@TechReport{iza:izadps:dp15874,
            	author={Black, Sandra E. and Denning, Jeffrey T. and Dettling, Lisa J. and Goodman, Sarena and Turner, Lesley J.},
            	title={Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being},
            	year={2023},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={15874},
            	url={https://www.iza.org/publications/dp15874},
	abstract={Growing reliance on student loans and repayment difficulties have raised concerns of a student debt crisis in the United States, but 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 combined with administrative datasets to identify the effects of increased access to student loans 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.},
	keywords={credit constraints;student debt},
            }