We quantify the effect of school voucher spending on initial earnings. We use administrative data on the monetary resources received by schools from a targeted voucher program implemented in Chile. We merge this dataset with education and labor market administrative records for the universe of...

On April 1, 2021, the Biden Administration announced that Secretary of Education Michael Cardona will consider whether the President has legal authority to forgive up to $50,000 per debtor in student loan debt without further Congressional action. This paper collects the leading arguments for...

With a license to use individually identifiable information on student loan borrowers, we find that a majority of distressed student borrowers manage their debt sub-optimally and that suboptimal debt management is associated with higher loan delinquency. Loan mismanagement varies across student...

This paper looks at consumer complaints about student loan lenders and servicers from the Consumer Financial Protection Bureau’s (CFPB’s) consumer complaint database. Using a novel dataset drawn from 30,678 complaints filed against 212 student loan companies, we analyze consumers’...

Financial aid to college students has been widely implemented by governments indeveloped and emerging economies in an attempt to reduce the entry barriers to highereducation (HE). Understanding the extent to which these policies enable access to HE is crucialin order to unravel the effectiveness...

The number of international students worldwide has almost doubled in the last decade. In higher education systems that are partly tax-funded, a country's labour force might not be willing to subsidize the education of international students who might move away after graduation. This paper...

A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...

In the United States, college students must complete the Free Application for Student Federal Aid (FAFSA) to access all forms of federal aid. However, many eligible students do not apply and consequently forgo significant amounts of financial aid. Using data from the 1999-2000, 2003-2004, and...

I examine differences in the competitive behavior between for-profit and traditional universities by modeling how these institutions allocate financial aid packages and set net cost according to differing objective functions. I test the implications of the model using data from the 2003-2004 and...

Research on family expenditures on education in India is not abundant; and research on the determinants of family expenditure on higher engineering education is very scanty. As a result, systematic knowledge of the nature and type of family expenditure is extremely limited and why do households...