Measuring student debt and its performance

By Donghoon Lee, Wilbert van der Klaauw, A. Haughwout, Meta S. Brown, Joelle W. Scally. 2014

124 citations recorded by the source corpus.

Studies continue to indicate that higher education is frequently a worthwhile investment for individuals and that it raises the productivity of the workforce as a whole. While the rising cost of post-secondary education has not eliminated this "college premium," it has raised new questions about how growing numbers of students can make these investments. One solution to this problem is student loans, which have come to play an increasingly important role in financing higher education. Yet, despite its importance, educational debt is not well understood. Among the reasons is that there exist few central repositories of information on the characteristics and performance of all student loans, which currently include loans made by both government and private lenders. In this paper, we bring a new data set to bear on this important issue and present a brief analysis of the historical and current levels of student debt and how those loans are performing. We also briefly discuss the implications of student loans for borrowers and the economy.

Subfields: Education

View Paper: https://www.semanticscholar.org/paper/81e13c342b9eddbad556b3a33dffb29749b46076

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Karen Shen
2. David O. Lucca
3. Taylor D. Nadauld

Citations in the corpus

• Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs (2018, background): “3For example, McPherson and Schapiro (1991), looking at the period 1979-1986, find no evidence of the Bennett hypothesis for private four-year institutions, but find a pass-through of $50 for every $100 for public four-year institutions.”