$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.
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
* Requesting a rate will not impact your credit score.
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.
Short-term assistance to help borrowers through a temporary financial setback.
If you are a member of the military you may be entitled to SCRA Benefits on your RISLA Loan.
Can suspend or lower student loan payments temporarily, during times of financial stress.
This forgiveness benefit is applicable upon permanent disability or death of a student.
Your application can be completed online. It will approximately take 5-10 minutes involving the following:
Once approved, you can upload supporting documentation through our secure portal using a computer or mobile device, including:
Instructions will be sent to your email address. In order to complete your loan application process, you must confirm the following:
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.
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!
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.
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.
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.