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Study: 20% of college students face ‘dangerous’ debt-to-income ratios

PROVIDENCE – Nearly 1 in 5 college students will have future debt-to-income ratios “approaching dangerous levels” just from student loans after graduating and entering...

Report: Private market for student loans is ‘exploding’

PROVIDENCE – The private market for student loans has “exploded” in recent years, as there is now about $102 million in private student loan...

R.I. has second-highest spending per capita on lottery in 2017

PROVIDENCE – Rhode Islanders spent $502.01 on the lottery per capita in 2017, the second-highest amount in the nation only to Massachusetts, according to...
RHODE ISLAND had the second-highest per capita expenditure on lottery in the nation in 2017. / BLOOMBERG NEWS FILE PHOTO/TIM BOYLE

R.I. has second-highest spending per capita on lottery in 2017

PROVIDENCE – Rhode Islanders spent $502.01 on the lottery per capita in 2017, the second-highest amount in the nation only to Massachusetts, according to...
ACCORDING TO a recent survey of bankruptcy filers, 32% had student debt. On average, those who had student debt said that that debt comprised nearly half of their total debt. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

Survey of bankruptcy filers shows 32% had student debt

PROVIDENCE – A report from LendEdu said that a recent survey of low-income individuals who filed for Chapter 7 bankruptcy showed that 32% carried...
NEARLY 40% of Americans lack confidence they will ever save enough money to retire, according to a new survey by LendEDU. / BLOOMBERG NEWS FILE PHOTO/ MICHELE LIMINA

Retirement? Four in 10 Americans don’t see it ever happening

NEW YORK – Almost 40% of Americans lack confidence they will ever save enough money to retire. That number climbs even higher among older...
RHODE ISLAND INSTITUTIONS had the second-highest average student debt per borrower, according to a report from Lendedu.com.

Report: R.I. has 2nd-highest average student debt in U.S. in 2017

PROVIDENCE – The average student loan debt per borrower who graduated from a Rhode Island college or university in 2017 was $35,371, the second-highest...

Citizens receives 2nd-most CFPB complaints per deposits in U.S. in 2018

PROVIDENCE – Citizens Financial Group Inc. ranked No. 2 on a list of banks with the most 2018 Consumer Financial Protection Bureau complaints related...
OF DEBT AND ECONOMIC DEVELOPMENT: Rhode Island ranked next to the bottom of a list of the states with the highest average student-loan debt for Class of 2017 graduates, presenting a significant impediment to the state’s economic future. 
 / COURTESY LENDEDU

High student debt is impediment to R.I.’s future economic health

The latest student-debt rankings put Rhode Island near the top – and not in a good way.According to LendEDU, an online student lending tool,...
ON WEDNESDAY, LendEDU released its third Student Loan Debt by School & State report. For the second time in three years, Rhode Island was ranked second-worst in the nation for average student loan debt. / COURTESY LENDEDU

LendEDU: Twice in 3 years, R.I. student debt second-worst in nation

PROVIDENCE – In one year, average student debt among Rhode Islanders has jumped 15.78 percent for an average $35,371 per Class of 2017 borrower...
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