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Student Loan Refinancing Programs


Rates Starting at 3.99% APR1,2
Simplify your student loans. Save more over time.

RISLA offers student loan refinancing nationwide with low fixed rates, no fees, and additional discounts when eligible.

How Student Loan Refinancing Can Help

Looking for a reliable and affordable way to finance your education? Look no further than our non-profit lending service! With nationwide coverage, we offer low rates, flexible terms, and zero fees to ensure you get the support you need to succeed. 

RI Advantage


RI Advantage is an exclusive interest rate discount for qualified education loans for Rhode Island residents at any school or non-Rhode Island resident students at a school in Rhode Island.  

While Still in School


Refinance while still attending school to reduce your interest rate on loans currently accruing interest costs.  No payments are due until 6 months after leaving school.

Repaying Loans


Refinancing can be a better way to repay your student loans.  By reducing your interest rate, you can save the overall cost of repayment and possibly lower your monthly payment.

Parents


For parents who have a high-cost PLUS or private loan, reducing your interest rate can possibly save you thousands in the overall cost of repayment.

NerdWallet

RISLA is nationally recognized by NerdWallet as the 2024 Best of Awards for Best Student Loan Refinancing. RISLA provides fixed, low interest rates nationwide for students, graduates, or parents.

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

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Why choose RISLA?

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LOW INTEREST RATES

Now is the right time to research your student loan options. Compare and save!

FAST & EASY APPLICATION

Your time is valuable. Check your rate in just minutes. We strive to provide you with low rates to help you pay off your debt more quickly.

NO FEES

No application fees, origination fees, late fees, or insufficient funds fees.

BORROWER PROTECTIONS

Our borrower protections go above and beyond what most private lenders offer, including Income-Based Repayment.

Payments Options that Work for You.

With RISLA, we will help you simplify your student loan refinancing, save money, and choose the term that works best for you.

Student Loan Refinance Rates

For students currently enrolled in school or no longer attending.

Fixed Interest Rates


 

0

APR


Annual Percentage Rate

8

Estimated Monthly Payments


Based on $10,000 Borrowed

8

Total Payments


Principle Plus Interest

8

Pay Now

5-Year | 60 Payments

3.99% - 7.89%
3.99% - 7.89%
$185 - $203
$11,048 - $12,135

10-Year | 120 Payments

4.74% - 7.99%
4.74% - 7.99%
$105 - $122
$12,576 -$14,553
15-Year | 180 Payments
4.99% - 8.04%
4.99% - 8.04%
$80 - $96
$14,224 - $17,244
Pay Later
15-Year | 180 Payments
5.99% - 8.99%
5.79% - 8.54%
$107 - $141
$9,116 - $15,346

Note: To be eligible for the Pay Later program, the student must currently be enrolled in school at least half-time.

Additional Benefits for All Loan Programs Include: Zero Fees and Cosigner Release3

Refinancing your student loan is easy.

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

Speak with our refinance loan specialist to answer your questions at 866-268-9419.

1
Get Pre-Qualified

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

2
Confirm Your Rate & Term

Compare loan rates and terms to find one that fits your budget, potentially lowering your monthly payments or total interest.

3
E-Sign Your Loan

To confirm your acceptance of the loan, please complete your e-signature. The loan will be approved once this process is completed.

Refinancing Parent PLUS Loans
Consider refinancing your PLUS loans for savings when financing your child's education.
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Benefits of Refinancing Parent PLUS Loans

No Fees

Reduce Total Interest Costs

Get a Lower Interest Rate

Combine Multiple Loans

PLUS loans can be more expensive than private parent loans. Our refinance specialist can help you find the best rates and terms to save when refinancing your parent loans. Call us with your questions.

Call Us Today 866-268-9419

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Refinance Calculator

Should you refinance your student loans?

Let the savings number help you decide.  Try out our refinance calculator, which can help you determine how much you can save with a lower interest rate or different loan term (as borrowers typically do NOT see a savings if the term is shorter); and when refinancing your student loans.

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Considering a Cosigner

What should you know?

Refinancing your student loans with a cosigner can be an excellent way to obtain a lower interest rate or meet a lender's eligibility requirements if you're facing difficulties on your own. Keep in mind that your co-signer will share responsibility if repayment becomes an issue. Having a conversation beforehand is beneficial before starting the application process.

    What customers are saying about RISLA

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    Contact Our Refinance Loan Specialist

    RISLA is here to help answer your questions.

    We'd be delighted to help you with your application and find ways to save money with your student loans.

    Immediate Refinance Disclosure | Deferred Refinance Disclosure

    1. THE ANNUAL PERCENTAGE RATE (APR): 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 is for a 5-year term with RIAdvantage and include the 0.25% interest rate reduction for using the auto-pay feature. If the monthly payment is calculated to be less than $50 per month for the entire 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 (immediate repayment ranging from 3.99% – 8.04% APR with auto-pay), (deferred repayment ranging from 5.99% – 8.99% APR with auto-pay) is based on the term of the loan, if the loan is cosigned (which lowers your rate),  your credit score & financial history, your cosigner's credit score (if applicable), and other factors. The first payment will be due approximately 30 days after the loan is completely disbursed (immediate repayment) or following the 6-month grace period after you leave school (deferred repayment). The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms.

    2. RIADVANTAGE DISCOUNT: This 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: This is not offered to residents of Colorado, Connecticut, Maine, Nevada, and Washington, D.C.