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Events

Home Events
Student Loan Forgiveness
Student Loan Forgiveness
Student Loan Forgiveness
Student Loan Forgiveness
11Sep
Finance

Student Loan Forgiveness

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Speaker:

Prof. Constantine Yannelis
Janeway Professor in Financial Economics
University of Cambridge

Abstract:

Student loan forgiveness has been proposed as a means to alleviate soaring student loan burdens. Who benefits from loan forgiveness, and how does it affect borrowers? This paper uses administrative credit bureau data to study the distributional, consumption, borrowing, and employment effects of the largest event of student loan forgiveness in history. Beginning in March 2021, the United States federal government ordered $132 billion in student loans cancelled, or 7.8% of the total $1.7 trillion in outstanding student debt. We find that student loan forgiveness led to increases in mortgage, auto, and credit card debt. We find small or no effects on non-student loan delinquencies. Borrowers’ monthly earnings and employment fall.

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Other Events
Spillover Effects of Fee Transparency: Evidence from the Corporate Bond Markets
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7Jul
Accounting and Law | Seminar
Spillover Effects of Fee Transparency: Evidence from the Corporate Bond Markets
7 July 2025 | 10:30 a.m. — 12:00 noon
KK 315
Prof. Sugata Roychowdhury
214th Congregation (Summer Congregation 2025)
7Jul-8Jul
Faculty Level | Event
214th Congregation (Summer Congregation 2025)
Grand Hall, Centennial Campus, HKU
Student Loan Forgiveness
About Speaker
Prof. Constantine Yannelis

Janeway Professor of Financial Economics | The University of Cambridge and the University of Chicago

Student Loan Forgiveness
Interested parties who wish to attend the seminar may inquire the Event Team via aaaevent@hku.hk
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