The Project on Student Debt is out with its annual report, and the news is not good for students at Rhode Island's colleges and universities.
According to the report, students graduating from local institutions in 2013 had the fourth highest debt burdens in the country, averaging $31,561. Rhode Island's rank worsened from fifth highest for the class of 2012, when the average for student loans stood at $31,156.
The national average for student debt was $28,400.
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.
Rhode Island has the fifth highest rate of student loan debt in the country and experts say part of the reason is the large number of expensive, private colleges, like Bryant University, Providence College and Salve Regina in Newport. One of the most expensive is the Rhode Island School of Design.
Rhode Island Public Radio’s education reporter, Elisabeth Harrison, met one graduate now staring down hundreds of thousands of dollars in student loans.
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.