Friday, January 28, 2022


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Student Debt

Fidelity: Student loan debt tied to 401(k) loans

PROVIDENCE – From 20-somethings to those at the end of their careers, student debt is a problem across generations that also spells trouble for...
THE RATE of student debt default in Rhode Island was 7.1% in fiscal year 2017. / THE COLUMBUS DISPATCH VIA AP FILE/JOSHUA A. BICKEL

R.I. student-debt default rate 7th lowest in U.S.

PROVIDENCE – Rhode Island had the seventh-lowest share of student debt defaulters in the nation in fiscal 2017, according to a new report from...
THE R.I. STUDENT Loan Authority is providing complimentary assistance for employers looking to take advantage of a new federal provision allowing employers to deduct up to $5,250 in student loan repayments per employee.

RISLA to provide aid to businesses seeking to take advantage of...

PROVIDENCE – The federal government is allowing employers to provide a student-loan repayment benefit to employees on a tax-free basis, the R.I. Student Loan...
THE UNEMPLOYMENT RATE among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December - about 0.3 percentage point above the rate for all workers. / AP FILE PHOTO/SETH WENIG

In hot U.S. jobs market, half of college grads are missing...

WASHINGTON – Millions of Americans are seeing little return from their expensive college degrees - even in today’s hot jobs market. For the first time...
TOTAL U.S. household debt rose by $601 billion in the fourth quarter from a year earlier eclipsing $14 trillion. / BLOOMBERG NEWS

U.S. household debt exceeds $14 trillion for the first time

WASHINGTON – Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages,...
THE AVERAGE MONTHLY student-loan debt payment in Rhode Island is $217.74, according to a study by LendEdu. / PBN FILE PHOTO/CHRIS BERGENHEIM

LendEdu: Average student-loan debt, payments in R.I., Mass. among highest in...

PROVIDENCE – If you have student-loan debt in Rhode Island and Massachusetts, your monthly payments are likely to be among the highest in the...
RHODE ISLAND had the fourth-lowest student loan default rate in the nation in fiscal year 2016. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

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

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...
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...
RHODE ISLAND INSTITUTIONS had the second-highest average student debt per borrower, according to a report from

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...
HELPING HAND: The state recently announced the fourth round of recipients of Wavemaker Fellowships, which help STEM and design professionals defray student-loan debt.

Got student debt? Commerce RI accepting new applications for Wavemaker Fellowship

PROVIDENCE – The state’s Wavemaker Fellowship program that provides recent college graduates working in science, technology, engineering and mathematics fields with student-loan reimbursement is...

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