Black, Sandra E. et al  <br/><br/>
Taking it to the limit: Effects of increased student loan availability on attainment, earnings, and financial well-being 

 - The American Economic Review   
 - 113(12). Dec, 2023: p.3357-3400 
<br/><br/> 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 <br/><br/>https://www.aeaweb.org/articles?id=10.1257/aer.20210926<br/>