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You searched for: Publishing Institution The Brookings Institution Remove constraint Publishing Institution: The Brookings Institution Political Geography America Remove constraint Political Geography: America Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Education Remove constraint Topic: Education
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  • 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
  • Author: Grover J. "Russ" Whitehurst
  • Publication Date: 03-2011
  • Content Type: Policy Brief
  • Institution: The Brookings Institution
  • Abstract: The new normal for local, state and federal governments is fiscal austerity. Although President Obama supported education during his State of the Union address and in his budget proposal to Congress, cash-strapped localities and states—which foot most of the bill for educating America's children— may have to balance their budgets with cuts to schools and teachers. The recession exposed a long-developing structural imbalance between public expenditure versus raising the revenue for public services. Especially on education, reality has set in, with a vengeance.
  • Topic: Education, Science and Technology, Financial Crisis
  • Political Geography: United States, America