Institute for College Access and Success

Thousands of colleges seniors receive their diplomas this month in Rhode Island and across the nation.  And thousands of them will soon have to start paying off their student loans. 

Rhode Island has one of the highest rates of student debt in the nation; the average burden on students in the class of 2012 was more than $30,000, according to a study by the Institute for College Access and Success.

As part of our series looking at what it's like to live with student debt, Rhode Island Public Radio's Elisabeth Harrison spoke with Lauren Asher, the Institute's director.

A new study by the Institute for College Access and Success shows Rhode Island students carry the fifth highest debt burdens in the country. The study looked at student loans for the class of 2012. The average in Rhode Island was $31,156.

Several other New England state also ranked high on the list, including Maine and New Hampshire, which ranked second. The average student loan rate in New Hampshire was $32,698.