Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being
dc.contributor.author | Black, Sandra E. | en |
dc.contributor.author | Denning, Jeffrey T. | en |
dc.contributor.author | Dettling, Lisa J. | en |
dc.contributor.author | Goodman, Sarena | en |
dc.contributor.author | Turner, Lesley J. | en |
dc.date.accessed | 2020-09-09 | en |
dc.date.accessioned | 2020-10-14T20:07:48Z | en |
dc.date.available | 2020-10-14T20:07:48Z | en |
dc.date.issued | 2020-08-01 | en |
dc.description.abstract | Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States. However, little is known about the effects of student borrowing on human capital and long-run financial well-being. The authors use variation induced by recent expansions in federal loan limits, together with administrative schooling, earnings, and credit records, to identify the effects of increased student borrowing on credit-constrained students’ educational attainment, earnings, debt, and loan repayment. Increased student loan availability raises student debt and improves degree completion, later-life earnings, and student loan repayment while having no effect on homeownership or other types of debt. | en |
dc.description.sponsorship | Annenberg Institute at Brown University | en |
dc.format.mimetype | application/pdf | en |
dc.identifier.sourceurl | https://edworkingpapers.com/sites/default/files/ai20-273.pdf | en |
dc.identifier.uri | http://hdl.handle.net/10919/100563 | en |
dc.language.iso | en | en |
dc.publisher | Annenberg Institute at Brown University | en |
dc.relation.ispartofseries | EdWorkingPaper; 20-273 | en |
dc.rights | Creative Commons Attribution-NonCommercial-NoDerivs 3.0 | en |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | en |
dc.subject | educational attainment | en |
dc.subject | student debt | en |
dc.subject | student loan | en |
dc.title | Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being | en |
dc.type | Article | en |
dc.type.dcmitype | Text | en |
dc.type.dcmitype | StillImage | en |
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