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DCWP Releases Brief on Inequalities for Student Loan Borrowers With Low Incomes

Friday, January 29, 2021

DCWP released Upwardly Immobile: Low-Income Borrowers and the High Cost of College Education, a research brief which demonstrates that a sizable gap in affordability—and, therefore, accessibility—exists in New York City between student borrowers from low-income families and those from higher-income families, a pattern that aligns with national-level findings. Borrowers with a loss or change in income are encouraged to enroll in an Income-Driven Repayment Plan, which typically offer more affordable monthly payments. For help understanding your options, schedule an appointment for free, one-on-one financial counseling by calling 311 or visiting nyc.gov/TalkMoney.