liquidity effect. By restricting credit supply to college students, the CARD Act of 2009 has inadvertently inhibited the ability … student leaves college before attaining a degree, but access to short-term credit through credit card loans buffers this … of liquidity-constrained students to remain in college when their earnings unexpectedly fall, resulting in a stronger …

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 …

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 credit arrangements that balance three important objectives: (i) providing credit for students to access college and … have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … enough credit for college and the extent to which they are able to repay their student debts after. We then discuss optimal …

low-income students at an elite public university. We find that the program increased four-year graduation rates by about … 8 percentage points for eligible students in the cohorts who experienced the fully developed program. For these cohorts … performance. We conclude that aid programs targeting low-income, high-ability students are most successful when they couple grant …

to a proliferation of financial aid policy in the U.S. and around the world. More students are receiving more aid today … outside the U.S. on the causal impact of a variety of financial aid policies and programs on students' college decisions …

We conduct a survey-based experiment with 2,776 students at a non-profit university to analyze income insurance demand … in education financing. We offered students a hypothetical choice: either a federal loan with income-driven repayment or … ISA uptake by 43%. We observe that students are responsive to changes in contract terms and possible student loan …