The Consequences of Student Loan Credit Expansions: Evidence From Three Decades of Default Cycles

Looney, AdamYannelis, Constantine2019-12-192019-12-192019-07-02http://hdl.handle.net/10919/96124This 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.application/pdfenCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalstudent financial aidstudent loanseducation, higher--government policyThe Consequences of Student Loan Credit Expansions: Evidence From Three Decades of Default CyclesArticlehttps://www.brookings.edu/wp-content/uploads/2019/07/ES_20190712_LooneyYannelis_Student-Loans-Credit-Supply.pdf