Multiple extensions of the federal student loan forbearance program since March 2020resulted in a temporary payment pause that lasted more than 3 years. We examine theimpact of long-term forbearance on the evolution of borrowing by distressed individuals.We observe substantial increases in...

Consumers differ in their prioritization of student loan repayment, which suggests that making repayment more affordable would not necessarily eliminate default. Consumers who default on multiple types of debt tend to prioritize repaying student loans more than repaying other debt types....

Since 2010, all federal student loans have been made directly by the government. But before that, most federal student loans were made by private creditors such as banks and backstopped by the Department of Education (ED). More than 10 million Americans still owe more than $238 billion in loans...

In this paper, we use a logit model to predict the probability of default for Korean shipping companies. We explore numerous financial ratios to find predictors of a shipping firm’s failure and construct four default prediction models. The results suggest that a model with industry specific...