Home Nonprofit & Education Education Extension of student loan deferment offers grads opportunity

Extension of student loan deferment offers grads opportunity

BREATHING EASIER: John Foley of Providence says he was worried he might have to default on $100,000 in student loans when he was laid off from his job as a supply chain analyst at the height of the pandemic last year, but a deferment on federal loans has allowed him to get his finances under control. / PBN PHOTO/RUPERT WHITELEY
BREATHING EASIER: John Foley of Providence says he was worried he might have to default on $100,000 in student loans when he was laid off from his job as a supply chain analyst at the height of the pandemic last year, but a deferment on federal loans has allowed him to get his finances under control. / PBN PHOTO/RUPERT WHITELEY

When the pandemic hit last year, Providence resident John Foley lost his job as a supply chain analyst and was staring at more than $100,000 in student debt, half of which was federally backed student loans. “It was a huge household stress,” said the 34-year-old Johnson & Wales University alum, who lives with his girlfriend.

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber
  • Critical RI business news and analysis updated daily.
  • 1 year of print (26 issues).
  • Unlimited access to all subscriber only content on our website, on any device.
  • Free email alerts.
  • Annual Book of Lists Print Edition.
  • All special issues produced during subscription term.

RELATED ARTICLES

NO COMMENTS

Copyright ©2026 Providence Business News. All Rights Reserved.
Exit mobile version