Student Loans

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries.

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Ireland’s free-college experiment: Lessons and warnings for US policymakers

AEI · 28 April 2021 English

Ireland enacted free college in the 1990s but still faces challenges related to equity, access, and financing in its higher-education system.

example of a private bank that lends money for student loans. See Allied Irish Bank, “Education Finance,” RTH U R M. H A U PTM A N 64. Aine McMahon, “Student Loans ‘Off the Table’ for Lifetime of Current Government https://www. irishtimes.com/news/education/student-loans-off-the-table-for-lifetime-of-current-government-1 com/news/arid-30978291.html. 65. Irish Times, “Student Loans No Way to Fund Education,” March 11, 2019, https://www https://www.irishtimes.com/opinion/letters/student- loans-no-way-to-fund-education-1.3816589. © 2021


The Effects of Default Choice on Student Loan Borrowing: Experimental Evidence from …

NBER · 22 April 2021 English

We explore the role of defaults and choice architecture on student loan decision-making, experimentally testing the impact pre-populating either decline or accept decisions compared to an active choice We demonstrate that the default choice presented does influence student loan borrowing decisions. Specifically, compared to active choice, students presented within a pre-populated decline decision were almost five percent less likely to accept all packaged loans and borrowed between 4.6 and 4.8 percent

time of making decisions about their federal student loans. In the first condition, the loan disbursement the ambiguity in the desired behavior around student loans, 4 this study makes a unique contribution Turner (2019) – which tests the availability of student loans on financial aid offer sheets – this study the ambiguity in the desired behavior around student loans, we examine the downstream effects of assignment Federal Financial Aid Process and Federal Student Loans Miller et al. (2019) reports that the United


Testimony: Student debt – assessing its impacts on individuals and the economy

AEI · 13 April 2021 English

The volume of student loan debt in the economy has now surpassed $1.6 trillion, which is an alarming milestone. Concern about student debt was once a niche issue, but with …

Office, “Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options,” February


The Insurance Value of Financial Aid

NBER · 8 April 2021 English

Financial aid programs enable students from families with fewer financial resources to pay less to attend college than other students from families with greater financial resources.

Access Act in 2007 (Public Law 110-84), federal student loans have had income-based repayment options, through


Moe Power, Moe Problems

Cato Institute · 2 April 2021 English

Reason TV has posted video of my recent Soho forum debate on presidential power, facing off with Stanford University’s Terry Moe. The overarching question was “Is More Presidential Power Necessary …

whether or not you’re on the hook for your student loans—the power to launch a trade war from his couch


Medical Debt and its Impacts on Health and Wealth: What Can Philanthropy …

The Aspen Institute · 29 March 2021 English

Seventy-nine million Americans struggle to pay their medical bills or are paying off medical debt. With the healthcare system structured to place a significant burden of the cost of care …

financial concerns, behind mortgage or rent, student loans, and retirement. 33 Even small amounts of medical


Fixing income-driven repayment for federal student loans

AEI · 25 March 2021 English

Instead of providing mass loan forgiveness, policymakers should strengthen the income-driven repayment plan for vulnerable borrowers while reining in excessive benefits for borrowers with graduate school loans.

 https://studentaid.gov/data-center/student /loan-forgiveness/pslf-data https://studentaid.gov/data-center/student/loan-forgiveness/pslf-data sh=6efca4046354 https://time.com/next%20advisor/in-the-news/joe-biden-student-loan-relief-extension/ https://time.com/next%20advisor/in-the-news/joe-biden-student-loan-relief-extension/ https://www.gao.gov budget18/summary/18summary.pdf https://www.brookings.edu/research/winners-and-losers-in-president-trumps-student-loan-plan


Financial and Total Wealth Inequality with Declining Interest Rates

NBER · 25 March 2021 English

Financial wealth inequality and long-term real interest rates track each other closely over the post-war period. Faced with lower returns on financial wealth, households with high levels of financial wealth …

student debt, we assume a duration of 4.5 years. Student loans are typically 10 year an- nuities. At an interest rate of 5.8%, the average rate on outstanding student loans in 2017, the duration is 4.56. At higher the


Testimony: Is there an inequality crisis?

AEI · 17 March 2021 English

“The Income and Wealth Inequality Crisis in America” Full Committee Hearing, March 17, 2021, United States Senate Committee on the Budget Chairman Sanders, Ranking Member Graham, and Members of the …

cite another example, these studies include student loans as debt in assessing individual wealth levels shelter and, often, capital gains—we take out student loans to “buy” skills and credentials—assets that


Student Learning in Online College Programs

NBER · 12 March 2021 English

We draw on administrative data from the country of Colombia to assess differences in student learning in online and traditional on-campus college programs. The Colombian context is uniquely suited to study this topic, as students take a compulsory exit examination at the end of their studies. While online students perform significantly worse than on-campus students on exit exams in private institutions, they perform better in SENA—the main public vocational institution in the country.

and the Colombian government forgives the student loans of low‐income students who earn the highest


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