TY  - RPRT
        AU  - Black, Sandra E.
AU  - Denning, Jeffrey T.
AU  - Dettling, Lisa J.
AU  - Goodman, Sarena
AU  - Turner, Lesley J.
        TI  - Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being
        PY  - 2023/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15874
        UR  - https://www.iza.org/publications/dp15874
        AB  - 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.
        KW  - credit constraints
KW  - student debt
        ER  -