Fixed rate loans with autopay

3.49% - 8.14% APR (1)

(3.74% - 8.39% without autopay)


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Note: Completing a pre-qualification will have no impact on your credit score.

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IMPORTANT NOTICE: You may not want to refinance your federal loans at this time as the federal government is considering a temporary elimination of interest charges on federal loans.

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. 


Benefits of Refinancing Student Loans with RISLA

When you choose RISLA, you get first class customer service and access to low fixed rate refinance loans with no upfront fees. 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 amounts vary by highest degree earned)
  • RISLA will forgive all or a portion of a refinance loan which represents the remaining amount of the loan relating to the student who benefited from the proceeds and who has become permanently disabled or dies. For the purpose of this program, medical conditions that existed prior to refinancing do not qualify for loan forgiveness (2).
  • Borrowers who re-enter graduate school after refinancing may qualify for deferment on their RISLA Refinance Loan. (3)
  • Please note that Federal student loans provide certain benefits that will be lost if you refinance your Federal student loans. For more information on Federal student loan benefits please click here.


Call 866-268-9419 to speak with a RISLA Refinance Loan specialist now. No automated phone lines. 

Loan Eligibility

  • Eligible loans may have been used at a college located in any state
  • Borrower may reside in any state
  • Eligible loans 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 


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How to Apply

Step 1
Complete the Online Application
Simply complete the online application as instructed.
Step 2
Upon pre-approval, you can upload your supporting documentation through our secure website. 
Step 3
E-sign your loan
Follow the instructions you receive in your email to accept your loan, self-certify, and e-sign your application.

Student Loan Refinancing Guide

Not sure if refinancing is right for you? 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) 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. Interest begins accruing at final disbursement. Minimum monthly payment cannot be below $50.00. Rates shown include a 0.25% discount for paying via automatic monthly payments.  Not all borrowers qualify for the lowest rate. The rate you will receive is 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. First payment will be due approximately 30 days after the loan is disbursed. View application disclosure

(2) Total and Permanent Disability means that a borrower is unable to engage in any substantial gainful activity by reason of a medically determinable physical or mental impairment that (1) can be expected to result in death; or (2) has lasted for a continuous period of not less than 60 months; or (3) can be expected to last for a continuous period of not less than 60 months. This program is limited to the student who benefited from the original loan proceeds that were refinanced. To qualify for the conditional discharge (except for certain veterans described below) borrower must provide documentation from their Federal Loan Servicer showing that they have been granted a 3 year conditional discharge of their Federal Loans. If they don’t have Federal Loans the borrower must complete a RISLA physician’s certificate form whereby the physician will certify that the borrower has a total and permanent disability. At the end of the three year monitoring period, the loan will be forgiven and a 1099C will be sent for the next tax year. Veterans will be considered totally and permanently disabled for purposes of the discharge if they provide documentation form the US Department of Veterans Affairs (VA) showing they have been determined to be unemployable due to a service-connected disability. Veterans discharge loans do not go through a 3 year waiting period.  The loan will be written off and a 1099C will be sent out for the next tax year.

(3) To be eligible, borrower must be enrolled at least half time. Borrower must contact RISLA to notify us of enrollment. Borrower must make one payment before a deferment can be granted. Maximum deferment time is 36 months for graduate students. RISLA Refinance Loans are not eligible for a grace period.