Rhode Island Student Loan Authority

Hi-This borrower defaulted on her loan on 5/31/? In 2014, she entered into a payment agreement with RISLA and paid $per month on nearly a monthly basis until August ? From the time of default until December 2015, the borrower did not incur any collection fees? After failure to make a payment for over days, the account was sent to a third party collections company, [redacted] ? Since being placed with ***, payments payments of $have been received and applied to her account over the past months? [redacted] charges a 12% collection fee and that fee has been applied to those payments at the time of receipt.If the borrower makes on-time payments, RISLA can pull the account back from the third party collections company and at that point she will no longer incur any collection costs? If she has any question on this process or the application of payments to her account she can contact RISLA at [redacted] Thank you

Hi-This borrower defaulted on her loan on 5/31/ In 2014, she entered into a payment agreement with RISLA and paid $per month on nearly a monthly basis until August From the time of default until December 2015, the borrower did not incur any collection fees After
failure to make a payment for over days, the account was sent to a third party collections company, *** *** *** Since being placed with ***, payments payments of $have been received and applied to her account over the past months *** charges a 12% collection fee and that fee has been applied to those payments at the time of receipt.If the borrower makes on-time payments, RISLA can pull the account back from the third party collections company and at that point she will no longer incur any collection costs If she has any question on this process or the application of payments to her account she can contact RISLA at ***Thank you

Hi-This borrower defaulted on her loan on 5/31/ In 2014, she entered into a payment agreement with RISLA and paid $per month on nearly a monthly basis until August From the time of default until December 2015, the borrower did not incur any collection fees After
failure to make a payment for over days, the account was sent to a third party collections company, *** *** *** Since being placed with ***, payments payments of $have been received and applied to her account over the past months *** charges a 12% collection fee and that fee has been applied to those payments at the time of receipt.If the borrower makes on-time payments, RISLA can pull the account back from the third party collections company and at that point she will no longer incur any collection costs If she has any question on this process or the application of payments to her account she can contact RISLA at ***Thank you