STUDENT LOANS

FOR UNDERGRADUATE & GRADUATE

* Requesting a rate will not impact your credit score.

GET MY RATE*
PEACE OF MIND
PEACE OF MIND

A convenient multi-year solution for bridging the financial gap.

AUTO-PAY RATE DISCOUNT
AUTO-PAY RATE DISCOUNT

With auto-pay, receive a rate reduction of 0.25% with monthly payments.

ZERO UP-FRONT FEES
NO FEES

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

REWARDS
REWARDS

Internships can earn $2,000 in student loan forgiveness. Nurses can pay zero interest on student loans for up to 4 years.

STUDENT LOANS FOR
UNDERGRADUATE & GRADUATE
RISLA, With You For The Journey.

Our goal isn’t to make a large profit at the borrower’s expense. RISLA’s non-profit education loan programs help students borrow responsibly at affordable simple interest rates. RISLA loans are available to students in all 50 states and Washington DC.

Your Future is Our Future.

RISLA believes that the future depends on the success of today’s and tomorrow’s students. RISLA is with you every step of the college journey, walking you through the college planning process, educating families on how to obtain financial aid, and providing tools that can help families make informed and responsible borrowing choices for college.

RISLA NATIONAL RECOGNITION

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EDUCATION LOAN OPTIONS
2023 - 2024 ACADEMIC YEAR
IMMEDIATE REPAY
STUDENT & COSIGNER
INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
4.40%  - 8.45%
 
APR
APR1
WITH AUTO-PAY
4.40% - 8.45%
 
UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
120 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$105 - $126
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
15 DAYS
AFTER FINAL DISBURSEMENT
COSIGNER RELEASE
COSIGNER RELEASE3
YES
ELIGIBLE FOR RELEASE AFTER ENTERING REPAYMENT.
THE FIRST 24 MONTHLY PAYMENTS NEED TO BE MADE CONSECUTIVELY AND ON-TIME. 
ADVANTAGES
ADVANTAGE
SHORTER TERM THAN DEFERRED, LOWER INTEREST RATE
DISADVANTAGES
DISADVANTAGE
PAYMENT IS REQUIRED WHILE THE STUDENT IS ATTENDING SCHOOL

 

DEFERRED REPAY
STUDENT & COSIGNER 
FIXED INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
5.99% - 8.99%
 
APR
APR
WITH AUTO-PAY
5.79% - 8.86%
 
UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
180 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$97 - $141
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
6 MONTHS
AFTER STUDENT LEAVES SCHOOL
COSIGNER RELEASE
COSIGNER RELEASE
YES
ELIGIBLE FOR RELEASE AFTER ENTERING REPAYMENT.
THE FIRST 24 MONTHLY PAYMENTS NEED TO BE MADE CONSECUTIVELY AND ON-TIME. 
ADVANTAGES
ADVANTAGE
NO PAYMENT REQUIRED WHILE IN SCHOOL
DISADVANTAGES
DISADVANTAGE
HIGHER OVERALL COST DUE TO TERM LENGTH

 

PARENTS
PARENT ONLY
FIXED INTEREST RATE
FIXED INTEREST RATE
WITH AUTO-PAY
5.74% - 8.74%

 

APR
APR
WITH AUTO-PAY
5.74 - 8.74%

 

UP-FRONT FEES
UP-FRONT FEES
NONE
STANDARD REPAY TERM
STANDARD REPAY TERM
120 MONTHS
ESTIMATED MONTHLY PAYMENT
ESTIMATED MONTHLY PAYMENT
$112 - $128
PER $10K BORROWED
REPAYMENT START
REPAYMENT START
15 DAYS
AFTER FINAL DISBURSEMENT
COSIGNER RELEASE
COSIGNER RELEASE
NO
THIS IS ONLY AVAILABLE ON STUDENT LOANS

 

 

 

ADVANTAGES
ADVANTAGE
STUDENT IS NOT OBLIGATED TO THE LOAN
DISADVANTAGES
DISADVANTAGE
HIGHER INTEREST THAN IMMEDIATE REPAY OPTION WITH STUDENT AS THE PRIMARY BORROWER
Student Loan Limits & Eligibility

LOAN LIMITS

$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.

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.

  • Attend a Title IV Degree Granting School

  • Eligible Public or Non-Profit Institutions of Higher Education

  • Available to Non-Matriculating Students 

  • Student must be a US citizen or permanent resident
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RISLA EDUCATION LOANS
START YOUR APPLICATION TODAY!

* Requesting a rate will not impact your credit score.

GET MY RATE*

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.

HOW TO APPLY

Applying for an Education Loan has never been easier or quicker.

* Requesting a rate will not impact your credit score.
GET STARTED*
NUMBER 1
APPLY ONLINE
Quick

Your application can be completed online. It will approximately take 5-10 minutes involving the following:

  • Credit Report Inquiry
  • Application can not be processed if a freeze is active on your credit file
  • Note:  We have to pull your credit report for the full application.
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 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
  • Self-Certify
  • E-Signature to complete loan application
  • Congratulations! You Did It!

TOOLS & RESOURCES

E-GUIDES

Learn more about our products and services with our educational guides to walk you through preparing, planning, and paying for college.

RISLA's online e-guides are free and easy to download.

E-BROCHURES

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.

COLLEGE SAVINGS

CALCULATORS

Crunch the numbers with 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!

HAVE A QUESTION?

You are not alone. Many students and families have questions when preparing for college. We are here help answer those questions.

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

SIGN-UP FOR OUR RISLA BLOG
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HIGHLY RECOMMEND FOR THAT PERSONAL CONNECTION

What I appreciate most, and what chose to go with RISLA easy for me, was the ability to find a phone number, call that number, and speak with a qualified representative right away every time. The processing time was in line with what was promised. This was my first private loan, and it was seamless. Also, the best rate and the immediate pay option - fantastic!

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LISA R.
RISLA Customer
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BEST PROVIDER FOR STUDENT LOANS

This year was our third and last loan with RISLA. The interest rates are the lowest, the process is extremely easy and the team is very professional.

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Deb W.
RISLA Customer
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EXCELLENT EXPERIENCE

RISLA had the best rates and the process was quick and easy - better than my large federal credit union, which I am a member of. RISLA serviced my student loans 30+ years ago and is helping my kids be able to attend the colleges they want.

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Darlene S.
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.

LEARN MORE
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.

LEARN MORE
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.

LEARN MORE
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.

LEARN MORE
Fixed Rate Student Loan  |  Parent Loan

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.