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Registration

Field Before After
Study Withdrawn No
Intervention Completion Date January 16, 2020
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) 169 survey responses from college students. The treatment was randomized at the survey respondent level.
Was attrition correlated with treatment status? No
Final Sample Size: Total Number of Observations 169 survey responses from college students
Final Sample Size (or Number of Clusters) by Treatment Arms Payments equal to 10% of income above $20,000. Loan forgiveness after 20 years. 22 respondents. Payments equal to 5% of income above $20,000. Loan forgiveness after 20 years. 22 respondents. Payments equal to 10% of income above $30,000. Loan forgiveness after 20 years. 20 respondents. Payments equal to 5% of income above $30,000. Loan forgiveness after 20 years. 20 respondents. Payments equal to 10% of income above $20,000. Loan forgiveness after 15 years. 21 respondents. Payments equal to 5% of income above $20,000. Loan forgiveness after 15 years. 23 respondents. Payments equal to 10% of income above $30,000. Loan forgiveness after 15 years. 21 respondents. Payments equal to 5% of income above $30,000. Loan forgiveness after 15 years. 20 respondents.
Public Data URL https://drive.google.com/file/d/1vWmhJlyhUnWwIStaRZi1o6LZpKvXAcbD/view?usp=sharing
Is there a restricted access data set available on request? No
Program Files Yes
Program Files URL https://drive.google.com/file/d/1oPbCDAOaJI9iTlwncb6jgso6_A_hRqLg/view?usp=drive_link
Is data available for public use? Yes
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Papers

Field Before After
Paper Abstract Income-based student loan repayment provides borrowers with insurance against high repayment obligations relative to their income. Borrowers on income-based repayment rarely default on their loans and there is research which suggests that this is casual. Despite this benefit most students choose to stay on the default 10-year repayment plan. This study investigates whether the specific numerical parameters of the U.S. Federal Government’s income-based repayment plans contribute to the low take up of income-based repayment. I do this by piloting a survey experiment to undergraduate students at Michigan State University. The survey provides evidence that students are more or less likely to choose an income-based repayment plan over the standard repayment plan depending on the specific value of the parameters of the income-based repayment plan.
Paper Citation Brownstein, Joshua. 2021. "A Pilot Survey on Student Loan Repayment Plan Choice." Unpublished.
Paper URL https://joshuabrownstein.github.io/website/Pilot_Survey_Student_Loan_Repayment.pdf
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