Connecting Student Loans to Labor Market Outcomes: Policy Lessons from Chile
研究了智利如何将联邦补贴贷款的可得性与学位项目的毕业生收入挂钩，分析了贷款改革的设计及其对学生、高校和贷款可得性的影响。
Rising student loan default rates and protests over debt suggest that many students make college enrollment and financing choices they regret. Policymakers have considered tying the availability of federally subsidized loans at degree programs to financial outcomes for past students. This paper considers the implementation of such a policy in Chile. We describe how loan repayment varied by degree type at baseline, the design of the loan reform, and how earnings-based loan caps change availability of loans and incentives for students and higher education institutions. We discuss the challenges facing policymakers seeking to link loan availability to earnings outcomes.