Fixed Rate

RISLA Private Student Loan

Fixed Rate Non-Federal Education Loan

The RISLA Student Loan is fixed rate non-federal education loan for undergraduate and graduate students. It is recommended that students use the Federal Direct subsidized and unsubsidized student loans to fund their education before considering Private student loans.

Benefits of the RISLA Student Loan:

  • Low Fixed Interest Rate – you don’t have to worry about your monthly payments ever changing if the market rates continue to rise
  • Choose your Repayment Option – immediate repayment is the lowest cost option but there is also a deferred option if you need more time before entering repayment
  • Zero origination fees
  • Easy Online Application with instant credit pre-approval
  • No Pre-Payment Penalties
  • Cosigner release option on RISLA Student Loan if upon entering repayment, the first 24 payments are made on time and student borrower meets underwriting criteria
  • 0.25% interest rate reduction for making automatic electronic payments
  • Borrower protections for when things don’t go as planned



  • Undergraduate and graduate students may apply
  • Borrowers must pass a credit check and meet other eligibility requirements
  • Student MUST complete and return Self-Certification form to lender.
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