Student Debt - Providence Business News

Do you support President Joe Biden’s ongoing efforts to lower or...

Education 01/13/2023

President Joe Biden’s plan to forgive up to $20,000 of student debt for millions of Americans is mired in legal challenges. But his administration on...

Ethics of forgiving student debt

Advice 11/11/2022

President Joe Biden’s plan to forgive $10,000 to $20,000 of student debt for up to 40 million borrowers was recently put on hold by...

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

Financial Services 10/21/2021

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.

Education 10/06/2020

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...

Coronavirus 03/30/2020

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...

Economic Activity 02/14/2020

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

Economic Activity 02/11/2020

WASHINGTON – Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages,...