How do households adjust savings and consumption in response to liquidity from debt relief? I study this question using …

programs may also finance non-education activities for students whose liquidity is otherwise restricted. This paper explores …

have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … student credit arrangements that balance three important objectives: (i) providing credit for students to access college and …

have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … student credit arrangements that balance three important objectives: (i) providing credit for students to access college and …

Paying for college is often a family affair, with both parents and students contributing. We study the effects of … college on family finances using administrative data on the universe of federal aid applicants in California linked to credit … records. We provide the first comprehensive analysis of how both students and their parents use debt with college attendance …

from a random sample of undergraduate students in the United States and implement a research design that instruments for … tuition with relatively large changes to the tuition of students who enrolled at the same school in different cohorts. We find … among poorer, credit-constrained students. Thus, the relatively large increases in the price of education in the United …