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....

More than low default rates, lenders are interested in the expected return on their loans. In this paper, we consider a number of other measures of repayment and nonpayment that are likely to be of direct interest to lenders. Using data from the Baccalaureate and Beyond Longitudinal Study, we...