduce the total interest paid over time.

3

E-Sign Your Loan

Confirm your acceptance of the loan by completing your e-signature. The loan will be approved after this process is completed.

We are with you for the journey.

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College Planning

A free service aimed at helping students achieve their goal of attending college and paying for it. The CPC assists thousands of students and families each year in planning for higher education.

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Scholarship Hub

Check out how to prepare for college—access free tools and resources. Find local scholarships for college, and parents and students can enter to win $2,000 in college scholarships!

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Refinancing

With our refinancing options, you can enjoy the benefits of low fixed interest rates, no fees, and an auto-pay discount. Take advantage of this opportunity to save money and simplify your finances.

APPLICATION DISCLOSURES

Fixed-Rate Student Loan | Parent Loan

1. STUDENT LOAN ANNUAL PERCENTAGE RATE (APR) - IMMEDIATE REPAY: 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 is for a 5-year loan, including the 0.25% interest rate reduction for using the auto-pay feature and RI Advantage Discount.

2. RI ADVANTAGE DISCOUNT: applies to any Rhode Island resident students attending school in any state or non-Rhode Island resident students attending a school in Rhode Island.

3. REFINANCE LOAN: Reflects the estimated total cost of the loan, including upfront fees ($0), accruing interest, and the effect of capitalized interest ($0). Interest begins accruing after each loan disbursement. The rate shown includes the 0.25% interest rate reductions for using the auto-pay feature. If the monthly payment is calculated to be less than $50 per month for the full term, the lowest payment is $50 per month with the term reduced. Not all borrowers qualify for the lowest rate. The rate you will receive (ranging from 3.99% – 8.04% APR with auto-pay) is based on the term of the loan, if the loan is cosigned (which lowers your rate), if you are a Rhode Island resident or for qualified loans for attending a college or university in Rhode Island (which lowers your rate), your credit score & financial history, your cosigner's credit score (if applicable), and other factors. The rate shown is for a 5-year term, with a cosigner. The first payment will be due approximately 30 days after the loan is completely disbursed. The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms.