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.
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.