Report: R.I. student loan default rate ranks No. 4 lowest in U.S. in FY16

RHODE ISLAND had the fourth-lowest student loan default rate in the nation in fiscal year 2016. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI
RHODE ISLAND had the fourth-lowest student loan default rate in the nation in fiscal year 2016. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI
PROVIDENCE – Rhode Island had the fourth-lowest student loan default rate in the United States at 6.29% in fiscal year 2016, according to a report released by LendEdu Tuesday. Of the 19,675 borrowers in repayment to Rhode Island higher education institutions in fiscal 2016, 1,238 were in default. Student loan payments are considered in default…

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