Taking it to the limit: Effects of increased student loan availability on attainment, earnings, and financial well-being
By: Black, Sandra E. et al
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Material type: 
BookPublisher: The American Economic Review Description: 113(12). Dec, 2023: p.3357-3400.
In:
The American Economic ReviewSummary: Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States, but little is known about the effects of student borrowing on human capital and long-run financial well-being. We use variation induced by recent expansions in federal loan limits combined with administrative datasets to identify the effects of increased access to student loans 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.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/aer.20210926
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 113(12). Dec, 2023: p.3357-3400 | Available | AR130891 |
Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States, but little is known about the effects of student borrowing on human capital and long-run financial well-being. We use variation induced by recent expansions in federal loan limits combined with administrative datasets to identify the effects of increased access to student loans 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.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/aer.20210926
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