Chatterjee, Satyajit; Ionescu, Felicia - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 393-420
Participants in student loan programs must repay loans in full regardless of whether they complete college. But many students who take out a loan do not earn a degree (the dropout rate among college students is between 33 and 50 percent). We examine whether insurance, in the form of loan...