The Case for Pausing, Not Canceling, Student Debt
A Q&A with 黑料传送门 Booth’s Constantine Yannelis on policies to address the student-loan crisis.
The Case for Pausing, Not Canceling, Student DebtEducation and Credit Outcomes
, Assistant Professor of Economics
, Associate Professor of Finance and FMC Faculty Scholar
A primary research area is focused on student loans and human capital. Education is the single highest return investment that most households will make. Thus, getting our system of higher education finance right is of fundamental importance. Many of the notorious problems in the student loan market come from the misalignment of incentives between for-profit schools, students and taxpayers that is created by well-intentioned but poorly thought through policies. Earlier work largely focused on identifying problems in the student loan market, while newer and ongoing work is focuses on solutions to correct market failures.