Reducing Inequality, Boosting Mobility and Productivity
Edited by David Neumark, Yong-seong Kim and Sang-Hyop Lee
Chapter 4: An economist’s perspective on student loans in the United States
This chapter provides an economic perspective on policy issues related to student debt in the United States. It lays out the economic rationale for government provision of student loans and summarizes time trends in student borrowing. It describes the structure of the US loan market, which is a joint venture of the public and private sectors and then turns to three topics that are central to the policy discussion of student loans: whether there is a student debt crisis, the costs and benefits of interest subsidies, and the suitability of an income-based repayment system for student loans in the US. It discusses the gaps in the data required to fully analyze and steer student-loan policy.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.