Browsing by Author "Yannelis, Constantine"
Now showing 1 - 3 of 3
Results Per Page
Sort Options
- The Consequences of Student Loan Credit Expansions: Evidence From Three Decades of Default CyclesLooney, Adam; Yannelis, Constantine (The Brookings Institution, 2019-07-02)This paper studies the link between credit availability and student loan repayment using administrative federal student loan data. The authors demonstrate that expansions and contractions in federal student loan credit to institutions with high default rates explain most of the time series variation in student loan defaults between 1980 and 2010.
- The consequences of student loan credit expansions: Evidence from three decades of default cyclesLooney, Adam; Yannelis, Constantine (The Brookings Institute, 2019-06-01)This paper studies the link between credit availability and student loan repayment using administrative federal student loan data. The authors demonstrate that expansions and contractions in federal student loan credit to institutions with high default rates explain most of the time series variation in student loan defaults between 1980 and 2010. Expansions in loan eligibility between 1976 and 1988 led to the entry of new, high-risk institutions, and default rates exceeding 30 percent in the late 1980s. Credit access was subsequently tightened through strict institutional and student accountability measures.
- A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and in the Institutions They Attended Contributed to Rising Loan DefaultsLooney, Adam; Yannelis, Constantine (The Brookings Institution, 2015)In this article, the authors examine the rise in student loan delinquency and default, drawing on newly available U.S. Department of Education administrative data on federal student borrowing linked to earnings records derived from tax records.