On Thursday, April 21, 2022, the Federal Reserve Bank of New York will release a two-part research series on its Liberty Street Economics blog exploring the implications and distributional consequences of policies that aim to address the student debt burden.
The new series builds on the recurring Liberty Street Economics research series on Economic Inequality, which highlights differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors. The two upcoming blog posts examine both the distributional consequences of student debt relief and its withdrawal, and the distributional implications of various student debt forgiveness policies. The blog posts leverage data from two datasets: the New York Fed Survey of Consumer Expectations and the New York Fed/Equifax Consumer Credit Panel.
The latest series will feature the following posts:
“What Might Happen When Student Loan Forbearance Ends?” explores how the upcoming discontinuation of student debt forbearance might affect borrowers in terms of financial hardship and delinquency rates.
“Who Are the Federal Student Loan Borrowers and Who Benefits from Forgiveness?” examines who benefits from various federal student loan forgiveness proposals across age, income, credit score, and neighborhood demographics.
Press Call on Economic Inequality Research Series on Student Debt Forbearance and Forgiveness:
A deep background press call will take place on Thursday, April 21 at 9:30 AM EDT to provide further context on the blog. Journalists interested in participating should RSVP to Mariah Measey at mariah.measey@ny.frb.org.
