Is the rise in student loan debt in the United States a source of economic fragility?

C. Mistretta-Belna.

Quarterly selection of articles - Bulletin de la Banque de France, 2014, issue 35, 55-73

Abstract: The balance of outstanding student loan debt has risen sharply in the United States since 2008. At the same time, economic prospects for young graduates have worsened, leading to an increase in defaults on student loans. The trend is already having visible repercussions on the US economy; however, the financial risks associated with student debt should remain limited.

Keywords: United States; student debt; securitisation; housing market (search for similar items in EconPapers)
JEL-codes: E21 E31 H52 I22 (search for similar items in EconPapers)
Date: 2014
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