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Starting out Behind: Trends in Student Loan Burdens at For-Profit Colleges

May 11, 2015

This study analyzes the impact of postsecondary institution type and student characteristics on students' decision whether to borrow and how much to borrow to finance their education. Using data from the National Postsecondary Student Aid Study from the 2011-2012 academic year, the study uses a two-stage regression model in order to estimate the impacts of student and institutional characteristics on the probability that a student would borrow and, for students who borrowed, their student debt burdens. The model controls for a number of financial resources available to students, institution characteristics, and student and family characteristics that could contribute to variations in debt between for-profit, nonprofit, and public colleges, including the total cost of attendance, amount of parental support, expected family contribution, and amount of grants received.

Dis-Credited: Disparate Access to Credit for Businesses in the Chicago Six County Region

August 19, 2014

This report examines geographic patterns of access to bank capital for businesses in the Chicago six-county region, with a focus on smaller loans and other types of credit, amounts under $1 million, that are more likely to benefit smaller, local businesses that create economic opportunity within neighborhoods. For small neighborhood businesses to grow, they need to be able to access capital, and one common source of capital for small businesses are loans, lines of credit, and business credit cards (collectively, "small loans") issued by banks and other financial institutions.

Unresolved Foreclosures: Patterns of Zombie Properties in Cook County

January 24, 2014

This report examines the extent to which servicers are walking away from foreclosures in Cook County, Illinois, creating zombie properties, and how that practice may vary by the characteristics of the neighborhood in which the property is located.