Since the Free Academy in Manhattan received its state charter 176 years ago this month, the City University of New York (CUNY) has been a beacon of accessible higher education and an engine of economic opportunity and upward mobility for generations of working class and low-income New Yorkers.
The report identifies and examines seven factors that are associated with student loan default among New Yorkers, while also highlighting trends across New York City neighborhoods.
The Report’s findings show that although New Yorkers’ delinquency and default rates are slightly lower than the national average, certain NYC neighborhoods are experiencing significantly higher rates of delinquency and default despite the fact that their residents have low average loan balances.
Improving Access to Affordable Housing Opportunities is a study that explores the experience of affordable housing applicants and recommends ways to further support applicants through an outreach and education strategy that incorporates financial empowerment services.