RI Ranked 8th for Most Student Debt, According to New Study

RI Ranked 8th for Most Student Debt, According to New Study

A new study by WalletHub found that Rhode Island has the 8th most student debt. 

With the average student loan debt reaching around $37,000 per borrower, the personal-finance website WalletHub released its report on 2022’s States with the Most and Least Student Debt, as well as accompanying videos and expert commentary.

How Rankings Were Compiled 

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To determine the states that are friendliest toward student-loan debtors, WalletHub compared the 50 states and the District of Columbia across 11 key metrics. 

The data set ranges from average student debt to unemployment rate among the population aged 25 to 34 to share of students with past-due loan balances. 

Student Debt in Rhode Island (1=Most; 25=Avg.):

4th – Avg. Student Debt
5th – Proportion of Students with Debt
18th – Unemployment Rate of Population Aged 25 to 34
23rd – Grant Growth