administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

Student loan debt in the US exceeds $1.3 trillion, and unlike credit card and medical debt, typically cannot be …

title, to examine the effects of student debt relief on individual credit and labor market outcomes. We find that borrowers …