Rhode Island’s Student Loan Authority is considering a novel proposal that would defer loans for graduates who go to work for start-ups or launch their own entrepreneurial ventures in the state.
The quasi governmental nonprofit is currently researching the proposal, and if it eventually adopts the idea, it would be the first such outfit to defer loans as a way of encouraging entrepreneurship.
Specifics of the plan are still taking shape, but it may lower repayments of loans administered by the authority to less than $100 a month over a period of two years for qualifying Rhode Island students.
“That should give them a little breathing room while they try entrepreneurship,” said Charles Kelley, executive director of the student loan authority. “We are trying to mitigate brain drain.” Full story for BostonGlobe.com subscribers.
Michael B. Farrell can be reached at firstname.lastname@example.org.