RISLA

AcronymDefinition
RISLARhode Island Student Loan Authority
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References in periodicals archive ?
A base-case recovery rate of 50%, stressed in line with Fitch's private student loans criteria at higher rating levels, is assumed based on RISLA's recovery history.
To encourage nursing school graduates to work in Rhode Island upon graduation, RISLA's Nursing Rewards Program offers an interest-free Stafford Loan and $1,000 per year of principal forgiveness during the first four years of repayment.
RISLA executive director Noel Simpson explained that the programs are being offered to combat the state's nurse shortage, which is predicted to increase to as much as 25 percent in 2010 and 55 percent by 2020, as well as the growing shortage of faculty members in the state's nursing schools.
A recovery rate of 40% is assumed based on RISLA's recovery history.
Collateral Quality: As of June 30, 2017, the trust is collateralized by approximately $6.8 million fixed rate private student loans originated by RISLA under the RIFEL program.
Satisfactory Servicing Capabilities: Day-to-day servicing will be provided by RISLA, which has been servicing their own loans.