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

for household economic stability (e.g., emergency savings) and mobility (e.g., saving for a down payment on a home). These …

Students of poor families invest much less than rich families in college education. To assess the role of financing … students. I propose a novel identification strategy that relies on bunching at federal Stafford loan limits and differences …-income students. Making public colleges tuition-free would substantially reduce student debt, but it would disproportionately benefit …

delinquency. Loan mismanagement varies across student gender and ethnicity: it is more prominent among male and non-white students … alternative explanations, based on students’ financial education, overconfidence, consumption preferences, and aversion to …

Credit markets serve a vi ... …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

This paper studies the link between credit availability and student loan repayment using administrative federal student … loan data. We demonstrate that expansions and contractions in federal student loan credit to institutions with high default … late 1980s. Credit access was subsequently tightened through strict institutional and student accountability measures. This …