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PODCAST: Rhode Island Has 5th Highest Student Loan Debt in Country

Wednesday, December 11, 2013

 

The average Rhode Island graduate who borrowed to get a bachelor's degree in the class of 2012 has a student loan debt of $31,156, according to a recent report by the Institute for College Access and Success -- which ranks Rhode Island #5 for the highest student loan debt average in the country. Ron and GoLocalProv's Kate Nagle discuss.

 

Related Slideshow: New England States with the Highest Student Debt

A new report released by the Institute for College Access & Success' Project on Student Debt found that the average debt load for the class of 2012 was $29,400 -- up more than 10% from the previous year. Check out the slides below to see where New England ranks in terms of average student debt.

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#6 Connecticut

Average Student Debt: $27,816

Percent of Graduates with Debt: 61%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

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#5 Vermont

Average Student Debt: $28,299

Percent of Graduates with Debt: 63%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

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#4 Massachusetts

Average Student Debt: $28,460

Percent of Graduates with Debt: 66%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

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#3 Maine

Average Student Debt: $29,352

Percent of Graduates with Debt: 67%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

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#2 Rhode Island

Average Student Debt: $31,156

Percent of Graduates with Debt: 69%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

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#1 New Hampshire

Average Student Debt: $32,698

Percent of Graduates with Debt: 74%

Note: All data is based on four-year or above institutions for students graduating in the 2011-2012 academic year.

 
 

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