Students of poor families invest much less than rich families in college education. To assess the role of financing … students. I propose a novel identification strategy that relies on bunching at federal Stafford loan limits and differences …-income students. Making public colleges tuition-free would substantially reduce student debt, but it would disproportionately benefit …

delinquency. Loan mismanagement varies across student gender and ethnicity: it is more prominent among male and non-white students … alternative explanations, based on students’ financial education, overconfidence, consumption preferences, and aversion to …

programs may also finance non-education activities for students whose liquidity is otherwise restricted. This paper explores …

Credit markets serve a vi ... …

There is ample concern that college students are making ill-informed student loan decisions with potentially negative … college students are provided salient information about their borrowing choices. The setting is a large flagship public … university in the Midwest, and the sample includes all nongraduating students who previously borrowed student loan money (~10 …

balances held, are younger, have lower credit scores, and live in lower-income neighborhoods. Compared to other salient fiscal … policies, the forgiveness policy distributes less benefit to lower income ZIP codes than the Earned Income Tax Credit, but more … benefit to lower income ZIP codes than the 2019 Child Tax Credit and the 2019 education tax credits for higher education …

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 …