Recent college graduates in Rhode Island have some of the highest loan burdens in the country, according to a national study called the Project on Student Debt. At the same time, Rhode Island faces consistently high unemployment and a sluggish economy.
All that made me wonder what it’s like to finish college with significant debt, so I set out to meet some of the graduates facing this problem and the experts who study it. I’ve been amazed by the response to their stories.
In the final installment of our series Paying For It: Rhode Islanders Struggle with Student Debt, education reporter Elisabeth Harrison visits the Rhode Island Student Loan Authority to speak with Executive Director Charlie Kelley. She asked him to walk through the payment system for a student who has borrowed $31,000, about the average for recent graduates in Rhode Island.
Colleges all across Rhode Island hold graduation ceremonies this month, and many of their students will receive diplomas and then face thousands of dollars in student loans.
As we continue our series Paying For It: Rhode Islanders Struggle with Student Debt, Rhode Island Public Radio’s Elisabeth Harrison looked at how mounting student loans are impacting students and the decisions they make about their future.
Many Rhode Islanders are paying off student loans that average more than $31,000, one of the highest student debt burdens in the nation. As we continue our series Paying for It: Rhode Islanders Struggle With Student Debt, we look at what happens when those loans are too much to handle.
Rhode Island Public Radio’s Education reporter Elisabeth Harrison met Allison Dean at her house on a quiet street in Warwick, sandwiched between the airport and Narragansett Bay.