Student Loan Information Provision and Academic Choices
利用蒙大拿大学系统2002-2014年数据，研究学生贷款信息干预对更换专业的影响，发现收到可能无法偿还贷款警告的学生更可能转向高收入专业，高学业表现者更倾向STEM领域。
We examine the effect of a student loan information intervention on changes in college major using administrative data from the Montana University System from 2002-2014. Our difference-in-difference-in-differences strategy exploits the relative trends for students at Montana State University above and below the cutoff for receiving a warning letter about their student debt, compared to their counterparts at the University of Montana. We find that students who receive information suggesting they may be unlikely to be able to repay their loans are more likely to switch to higher earning majors, with higher academic performers most likely to choose STEM fields.