Student Loans - Providence Business News

R.I. ATTORNEY GENERAL Peter F. Neronha announced Thursday that 226 borrowers from in Rhode Island will receive about $4.6 million from student loan servicer Navient as part of a $1.85 billion national settlement over alleged widespread unfair and deceptive practices in originating student loans. / COURTESY R.I. OFFICE OF THE ATTORNEY GENERAL

R.I. receives $4.6M in national student-loan settlement

Education 01/13/2022

PROVIDENCE – Hundreds of Rhode Islanders with student loans will receive significant debt relief as part of a nationwide billion-dollar settlement with a loan...

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...

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

Extension of student loan deferment offers grads opportunity

Education 09/03/2021

When the pandemic hit last year, Providence resident John Foley lost his job as a supply chain analyst and was staring at more than...

Cost of student loan forgiveness too big

Advice 08/20/2021

At the end of June, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately $1.59 trillion in...

The morality of canceling student debt

Education 12/11/2020

President-elect Joe Biden promised to forgive at least some student debt during his campaign, and he now supports immediately canceling $10,000 per borrower as...

Forbes ranks R.I. Student Loan Authority No. 2 best private student...

Education 08/31/2020

WARWICK – The Rhode Island Student Loan Authority earned national recognition as the second-best private student loan, according to Forbes magazine. Forbes’ 2020 Top List...

ACCESS DENIED: Visitors to the N.Y. Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns on March 18. The coronavirus pandemic has hurt many households financially, but there are ways to get some relief. / AP FILE PHOTO/JOHN MINCHILLO

A guide to surviving financially as the bills come due

Advice 04/03/2020

The coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due. The good news is there is help...

THE R.I. STUDENT Loan Authority is opening up an opportunity for non-federal loan borrowers to apply for a two-month relief period from making loan payments.

RISLA: Student-loan borrowers can apply for 2-month payment relief

Coronavirus 03/25/2020

WARWICK – The R.I. Student Loan Authority is offering borrowers with non-federal student loans the opportunity to apply for a two-month relief period during...

FINANCIAL COUNSELOR: Isabel Rodriguez is the director of financial coaching at Capital Good Fund in Providence. She estimates more than half of the company’s clients that are seeking financial counseling have student loans. / PBN PHOTO/MIKE SKORSKI

More borrowers seek to refinance student loans

Education 03/06/2020

The Federal Reserve interest-rate cuts last year did more than encourage homeowners to refinance their mortgages. It has people who are paying back student...