Lochner, Lance; Monge-Naranjo, Alexander - Becker Friedman Institute for Research in Economics, … - 2015
Rising costs of and returns to college have led to sizeable increases in the demand for student loans in many countries …. In the U.S., student loan default rates have also risen for recent cohorts as labor market uncertainty and debt levels … enough credit for college and the extent to which they are able to repay their student debts after. We then discuss optimal …