Balakrishnan, Sidhya; Bettinger, Eric; Kofoed, Michael S.; … - National Bureau of Economic Research - 2024
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 …