The Rhode Island Student Loan Authority (RISLA) is a non-profit agency which has been providing affordable higher education solutions since 1981. RISLA offers low cost state-based education loans, free admissions and financial aid assistance through the College Planning Center of Rhode Island, a free internship finder through bRIdge.jobs and financial literacy guidance at high schools and colleges throughout the State of Rhode Island. History Established in 1981. RISLA was established by the State of Rhode Island in 1981 to help expand higher education financing options to students and parents living in or attending school in Rhode Island. In 1998, RISLA established the College Planning Center of Rhode Island. RISLA offers education loans, education loan refinancing options, free college planning counseling and scholarship and internship matching tools.