This research brief examines how COVID-19 is impacting New Yorkers' financial health in the short-term and the potential long-term impacts of not immediately addressing the uneven impact of the pandemic economy.
DCWP released the third in its series of reports on vulnerable student loan borrowers. When compared to higher-income peers, student borrowers from low-income families are less likely to complete their degree or certificates, earn less, often borrow more and repay their loans at lower rates.
This report examines who in New York City holds debt, for whom this debt was taken out for, how much they owe, how they are managing their debt, and how their debt affects major life choices, confidence about repayment, and evaluation of their educational decisions.
Under the American Rescue Plan Act of 2021, eligible individuals and families will receive a third round of Economic Impact Payments (EIP or stimulus payments) by mail (paper check or prepaid debit card) or by direct deposit to your bank account. No action is required by most eligible recipients.