Second Chance: Life without Student Debt

We want to thank Equifax Inc. for access to credit bureau data on borrowers including loan and payment amounts, plus employment and income information for a sample of borrowers. For helpful comments, we thank Sumit Agarwal, Janice Eberly (discussant), Samuel Hanson, Andres Liberman (discussant), Felicia Lonescu, Pascal Noel, Nagpurnanand Prabhala, Felipe Severino, Andrei Shleifer, Janis Skrastins (discussant), Saverio Simonelli (discussant), Jialan Wang (discussant), conference and seminar participants at the NBER Corporate Finance meeting at Stanford, Jackson-Hole Finance Conference, the Economic Policy seminar at Hoover, Stanford GSB, Dartmouth (Tuck), Federal Reserve Board, HBS, CSEF Symposium on Economics and Finance, SFS Cavalcade, LBS Summer Finance Symposium, Summer Research Conference at ISB, FDIC Consumer Research Symposium, New Perspectives on Consumer Behavior Conference at Philly Fed, Bocconi University and Bologna University. We also want to thank Alex Caracuzzo, Barbara Esty, Katherine McNeill, and Kathleen Ryan for invaluable help in collecting the court filings data. The views expressed herein are those of the authors and do not necessarily reflect the opinion of Equifax, Inc. The views expressed herein are those of the authors and do not necessarily reflect the opinion of Equifax, Inc. nor of the National Bureau of Economic Research.

• May 2, 2019
• June 28, 2019