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December 1, 2008

Despite Frozen Credit Markets, RI Student Loan Authority Raises $100 Million for Student Loans

The non-profit Rhode Island Student Loan Authority (RISLA) is pleased to announce that despite frozen credit markets, they have just issued $100 million in variable rate bonds.  Charles P. Kelley, Executive Director of RISLA stated “Everyone at RISLA has been putting in long hours to make sure that there is sufficient funding for our students. This $100 million will help approximately 18,000 students pay for the rising costs of higher education with low cost federally guaranteed Stafford and PLUS loans.”

To read more, click below:

galleries/membernews/RISLA_BondSale.pdf