Higher education is expensive. Really expensive..
Affording the rapidly rising cost of higher education isn’t easy. Increasingly, students and families are using student loan debt to finance tuition, room & board, and other expenses.
Today, the majority of graduates are leaving campus with student debt. Over the last decade the average graduate’s debt at graduation rose more than twice the rate of inflation.
In fact, the Class of 2016 was the most indebted class in history. There are now over 43 million Americans with student debt and according to a new study by LendEDU, graduates of Rhode Island colleges and universities have the 2nd highest student debt burden in the nation.
Connecticut is number one, New Hampshire is number three and Massachusetts is number seven.
Average student load debt obligations for recent graduates of Rhode Island schools:
– Roger Williams University, $40,612
– Bryant University, $39,283
– Salve Regina University, $37,847
– Providence College, $37,740
– University of Rhode Island, $32,587
– Rhode Island School of Design, $32,000
– Rhode Island College, $26,624
– Brown University, $22,197
To see how you state ranks check the listings on LendEDU
