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RI ranks 9th in the nation for student debt

November 3, 2011

Students in the class of 2010 borrowed an average of $26,340 in Rhode Island, according to a new report from the Project on Student Debt. That puts Rhode Island the 9th highest in the country for the amount of the average student loan. The Ocean State also ranks 9th in terms of the number of students with debt, with 67% of the class of 2010 taking out loans to attend college.

The national average is $25,250 in student debt for members of the class of 2010. Meanwhile, the report finds unemployment for recent college graduates climbed from 8.7% in 2009 to 9.1% in 2010. The report calls this the highest annual unemployment rate on record for college graduates aged 20 to 24.

One Comment leave one →
  1. Hannah Morgan permalink
    November 3, 2011 5:50 pm

    Young people should quickly exit RI. The priority for that state is the wealthy…take a look at the opulent mansions in Newport handsomely maintained by the Preservation Society and it’s senior citizen workforce. The ordinary Newport citizens can’t even get clean drinking water.

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