Nationally, student loan debt is at crisis level. The share of students behind on loan payments equals the share of homeowners in default at the peak of the housing crisis. What’s the best way to help students struggling under a huge debt burden? Is there a better way to finance college? Chicago Booth’s Constantine Yannelis and Seth Frotman of the Student Borrower Protection Center discuss the impacts of different loan forgiveness proposals under consideration, including who benefits.

 

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Research Briefs·Aug 6, 2024

The Graduation Part II: Graduate School Graduation Rates

Jeffrey T. Denning and Lesley J. Turner
Graduation rates from graduate programs increased from 58% for students entering in 2003-04 to 68% for students entering in 2012-13, with substantial variation across fields of study and institutions.
Topics: Higher Education & Workforce Training
Podcast Jul 23, 2024

What Went Wrong With Federal Student Loans?

The United States is in the midst of a student loan crisis, with over 45 million borrowers owing more than $1.6 trillion in federal dollars. On this episode of The Pie, Constantine Yannelis, Associate Professor of Finance at Chicago Booth, argues that...
Topics: Higher Education & Workforce Training
Research Briefs·Jun 4, 2024

What Went Wrong with Federal Student Loans?

Constantine Yannelis and Adam Looney
The increase in aggregate student debt and the struggles of today’s borrowers can be traced to changes in federal policies intended to broaden access to educational opportunities, which increased enrollment and borrowing in higher-risk circumstances.
Topics: Higher Education & Workforce Training