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  • Author: Eswar Prasad
  • Publication Date: 01-2018
  • Content Type: Video
  • Institution: The Brookings Institution
  • Abstract: Brookings Senior Fellow Eswar Prasad unpacks the impact of the new steel and aluminum tariffs proposed by the Trump administration. He explains that the new tariffs have undermined America’s leadership as proponents of free trade and will decrease America’s economic influence across the globe.
  • Topic: International Political Economy
  • Political Geography: America
  • Publication Date: 02-2018
  • Content Type: Video
  • Institution: The Brookings Institution
  • Abstract: On February 7, David Frum joined a panel of experts at Brookings to discuss the burgeoning threats to democratic institutions in the Trump era.
  • Topic: International Affairs, Democracy
  • Political Geography: America
  • Author: Adam Looney, Constantine Yannelis
  • Publication Date: 02-2018
  • Content Type: Special Report
  • Institution: The Brookings Institution
  • Abstract: We examine the distribution of student loan balances and repayment rates in the United States using administrative student loan data. We show that increases in credit limits and expansions in credit availability resulted in rising borrowing amounts, and that the share of borrowers holding very large balances has surged. For instance, the share of borrowers leaving school with more than $50,000 of federal student debt increased from 2 percent in 1992 to 17 percent in 2014. Consequently, a small share of borrowers now owes the majority of loan dollars in the United States. Although these large-balance borrowers have historically strong labor market outcomes and low rates of default, repayment rates have slowed significantly between 1990 and 2014 reflecting, in part, changes in the characteristics of students, the schools they attended, and the rising amounts borrowed. A decomposition analysis indicates that changes in the types of institutions attended, student demographics, default rates, and increased participation of alternative repayment plans and forbearance largely explain the decrease in student loan repayment.
  • Topic: Education, International Affairs
  • Political Geography: America