There is evidence of a large and growing student debt burden over the last decade. Previous research has shown that the presence of student debt jeopardized the short-term financial wealth of U.S. households during the Great Recession. We examine the effects of student loan use on the wealth of...

Since the late 1990s, the mean education payment-to-income ratio, a marker for the transitory burden related to student loans, has fallen steeply while repayment terms have become longer. The overall level of student debt has dramatically increased, suggesting that the level of student debt and...