TY  - BOOK
AU  - Black,Sandra E.
AU  - Denning,Jeffrey T.
AU  - Dettling,Lisa J.
AU  - Goodman,Sarena
AU  - Turner,Lesley J.
ED  - National Bureau of Economic Research.
TI  - Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being 
T2  - NBER working paper series
PY  - 2020///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - August 2020; Hardcopy version available to institutional subscribers
N2  - Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States. However, little is known about the effects of student borrowing on human capital and long-run financial well-being. We use variation induced by recent expansions in federal loan limits, together with administrative schooling, earnings, and credit records, to identify the effects of increased student borrowing on credit-constrained students' educational attainment, earnings, debt, and loan repayment. Increased student loan availability raises student debt and improves degree completion, later-life earnings, and student loan repayment while having no effect on homeownership or other types of debt
UR  - https://www.nber.org/papers/w27658
UR  - http://dx.doi.org/10.3386/w27658
ER  -