Return to Federal Student Loan Repayment - Providing essential updates and information.

REFINANCE LOANS

REFINANCE, SIMPLIFY, AND SAVE.

Why pay back more than you have to?

REPAYMENT OPTIONS
REPAYMENT OPTIONS

IMMEDIATE or DEFERRED refinancing is for students in-school, out of school, or parents.

RATE DISCOUNT
RATE DISCOUNT

0.25% Interest rate reduction when you make automatic monthly payments.

ZERO UP-FRONT FEES
ZERO UP-FRONT FEES

No application, origination, or upfront fees of any kind.

BORROWER PROTECTIONS
BORROWER PROTECTIONS

When things don't go as planned, RISLA has your back.

REFINANCE LOANS FOR
STUDENTS & PARENTS
Finding a better way to repay.

Whether you are an enrolled student still in school, a former student, or a parent, there are multiple benefits from refinancing your loans.  By combining multiple loans into one refinanced loan, you may be able to lower your interest rate, lower your total required monthly payment, add/remove a cosigner, and/or make only one monthly payment to one servicer!  Simplify AND Save!

RISLA NATIONAL RECOGNITION

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Refinancing Education Loans

RISLA has two options, pay now or pay later.

 
IMMEDIATE REFINANCING
Are you Ready to Get Your Rate?
Rate Requests will have no impact on credit score.
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IMMEDIATE REFINANCING
Start Your Application Today
Online application is quick, easy and secure.
 
DEFERRED REFINANCING
Are you Ready to Get Your Rate?
Rate Requests will have no impact on credit score.
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DEFERRED REFINANCING
Start Your Application Today
Online application is quick, easy and secure.
RISLA-SocialMedia-Avatar_WHITE_CLOSEUPREFINANCE LOAN OPTIONS

 

For Students

IMMEDIATE REFINANCING

You can begin repayment now, why not with a lower interest rate and possibly save thousands with an affordable monthly payment that fits your budget.

DEFERRED REFINANCING (IN-SCHOOL)

You can lower your student loan interest rates while still in school and no payments are due until 6 months after leaving school.

For Parents

IMMEDIATE REFINANCING

Parents have the opportunity to lower interest rates and possibly save thousands by refinancing high cost Federal PLUS and/or private loans currently in repayment. The immediate repay refinance has the option to add your student to the loan obligation, but it is not required.

DEFERRED REFINANCING (IN-SCHOOL)

Students must be obligated on the loan. As a parent cosigning for this refinancing loan, both you and your student share the debt obligation and do not begin repayment until 6 months after the student leaves school.

REFINANCING OPTIONS

IMMEDIATE REPAY
IMMEDIATE REFINANCE 
DEFERRED REPAY
IN-SCHOOL REFINANCE 
Student Loan Limits & Eligibility

LOAN LIMITS

Loan limits for refinancing educational loans must meet the following requirements.

  • Minimum:  $7,500 - per year

  • Maximum: Up to  $250,000 (based upon level and discipline of degree)

LOAN ELIGIBILITY

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.

This loan program is available to undergrad and graduate students, as well as parent borrowers. Educational loans must have been used for attendance at eligible Title IV degree-granting (for-profit schools excluded) institutions in the United States. 

Institutional Loans (loans originated by a college or university) are not eligible to be refinanced with RISLA.

 

 

  • Student must be a US citizen or permanent resident
  • Pass a credit check.

  • Meet additional credit-related eligibility requirements.

WE'VE GOT YOU COVERED.

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.

GET READY TO REFINANCE WITH THESE EASY STEPS

NUMBER 1

APPLY ONLINE

Quick

Your application can be completed online.

  • Takes 5-10 Minutes to Complete Application
  • Requires Credit Check for Application Processing
NUMBER 2

UPLOAD DOCUMENTS

Safe

Once approved, you can upload supporting documentation through our secure portal using a computer or mobile device, including:

  • Valid Identification
  • Social Security Number
  • Employment & Income Verification
  • Bank Account & Asset Information
NUMBER 3

E-SIGN YOUR LOAN

Secure

Instructions will be sent to your email address. In order to complete your loan application process you must confirm the following:

  • Received Confirmation Email
  • Accept Your Loan
  • E-Signature to complete loan application
  • Congratulations! You Did It!
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QUESTIONS ABOUT REFINANCING?

Learn more about refinancing your student loans.

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RISLA NEWS!
Learn more on how to plan, prepare, and pay for college.

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I WAS LOOKING FOR

a low-interest loan, and this is the place. There were no hassles during this process. It was smooth and easy.

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Joan B.
RISLA Customer
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GREAT OPTION TO REFINANCE STUDENT LOANS

We were in the market to refinance our parent student loan due to recent interest rate hikes. RISLA was extremely competitive with fixed rates, and the application process online was easy to follow. All necessary documents could be uploaded, and the loan was approved quickly. You can check the status of the loan anytime online. Email contacts with customer service were answered promptly. Overall, it was a great experience.

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Ann C.
RISLA Customer
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GREAT CUSTOMER SERVICE

I had been struggling to find a company to refinance my private student loans. With RISLA I was able to lower my payment by extending my loan period an extra 5 years, drop my interest rate by nearly 6%, and save literally tens of thousands of dollars on interest over the life of my loan.

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JACQUI C.
RISLA Customer
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.

Immediate Refinance Disclosure | Deferred Refinance Disclosure

1. THE ANNUAL PERCENTAGE RATE (APR) IMMEDIATE REPAY: 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. Rates shown 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 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 6.34% – 8.24% 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 (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. 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. 

2. THE ANNUAL PERCENTAGE RATE (APR) - Undergraduate DEFERRED REPAY:
Reflects the estimated total cost of the loan, including upfront fees ($0), accruing interest, and the effect of capitalized interest.  Interest begins accruing after each loan disbursement. Rates shown 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 a 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 7.30% - 8.52% APR with auto-pay) is based on the term of the loan, if  you are a Rhode Island resident or go to school in Rhode Island (which lowers your rate), your credit score & financial history, your cosigner's credit score (if applicable), and other factors.  APR for Graduate student loan refinancing may differ. The rates and terms disclosed above are available while funds last. New funds may be subject to different rates and/or terms.