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The Rhode Island Student Loan Authority (RISLA) is a private student loan company operating in all 50 states. RISLA sets itself apart from most other lenders in the private student loan space by offering income-based repayment and partial loan forgiveness options. It’s a particularly good option for borrowers who live or go to school in Rhode Island, as they could qualify for additional rate discounts.
This lender is best for students who are looking for unique student loan benefits should consider RISLA. It’s one of the only private lenders to offer income-based repayment, which is typically only available with federal loans. RISLA is also a good choice for borrowers who want to refinance their student loans but who have not earned a degree.