About - Student Loan Authority

Overall Feedback:

Trust when I say, do your research with any private loan but especially with RISLA. They expected me to pay $600+ per month upon graduation and they only offer a 6 month period for deferment (for the entire life of the loan). They will tell you that they offer more time for financial hardship and the sort but you will indeed jump through the most hoops in order to qualify. I truly think that many lenders including them are out of touch with the true costs of living and furthermore preying on less savvy parents and students. I reached out to a lawyer about some of their practices (regarding bankruptcy of a cosigner and communication) and unfortunately for me the private student loan game is air tight. To be clear, This is a business and there will be no relief no matter what is happening. I now am the proud owner of a $900 a month student loan payment. But what I learned is I will never let my children get a loan from one of these companies for education and I will scream the same thing from the mountain tops to my family who is considering.