Who Mismanages Student Loans, and Why?
研究发现许多有资格获得联邦援助的财务困难学生因长期不还款而累积利息，这种贷款管理不当与更高的违约率相关，且在不同性别和种族间差异显著，贷款服务机构的政策比学生自身金融素养影响更大。
Abstract Many financially distressed students who qualify for federal assistance plans with interest moratorium and principal forgiveness instead accrue interest over long periods of nonpayment. This loan mismanagement is associated with higher delinquency. Mismanagement varies significantly across student gender and race: it is more prominent among male and non-white students. Mismanagement also varies across loan servicers, depending on proxies for student-adverse servicer policies. We consider explanations based on student selection and servicer treatment for loan mismanagement. Student financial literacy plays an important role but variation in treatment on the part of loan servicers appears more important. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online