Skip to main content
iStock-2172434754_1400X800_O
Student Loans

Starting as Low as

2.99% APR1,2

Nationally Recognized as One of the Best Student Loans.

RISLA offers a fast and easy application process for low-cost loans, all backed by highly rated personalized customer service. RISLA student loans are available to students and parents nationwide.

GET STARTED >

Customer Feedback

 

TRUSTPILOT_LOGO

Very Good Rates

Clear underwriting process all online, promised initial rate was the actual final rate, no bait and switch.

Kim

RISLA Customer
This image is missing an alt tag

NerdWallet

RISLA is nationally recognized by NerdWallett as the 2024 Best of Awards for Best State Private Student Loans. RISLA provides fixed, low interest rates nationwide for graduates, students, and parents.

©2017-2024 and TM, NerdWallet, Inc. All Rights Reserved.

NW_BEST_STATE_BASED_PRIVATE_LOANS_HZT_GREEN
FORBES_ADVISOR_01-1
YAHOO.COM_06
INVESTOPEDIA_02
WSJ_04-1
NERDWALLET_04-3
BANKRATE_03

What to Expect When Choosing RISLA

 We are here to save you time and money.
noun-right-5413093-F67637

Up to 100% Costs Covered

This can include school-certified costs such as tuition, housing, books, etc. Annual and aggregate loan limits apply.

noun-right-5413093-F67637

No Fees

No application fees, origination fees, or late fees.

noun-right-5413093-F67637

Stress Free & Easy

Your request for a rate is available in minutes. Provide a few details to complete the application and securely upload your documents.

noun-right-5413093-F67637

Five-Star Customer Service

Our loan experts are available to answer your questions directly without any recordings. Borrowing responsibly has never been easier.

What is RI Advantage?

RI Advantage is a student loan rate discount available to all Rhode Island residents attending school anywhere in the country. This rate discount also applies to any student applying for student loans at the following institutions, regardless of residency:

Brown University
Bryant University
Community College of Rhode Island
Johnson & Wales University
New England Institute of Technology
Providence College
Rhode Island College
Rhode Island School of Design
Roger Williams University
Salve Regina University
University of Rhode Island

Student Loan Rates

2025 - 2026 Academic Year

Requesting a rate will not impact your credit score.
noun-right-5413093-F67637-1

5-Year

Immediate Repayment

Lowest Overall Cost
Shorter term, higher monthly payment.
Fixed Interest Rate

2.99% - 8.39%

APR

2.99% - 8.39%

Term Length

60 Months

Estimated Monthly Payment
Per 10K Borrowed

$181 - $209

GET MY RATE >
noun-left-5413140-F67637-1

10-Year

Immediate Repayment

Lower Cost Option
Popular alternative to parent loans.
Fixed Interest Rate

4.49% - 8.39%

APR

4.49% - 8.39%

Term Length

120 Months

Estimated Monthly Payment
Per 10K Borrowed

$105 - $126


 

GET MY RATE >
noun-right-5413093-F67637-1

15-Year

Deferred Repayment3

No Payments in School
Interest accrues during deferral.
Fixed Interest Rate

5.99% - 8.74%

APR

5.79% - 8.32%

Term Length

180 Months

Estimated Monthly Payment
Per 10K Borrowed

$107 - $138

GET MY RATE >
noun-left-5413140-F67637-1

10-Year | Parent

Immediate Repayment

Student Not Obligated
Payment required while in school.
Fixed Interest Rate

5.99% - 8.49%

APR

5.99% - 8.49%

Term Length

120 Months

Estimated Monthly Payment
Per 10K Borrowed

$113 - $127

GET MY RATE >

Borrower Benefits & Protections

Looking for a student loan that meets your current and future needs?

Look no further. RISLA is a non-profit organization that lends to students and families nationwide. In addition to offering low rates, RISLA provides extra benefits and borrower protections to assist throughout your journey.  So why wait? Apply today and start investing in your future!

noun-pay-day-4787903-F67637

Income-Based Repayment

This program can offer assistance during financial hardships during repayment.

LEARN MORE >
noun-military-6565233-F67637

Military Benefits

Military members may qualify for SCRA benefits with a RISLA loan.

LEARN MORE >
noun-pause-2209804-F67637

Payment Forbearance

Can temporarily suspend or lower student loan payments during financial stress.

LEARN MORE >
noun-exclamation-5953098-F67637

Unfortunate Incident

This forgiveness benefit applies in the event of the student’s permanent disability or death.

LEARN MORE >
noun-approval-6831484-F67637

Multi-Year Approval

A multi-year program aimed at providing a convenient solution for making future college loans even easier.

LEARN MORE >
noun-low-interest-rate-370710-F67637

Auto-Pay Discount

Enrolling in autopay will reduce your interest rate by 0.25% when you enter repayment.
DOWNLOAD FORM >
noun-signature-3589189-F67637-1

Cosigner Release4

Having a cosigner, such as a parent, can enhance your chances of approval at a lower rate.

DOWNLOAD FORM >
noun-price-tag-4349566-F67637

Rewards Program

Internship rewards up to $2,000. Nursing rewards include no interest for four years.

LEARN MORE >

Student Loan Borrowing Limits

How much should you borrow for college?

IIt is advisable to borrow only the necessary amount to cover your educational expenses. The more you borrow now, the greater the student loan debt and interest you will have to repay later. To determine the right amount for a student loan, calculate your financial need after grants, scholarships, and aid have been deducted from your total cost of attendance.

Minimum of $1,500

Per Academic Year

Maximum of $50,000

Per Academic Year

Loan Amount
It cannot exceed the total Cost of Attendance (COA) minus any other financial aid received.

 

Consider When Borrowing

Here are several factors to consider when deciding how much to borrow:  

  • Tuition & Fees
  • Room and Board
  • Text Books
  • School Supplies & Technology Cost

Student Loan Eligibility

Are you eligible for student loans?

All RISLA loans are based on credit and have additional eligibility requirements.

Must Enroll in an Approved School or Program.
  • A Title IV Degree-granting school.
  • Public or non-profit institutions of higher education.
  • Must be enrolled at least half-time
Must Satisfy Credit and Income Criteria.
  • Subject to credit check.
  • Documentation of income.
May Require a Cosigner
Loan approval might not require a cosigner. However, having a cosigner can result in a lower interest rate.
Age Requirements
Students must be 18 by December 31, 2025, to qualify for RISLA student loans. 
Must be a U.S. Citizen or Eligible Non-Citizen
Both the borrower and the cosigner must be U.S. citizens or permanent residents holding a non-conditional green card.

Applying for your student loan is easy.

Our team of student loan specialists is available to answer any questions you may have about your online application.
Speak with our student loan specialist to answer your questions at 800-758-7562
 
1
Get Pre-Qualified

Getting your rate is quick and easy without impacting your credit score!

2
Confirm Your Rate & Term

Compare rates and terms to choose a loan that fits your budget. This may lower your monthly payment or reduce the total interest paid over time.

3
E-Sign Your Loan

Confirm your acceptance of the loan by completing your e-signature. The loan will be approved after this process is completed.

noun-message-bubble-2762348-F67637-1
Student Loans FAQ

Many students and families have questions when preparing for college. We are here to help answer those questions.

GO TO FAQ >
noun-customer-complaint-2031267-F67637

Contact Our Student Loan Specialist

RISLA is here to help answer your questions.

We'd be delighted to help you with your application and find ways to save money with your student loans.

CALL US
EMAIL US

What customers are saying about RISLA

TRUSTPILOT_LOGO_250X61_OPTIMIZED

 

Trustpilot

We are with you for the journey.

CPC_BRANDING_LOGO_SOCIAL_0123_JAN-02_500X500

College Planning

A free service aimed at helping students achieve their goal of attending college and paying for it. The CPC assists thousands of students and families each year in planning for higher education.

LEARN MORE >
KFC_BRANDING_LOGOS_02_500X500

Scholarship Hub

Check out how to prepare for college—access free tools and resources.  Find local scholarships for college, and parents and students can enter to win $2,000 in college scholarships!

LEARN MORE >
KFC_BRANDING_LOGOS_02 (1)

Refinancing

With our refinancing options, you can enjoy the benefits of low fixed interest rates, no fees, and an auto-pay discount. Take advantage of this opportunity to save money and simplify your finances. 

LEARN MORE >
Fixed-Rate Student Loan  |  Parent Loan

1. STUDENT LOAN ANNUAL PERCENTAGE RATE (APR) - IMMEDIATE REPAY: 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 lowest rate shown is for a 5-year loan, including the 0.25% interest rate reduction for using the auto-pay feature and RI Advantage Discount.  All other rates shown include the auto-pay feature.

2. RI ADVANTAGE DISCOUNT: 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. DEFERRED APR: Interest rates are the same for graduate students. However, the APR range differs from the range shown above for undergraduate students.

4. THE COSIGNER RELEASE PROGRAM: This is not offered to residents of Colorado, Connecticut, Maine, Nevada, and Washington, D.C.