$1,500 - $50,000 per year. This can not exceed the total Cost of Attendance (COA) minus other financial aid received.
Minimum: $1,500 - per year
Maximum: $50,000 per year
Loan amount can not exceed the total Cost of Attendance (COA) minus other financial aid received.
All RISLA Loans are credit-based with additional eligibility requirements, such as a minimum income requirement of $40,000, debt-to-income, and liquidity requirements and others.
Attend a Title IV Degree Granting School
Eligible Public or Non-Profit Institutions of Higher Education
Available to Non-Matriculating Students
* Requesting a rate will not impact your credit score.
RISLA has programs to assist when times get tough for borrowers with options for a temporary pause, monthly payment restructures, or forgiveness due to unfortunate events.
Short-term assistance to help borrowers through a temporary financial setback.
If you are a member of the military you may be entitled to SCRA Benefits on your RISLA Loan.
Can suspend or lower student loan payments temporarily, during times of financial stress.
This forgiveness benefit is applicable upon permanent disability or death of a student.
Your application can be completed online. It will approximately take 5-10 minutes involving the following:
Once approved, you can upload supporting documentation through our secure portal using a computer or mobile device, including:
Instructions will be sent to your email address. In order to complete your loan application process, you must confirm the following:
We are here to help every step of the way. Programs for Undergrads, Graduate, Certificate students and more. Download one of our e-brochures for an overview of how we can help.
RISLA's online e-brochures are free and easy to download.
Crunch the numbers with one of our helpful calculators to assist with estimates for the important decisions to be made on how you will pay for college.
Free and easy to use. Know before you owe!
They made the process very easy! I’m very happy with RISLA and will continue to use them throughout my daughter’s education.
RISLA has made the student loan process as quick, easy & painless as possible!!! Customer representatives are absolutely THE BEST EVER!!! Always professional & polite!!! It has been a pleasure to have done business with them for the last 4 years!
For my first time sending a child off to college, there was a lot of anxiety and confusion around how to help my child pay for college. I did much research and found that RISLA seemed to be the best option for me. They made the process simple to understand, easy to complete, and best of all, every time I called, I spoke with a live person. They typically responded in a very short time to questions that I had. Thank you, RISLA team, for your professionalism through the loan process.
1. 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 and RI Advantage.
2. RHODE ISLAND ADVANTAGE: 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. THE COSIGNER RELEASE PROGRAM: is not offered to Colorado, Connecticut, or Maine residents.