The Economics of Student Loan Borrowing and Repayment a Simple Theory of Student Borrowing and Repayment What Makes Student Loans Dif- Ferent?
نویسنده
چکیده
www.philadelphiafed.org R eports in the popular press and policymakers’ concerns about student loans have greatly intensified in recent years because of rising student loan balances and defaults. Even greater cause for concern arose as student loans outstanding passed credit card debt to become the single largest nonmortgage household debt in 2012. Worries about the risk of massive default have even prompted a comparison with the subprime mortgage crisis.1 The Economics of Student Loan Borrowing and Repayment
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