The Looming Student Loan Crisis Is Worse Than We Thought

dc.contributor.authorScott-Clayton, Judithen
dc.date.accessed2019-11-05en
dc.date.accessioned2019-12-19T19:56:51Zen
dc.date.available2019-12-19T19:56:51Zen
dc.date.issued2018-01-10en
dc.description.abstractThis report analyzes new data on student debt and repayment, released by the U.S. Department of Education in October 2017. Previously available data have been limited to borrowers only, follow students for a relatively short period (3-5 years) after entering repayment, and had only limited information on student characteristics and experiences. The new data allow for the most comprehensive assessment to date of student debt and default from the moment students first enter college, to when they are repaying loans up to 20 years later, for two cohorts of first-time entrants (in 1995-96 and 2003-04). This report provides a broader perspective on student debt and default that considers all college entrants rather than just borrowers, provides substantially longer follow-up, and enables a more detailed analysis of trends over time and heterogeneity across subgroups than previously possible.en
dc.description.sponsorshipThe Brookings Institutionen
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttps://www.brookings.edu/wp-content/uploads/2018/01/scott-clayton-report.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/96125en
dc.identifier.volumeVol 2; No. 34en
dc.language.isoenen
dc.publisherThe Brookings Institutionen
dc.relation.ispartofseriesEvidence Speaks Reportsen
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectstudent financial aiden
dc.subjectstudent loansen
dc.subjecteducation, higher--government policyen
dc.subjectdebt relief--law and legislationen
dc.titleThe Looming Student Loan Crisis Is Worse Than We Thoughten
dc.typeReporten
dc.type.dcmitypeTexten

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