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The True Cost of a College Degree: New Yorkers with Student Debt Face Unrelenting Hardships despite the Promise of Upward Mobility
Carolina Rodriguez, Jennifer Hinojosa, Debipriya Chatterjee
Summary:
New Unheard Third data reveals that 1 in 4 New York City residents are grappling with student loan debt, as young adults and recent graduates are struggling to repay their loans amid high unemployment, underemployment, and jobs that don't pay enough. Student loan debt also correlates with higher rates of other economic hardships, such as housing and food insecurity.
The landscape of student loan debt in New York City presents concerning disparities, and this report explores the widespread impact that the student loan debt crisis is having on New Yorkers' economic security.
Issues: Economic Mobility & Security, The Unheard Third
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