Sunday, December 17, 2017

Today's Bronx News - 12/17/2017

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Student borrowers under most stress in New York Citya s poorest areas

Dec 16, 2017 01:45 pm

About 1 million, or 15 percent, of residents had loans, totaling .8 billion of the country's .3 trillion in student debt. New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn.
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He's back: CC Sabathia is returning to the Yankees

Dec 16, 2017 01:43 pm

The Yankees took another step toward completing their starting rotation on Saturday, agreeing to a deal to bring back CC Sabathia, the Post confirmed. Sabathia's return had been anticipated, with the Yankees valuing his clubhouse leadership and the 37-year-old lefty saying he wanted to stay in The Bronx to build on the success the team had last season, when they came within a game of the World Series.
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RPT-Student borrowers under most stress in New York City's poorest areas

Dec 16, 2017 08:17 am

New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn. The Federal Reserve Bank of New York report, billed as the first neighborhood-level study of student loans in any U.S. city, showed that borrowers in New York had on average $34,900 in debt, 18 percent above the national average.
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