• Simplify Life by Refinancing
  • Put money back in the bank
  • Lower your monthly payment

If you have college loans for your own or your child’s education, then you are probably counting down the days until they are paid off. RISLA offers a college loan refinancing program to help make repaying your education loans easier. Even if you don't live in Rhode Island or didn't go to school in Rhode Island, you can still apply for this low fixed rate savings solution. 

Fixed rate loans with autopay

3.49% - 7.64% APR (1)

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Benefits of Refinancing with RISLA

When you choose RISLA, you get first class customer service and access to some of the lowest education refinance loan rates in the country. Refinancing can save you hundreds - or even thousands - of dollars in interest charges. 

With RISLA, you will also get these great benefits:

  • Reduce your interest rate, monthly payment amount, or both
  • Choose a 5, 10, or 15-year term
  • Simplify life by combining your education loans into one easy-to-manage monthly payment
  • Pay zero upfront fees
  • Receive a 0.25% interest rate reduction for making monthly payments by auto-debit
  • Pay off your loan early without any penalties
  • Get a credit decision in just a few minutes 
  • Refinance between $7,500 and $250,000 (max amount depends on highest degree earned by student)

Loan Eligibility

  • Eligible loans may have been used at a college located in any state
  • Borrower may reside in any state
  • Eligible loans must be in a repayment status and must have been used for education purposes
  • Eligible loans may include private education loans, parent PLUS loans, Stafford loans, and subsidized and unsubsidized direct student loans
  • Refinancing borrower must be an obligated party on the loan(s) which is/are being refinanced 
  • Borrowers must pass a credit check and meet other eligibility requirements
  • To qualify for a RISLA Refinance Loan, borrowers residing at the same address must make a combined income of at least $40,000 a year. For borrowers living at separate addresses, at least one of the borrowers must make $40,000 individually 


What our customers say about refinancing

To read full reviews, please visit RISLA's TrustPilot page

Refinancing Guide

Not sure if refinancing is right for your individual situation? Download our refinancing guide and learn about the benefits (and potential disadvantages) of refinancing and whether it's best for you. 

Download Guide


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See our most frequently asked questions about refinancing. 

View FAQ

(1) Rates reflected include 0.25% discount for paying via automatic monthly payments (ACH). Rates are subject to change at any time.  Not all borrowers qualify for lowest rate. The rate you will receive will be based on the term of the loan, if the loan is cosigned, your credit score & financial history, your cosigner's credit score (if applicable) and other factors. The Annual Percentage Rate (APR) reflects the accruing  interest, the effect of capitalized interest, and making equal payments over the term of the loan. Minimum monthly payment is $50.00.  Loan enters repayment at final disbursement. First payment will be due approximately 30 days after the loan is disbursed. View application disclosure