In this paper, I provide an economic perspective on policy issues related to student debt in the United States. I lay … the US loan market, then turn to topics central to the policy discussion of student loans: whether there is a student debt …

adverse debt outcomes, and these students experience substantial increases in their credit score and in the affluence of the … and scholars that the declines in state support have reduced the return to education investment for public sector students … four-year students, and we analyze individuals into their mid-30s. For four-year students, we find that state appropriation …

For-profit providers are becoming an increasingly important fixture of US higher education markets. Students who attend … for-profit institutions take on more educational debt, have worse labor market outcomes, and are more likely to default … than students attending similarly-selective public schools. Because for-profits tend to serve students from more …

We evaluate the effects of the 2020 student debt moratorium that paused payments for student loan borrowers. Using … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … substitute increased private debt for paused public debt. Comparing borrowers whose loans were frozen with borrowers whose loans …

In this survey, we review the quantitative macroeconomic literature analyzing consumer debt and default. We start by … with a comprehensive empirical section, describing key facts about consumer debt, defaults and delinquencies, as well as … life-cycle profiles using data from the Survey of Consumer Finances and show that debt and defaults display a clear hump …

a given net worth with values of assets and debt that are financially certain and risk-free, a greater assetdebt ratio … inattention. Moreover, biased subjects are less patient, less debt averse, more likely to increase spending out of unexpected …