Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being

Any views or interpretations expressed in this paper are those of the authors and do not necessarily reflect the views, opinion, or official position of the Federal Reserve Board of Governors. The conclusions of this research do not necessarily reflect the opinion or official position of the Texas Education Research Center, the Texas Education Agency, the Texas Higher Education Coordinating Board, the Texas Workforce Commission, or the State of Texas. We thank Andrew Barr, Judy Scott‐Clayton, Adam Isen, Jasmine Santana and seminar participants at Brigham Young University, Duke University, Federal Reserve Bank of New York, University of Maryland, NBER Labor Studies, NBER Education, University of Chicago Harris School, University of Pennsylvania Graduate School of Education, University of Pittsburgh, University of Southern California Center for Economic and Social Research, San Diego State University, University of Virginia, Vanderbilt University, West Point, Wharton School, Brazilian Econometric Society 2022 meeting, SOLE/EALE/AASLE 2020 World Conference, E‐con of Education virtual seminar, the Association for Education Finance and Policy 2020 annual meeting, the National Tax Association 2019 annual meeting, and the Western Economic Association International 2019 conference for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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• August 5, 2020