Early in the COVID-19 pandemic, the Trump administration paused federal student loan payments and interest accruals as a temporary relief measure for borrowers. The pause covered roughly 90 percent of all outstanding student loans, affecting about 38 million individuals, who collectively held a balance of $1.5 trillion. For each of the 17 million…

This study assesses the impact of involuntary job loss on college persistence by leveraging different job-loss timings relative to a student's college enrollment decision. We find that job loss increases the probability that a working college student leaves college before attaining a degree, but access to short-term credit through credit card…

Every year, 2 million first-time, full-time undergraduate students enter a degree-granting postsecondary institution in the United States, but more than one-third leave college before obtaining a college degree. This report's analysis shows that job loss has an adverse effect on college persistence for 18- to 24-year-old US working students, that…

This paper examines whether a rise in house prices that occurs immediately prior to children entering college has an impact on their earnings as adults. Higher house prices provide homeowners with additional funds to invest in their children's human capital. The results show that a 1 percentage point increase in house prices, when children are 17…