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Rising student loan burdens and what to do about them

Author

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  • Karen Dynan

    (Harvard University and Peterson Institute for International Economics)

Abstract

Student loans help many individuals obtain higher education that they otherwise could not fund, but concerns have arisen in recent years about the large number of borrowers that appear to be struggling to make their payments. This article considers the economic consequences of excessive student debt. It then turns to policy options for relieving excessive debt burdens—most notably, the debate over student debt forgiveness and ways to change the federal student loan program to limit the number of new borrowers that will struggle to make debt payments.

Suggested Citation

  • Karen Dynan, 2020. "Rising student loan burdens and what to do about them," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(3), pages 129-133, July.
    • Handle: RePEc:pal:buseco:v:55:y:2020:i:3:d:10.1057_s11369-020-00180-6
    DOI: 10.1057/s11369-020-00180-6
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    References listed on IDEAS

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    1. Alvaro Mezza & Daniel Ringo & Shane Sherlund & Kamila Sommer, 2020. "Student Loans and Homeownership," Journal of Labor Economics, University of Chicago Press, vol. 38(1), pages 215-260.
    2. Cooper, Daniel & Luengo-Prado, María José, 2018. "Household formation over time: Evidence from two cohorts of young adults," Journal of Housing Economics, Elsevier, vol. 41(C), pages 106-123.
    3. Congressional Budget Office, 2020. "Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options," Reports 55968, Congressional Budget Office.
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